Indian wood products and furniture exporters will become far more competitive in the US market, as tariffs on this category will be slashed from 50 per cent to 10-25 per cent after the latest tariff imposed by US President Donald Trump on wood products, said policy think tank GTRI.
Earlier on September 29, US President Donald Trump announced a 100% tariff on all movies produced outside the United States, claiming that America's film industry had been "stolen" by overseas players.
The Sensex and Nifty opened in red on Friday as the Nifty 50 extended its losing streak, slipping below key levels for the fifth consecutive session. The index has already given up more than half of the 1,000-point rally it had witnessed since the August 29 lows.
The Indian pharmaceutical sector supplies over 50 per cent of global demand for various vaccines, 40 per cent of generic demand in the US and 25 per cent of all medicines in the UK. According to a government release, drug and pharmaceutical exports increased by 6.94 per cent from USD 2.35
Speaking to ANI, Tharoor acknowledged the mounting tensions with the US post-tariff imposition, but explained that it had "nothing to do with India" since Trump's focus remains to push for manufacturing in his country, instead of only relying on imports.
Indian stock markets fared well even as the country faced US tariffs on its goods, primarily due to the strong domestic fundamentals that include robust consumption and recent GST reforms, according to a Bank of Baroda report.
US President Donald Trump on Tuesday claimed that a victory in the ongoing US Supreme Court case over his sweeping global tariffs would position America as "by far the richest country anywhere in the world", granting "tremendous" negotiating power to Washington.
Assistant US Trade Representative Brendan Lynch had a positive meeting with his counterpart, Ministry of Commerce and Industry Special Secretary Rajesh Agrawal, on Tuesday to discuss next steps in bilateral trade negotiations, with the two sides deciding to intensify efforts to achieve early
A team of United States officials led by Assistant US Trade Representative for South and Central Asia, Brendan Lynch, had "positive and forward-looking" discussions on Tuesday with the officials from India's Department of Commerce and it was decided to intensify efforts to achieve early c
In a joint statement released on social media, Graham said he was "very pleased" with Trump's strong call for coordinated economic action. He argued that China was "propping up Putin's war machine" by purchasing discounted Russian oil and gas, and therefore must face punitive tariffs from th
US President Donald Trump stated in a Fox News interview that US tariffs on Indian goods caused a "rift" with India and admitted that the Russia-Ukraine conflict, which he had expected to be the easiest to resolve, remains unresolved.
The group outlined specific actions for the business and tech community, urging them to engage with both Republican and Democratic lawmakers. Khanna specifically called for pressure on Republican members of Congress regarding the strategic importance of the relationship and for Democrats