The US president and his senior officials had initially planned to engage in tariff rate discussions with many countries. (AI image) Donald Trump’s tariff deadline: Ahead of his self-imposed deadline on reciprocal tariffs, US President Donald Trump has said that 12 countries will be getting letters Monday onwards detailing their tariff rates. It is yet…
Saudi Arabia, Russia and six other major oil producers from the OPEC+ alliance will meet on Saturday to decide their crude output strategy for August, with analysts expecting the bloc to approve another production hike of 411,000 barrels per day (bpd), mirroring decisions made for May, June and July. The meeting will be held virtually…
NEW DELHI: India on Friday proposed imposing of retaliatory duties under WTO norms against the US tariffs on imports of auto parts in the name of safeguard measures.“The proposed suspension of concessions or other obligations would take the form of an increase in tariffs on selected products originating in the US,” according to a notification…
NEW DELHI: Fair trade regulator CCI has directed Aditya Birla firm UltraTech, which now owns south-based cement firm India Cements, along with two other makers and their executives to submit financial documents, after its director general in its investigations found contravention of competition norms.The Competition Commission of India (CCI) has also directed Dalmia Bharat Cements…
Gold rose – putting it on track for a 2% weekly gain – as President Donald Trump said some US trading partners would face tariffs from Aug 1. Bullion rose 0.5% to around $3,340 an ounce on Friday as investors weighed the latest trade comments from the president, who said the administration will start sending…
Pakistan and Russia have agreed to jointly develop an extensive rail and road network to link South Asia with Central Asia and Russia, aiming to give landlocked nations direct access to warm-water ports. The move is seen as a strategic step toward speeding up infrastructure projects across the region to enhance trade and promote economic…
Emirates is shifting its strategic focus away from India due to long standing bilateral restrictions that have prevented the airline from expanding its operations in the country.Adnan Kazim, deputy president and chief commercial officer of Emirates, told ET that India, once among the airline’s top five global markets, has now slipped to the top 10….
Union minister Ashwini Vaishnaw (Image credits: ANI) India is steadily building its electronics manufacturing capabilities and is on course to achieve a value addition of 38%, comparable to China’s, within the next five years, Union minister for electronics and IT, railways and information & broadcasting Ashwini Vaishnaw said on Thursday.During an ET roundtable, Vaishnaw said…
China targets involution’ in EV market (Image credits: AP) China’s government is stepping in to cool down the fierce price war in its electric vehicle (EV) market, as concerns over oversupply, shrinking margins, and industry instability grow.After years of aggressive industrial policy driving EV adoption, China’s electric vehicle market has become the largest in the…
India has informed the WTO’s Council for Trade in Goods regarding its intended suspension of concessions. (AI image) India has proposed retaliatory tariffs on Friday against the United States at the WTO (World Trade Organisation) in response to American safeguard measures on the automobile sector. The move comes amidst ongoing trade deal talks with the…
