Search For "tariffs"
"European auto manufacturers see India as profitable business, FTA to crea
Updated : 1 month, 3 weeks ago IST
Speaking on the impact of the India-EU tariffs on the Indian automobile sector, the minister said, "The Indian auto industry is doing exceptionally well. We haven't opened up the market for cars that sell for up to 25-30 lakh rupees. We have protected the auto industry completely." "If we
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Rupee fall is because of capital outflows, budget and US tariff will be ke
Updated : 1 month, 3 weeks ago IST
The continued fall of the Indian Rupee against the US Dollar is mainly driven by persistent capital outflows, with upcoming developments such as the Union Budget and news related to US tariffs emerging as key factors to watch, currency experts said as the Rupee slipped close to the 92 lev
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Trump signs executive order threatening tariffs on nations supplying oil t
Updated : 1 month, 3 weeks ago IST
Trump signed an order threatening tariffs on countries supplying oil to Cuba, escalating pressure on Havana. Mexico paused shipments, calling it a sovereign decision. With Venezuelan oil halted, Cuba faces worsening shortages, as Washington hardens its stance and Havana rejects US pressur
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Trump warns of 50% tariffs as he moves to decertify Canadian planes
Updated : 1 month, 3 weeks ago IST
US President Donald Trump threatened tariffs on Canadian aircraft and goods, linking the move to Canada's ties with China and certification disputes. The warning followed Prime Minister Mark Carney's Beijing visit, escalating trade tensions between Washington and Ottawa.
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CM Stalin announces 20% capital subsidy for textile machinery in TN
Updated : 1 month, 3 weeks ago IST
Tamil Nadu Chief Minister MK Stalin on Thursday announced a 20 per cent capital subsidy for the purchase of advanced textile and garment machinery, as part of the Tamil Nadu Government's efforts to further strengthen the textile sector.
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India well placed amid tariff shocks, global fragmentation: Economic Surve
Updated : 1 month, 3 weeks ago IST
The Survey notes that the global economic environment has become increasingly uncertain, with trade policy now shaped more by strategic and political considerations than by multilateral rules.
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US Treasury Secretary Scott Bessent reiterates claim that Europe is 'fundi
Updated : 1 month, 3 weeks ago IST
US Treasury Secretary Scott Bessent accused Europe of indirectly funding Russia's war by importing fuel linked to Russian oil, even as it backs Ukraine. His remarks came as India and the EU finalised a major trade deal amid rising global trade tensions.
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"Very disappointing": US Treasury Secretary Scott Bessent says Europe prio
Updated : 1 month, 3 weeks ago IST
US Treasury Secretary Scott Bessent criticised Europe for prioritising a trade deal with India over Ukraine, accusing the EU of indirectly funding Russia's war through energy trade. He said the US has made bigger sacrifices and warned that Europe put commerce ahead of Ukrainian lives.
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Rubio contradicts White House Press Secretary Leavitt, says Trump meant "G
Updated : 1 month, 3 weeks ago IST
US Secretary of State Marco Rubio clarified that President Donald Trump misspoke after calling Greenland Iceland at Davos. Rubio told senators Trump meant Greenland, calling it a verbal slip. The White House denied the mix-up, while Trump later ruled out military action and eased tariff t
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EAM Jaishankar to visit US next week
Updated : 1 month, 3 weeks ago IST
External Affairs Minister S Jaishankar is scheduled to visit the United States next week, sources said on Wednesday.
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India-EU FTA to level textile playing field with Bangladesh, Pakistan as t
Updated : 1 month, 3 weeks ago IST
The agreement is expected to provide a major boost to India's textile and apparel sector, which currently faces tariffs of up to 12% in the EU, compared with zero duties for competitors such as Pakistan, Bangladesh and Turkey. Similar benefits are expected for exports of chemicals, leather p
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Textile industry urges for measures to mitigate US tariff impact: CITI Sur
Updated : 1 month, 3 weeks ago IST
The Indian textile and apparel industry has approached the government with a comprehensive set of policy recommendations to counter the severe economic headwinds caused by steep U.S. tariffs, post the second round of a survey conducted by the Confederation of Indian Textile Industry (CITI) i
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