The government's decision last July to reduce import duties on gold has significantly had a positive impact on the industry, and any increase in tariffs in the upcoming Budget may have adverse effects, said World Gold Council.
As Donald Trump begins his second term as the President of the United States, his administration appears poised to take a more balanced approach to trade policies, according to a report by YES Securities.
A bipartisan group of US lawmakers introduced legislation to revoke China's Permanent Normal Trade Relations (PNTR), aiming to impose tariffs on non-strategic and strategic goods and address unfair trade practices, while enhancing national security and supporting US manufacturing.
US President Donald Trump on Tuesday announced that the first phase of US tariffs on Chinese imports could be implemented as soon as next week, as reported by Radio Free Asia.
US President Donald Trump has called for an immediate resolution to the ongoing conflict between Russia and Ukraine and warned of potential economic consequences for Russia, including "taxes, tariffs, and sanctions."
Domestic stock markets on Tuesday witnessed a bloodbath, ending on a weak note due to the selling pressure in heavyweight stocks such as Kotak Bank, Zomato, RIL and US President Donald Trump's aggressive take on the trade tariffs on various countries
US President Donald Trump reiterated his threat towards the BRICS nations on Monday (local time), stating that countries part of this organisation would face 100 per cent tariffs on trade with the US if they continue their de-dollarization efforts.
"I will immediately begin the overhaul of our trade system to protect American workers and families, instead of taxing our citizens we will tariff and tax foreign countries to enrich our citizens. For this purpose, we are establishing the External Revenue Service to collect all tariffs, d