tariff concessions

US courts have again blocked Trump's 10% global tariffs, deeming them unauthorized. This ruling, following earlier tariff invalidations, signals a return to WTO's MFN rates. For India, this policy instability raises concerns, prompting advice to pause Free Trade Agreement talks until US trade systems stabilize, preventing one-sided deals.

Prime Minister Modi urged Indians to halt gold purchases for a year to protect foreign exchange reserves, a call supported by GTRI which highlighted a surge in gold imports straining the trade balance. Union Minister Ashwini Vaishnaw echoed the appeal, emphasizing reduced import spending amid Middle East conflict, leading to a sell-off in jewellery stocks.

India-New Zealand FTA: It aims to double bilateral trade, provide Indian exporters duty-free access to the New Zealand market, and attract investments worth $20 billion over the next 15 years.

India and New Zealand are set to sign a Free Trade Agreement on April 27, aiming to boost bilateral trade to $5 billion within five years. The pact will offer duty-free access for many Indian exports, benefiting sectors like Agra's leather industry. New Zealand gains tariff reductions on key products, while India protects sensitive agricultural goods.

India and New Zealand have signed a 'once-in-a-generation' trade pact, granting Indian exporters duty-free access to New Zealand. The agreement aims to double bilateral trade to $5 billion in five years and includes a $20 billion investment commitment from New Zealand. Both nations are optimistic about the pact's potential to boost economic growth and cooperation across various sectors.

US President Trump's second term prioritizes oil, leveraging energy dominance for global influence. Campaign funding from oil interests aligns with policies boosting domestic production and easing regulations. Sanctions on rivals and geopolitical events like the Hormuz crisis engineer demand for American exports, impacting nations like India and reshaping global energy markets.

Democratic Republic of Congo will accept third-country nationals deported from the US starting April, a deal fully funded by Washington. This expands America's deportation network to Africa, with similar arrangements in Ghana and Cameroon.

The Airports Economic Regulatory Authority (AERA) met stakeholders to finalize user tariff rates for Noida International Airport, with charges set to remain in effect until March 31, 2031. A draft order proposed provisional user development fees ranging from Rs 210 to Rs 980 for flyers.

Apple CEO Tim Cook's China visit coincides with a significant cut in App Store commissions, a move reportedly influenced by Chinese regulators and rising US-China tensions. This concession, alongside strong iPhone sales growth in China, signals Apple's commitment to the market and its manufacturing base amidst complex geopolitical and business dynamics.

India is prioritizing diplomatic engagement with Iran to ensure safe passage through the Strait of Hormuz, offering a stark contrast to the US military approach. New Delhi's direct talks have already yielded results, with Indian tankers resuming transit. This strategy aims to secure India's crucial energy imports while carefully managing its relationship with the United States.

Said May Delay China Summit, Warned Nato Of ‘Bad’ Future If It Doesn’t Assist

NEW DELHI: The union cabinet on Saturday followed up on the just-concluded China visit of Prime Minister Vajpayee by offering fresh tariff concessions to Beijing under the Bangkok Agreement.