India may impose retaliatory tariffs on US goods from April 1
Wednesday, March 6, 2019, 3:13 PM
India is likely to impose higher duties on 29 goods imported from the US from April 1, adopting a firmer stance in relations with one of its biggest trading partners, which withdrew benefits under the Generalized System of Preferences (GSP). The decision could derail the substantive package that India and the US were working on to resolve trade issues.
India hits back at US, hikes import duty on agri, steel products
Thursday, June 21, 2018, 6:07 PM
India on Thursday raised import duties on almost 30 items including agricultural and steel products in protest against the US imposing higher levies on products shipped from the country. Earlier, US hiked tariffs on certain steel and aluminium products which had tariff implication of $241 million on India. China, EU and other trading partners have also hiked tariffs in protest.
China Makes Massive Cut to Car Tariffs After Truce With Trump
Tuesday, May 22, 2018, 8:36 PM
China on Tuesday announced that it will slash the import duty on passenger cars to 15% starting July 1 from the current 25% which has been in place for over a decade. Following the news, shares of Jaguar Land Rover owner Tata Motors jumped as much as 5%. Further, the import duty on car parts will be reduced to 6%.