After the Supreme Court restricted emergency tariff powers under IEEPA, the Trump administration imposed a temporary 10 per cent global tariff under Section 122. Existing Section 232 and Section 301 duties remain in force as alternative legal measures are pursued.
India and the US have reached a framework for an interim trade agreement, slashing tariffs on key goods, easing trade barriers and boosting market access. The pact aims to enhance exports, protect sensitive sectors and pave the way for a bilateral trade agreement
Vietnam and the EU upgraded ties to a comprehensive strategic partnership, strengthening trade and diplomatic relations amid U.S. tariff pressures. The move enhances market access, supports supply-chain diversification, and aligns with Vietnam’s goal of becoming a high-income nation by 2045
US President Donald Trump has imposed an additional 10% tariff on Canada, accusing it of airing a “fraudulent” ad involving Ronald Reagan’s speech on tariffs. The move comes amid halted trade talks and rising tensions between the two allies.
US President Donald Trump said he expects a “fantastic” trade deal with Chinese leader Xi Jinping amid rising tensions over rare earth exports. Trump confirmed plans to meet Xi at the APEC summit, despite threats of new 100% tariffs.
China, which previously accounted for nearly 77 per cent of US toy imports, is expected to see a significant drop in exports due to the high tariff, opening up space for alternate suppliers
The BRS MP on Thursday thanked Prime Minister Narendra Modi for his intervention on the issue. He wrote a letter to the Prime Minister and congratulated him on the achievement
