tariff declarations

This risky double-game may dent Islamabad’s relations with Beijing, as also cause international humiliation

American businesses are set to receive billions in refunds for unconstitutional tariffs imposed by former President Trump. The US Customs and Border Protection is launching an online portal this week for importers to file claims, with refunds expected within 60-90 days.

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.

President Trump claims China is pleased with his decision to permanently open the Strait of Hormuz, stating he's acting for their benefit and the world's. He asserts China has agreed to cease weapon shipments to Iran and anticipates a warm reception from President Xi during an upcoming visit, highlighting smart cooperation over conflict.

President Trump has issued a stern warning to China, threatening a "staggering" 50% tariff if Beijing aids Iran militarily. He expressed confidence Iran would yield to US demands, asserting that tough rhetoric brought them to the negotiating table. Trump also detailed plans to blockade the Strait of Hormuz and warned of severe retaliation against any Iranian aggression.

US forces are enforcing a blockade on vessels entering or leaving Iranian ports in the Strait of Hormuz, a move experts deem an act of war. This directly impacts China, the largest buyer of Iranian oil, and could cripple Iran's economy. While India's direct exposure is minimal, global energy markets face significant disruption.

A five-year ownership cost analysis of popular petrol, diesel, and electric SUVs in Delhi reveals EVs as the most economical. Despite a higher upfront price, their significantly lower running and maintenance costs make them the cheapest option for high-mileage drivers. Diesel offers efficiency for highway use, while petrol suits low-mileage, hassle-free ownership.

India has abruptly ended the free import of gold, silver, and platinum jewellery, moving it to a restricted category requiring prior government permission. This move aims to close loopholes in Free Trade Agreements, particularly the India-ASEAN pact, used to evade duties. While SEZs and export-oriented units are exempt, traders now face potential delays due to new licensing procedures.

Amidst the Iran war, President Trump launched a lunar mission, declared dominance, and vowed to escalate conflict. He also proposed a massive Pentagon budget, citing war as a reason to cut domestic programs. Simultaneously, he challenged birthright citizenship and faced judicial scrutiny over his executive orders and a proposed ballroom project, while artists offered satirical commentary on his actions.

President Trump's claims of 'decimating' Iran are challenged by two US warplane losses. Allies are distancing themselves, with France and Britain focusing on reopening the Strait of Hormuz. Iran's actions are deepening economic fallout by disrupting oil flows. Diplomatic efforts continue amidst regional escalations.

So far, not badly. High forex reserves & low inflation cushioned the first blows. GOI’s managed to avoid a crude oil supply shock. It all depends now, on when the conflict ends

With tensions rising near the Strait of Hormuz, Bab el-Mandeb — another maritime chokepoint — is coming into focus over fears that it could become the next shipping lane to be targeted, especially with the entry of the Houthi group into the current conflict. For India, the repercussions will be significant

The inflows of Russian crude oil have risen sharply since the US-Iran war began and imports via the Strait of Hormuz were disrupted. In fact, crude imports from Russia are now nearing lifetime monthly highs!

Donald Trump expressed "epic fury" at NATO allies for refusing to join the Iran war, branding them "cowards" and warning "we will REMEMBER!" He threatened to wind down U.S. military efforts in the Middle East, stating the U.S. was close to its objectives and that the Strait of Hormuz would need to be guarded by other nations.

Lenovo and other tech companies are suing the US government for refunds on tariffs imposed by former President Trump, which the Supreme Court recently deemed unconstitutional. The companies argue the International Emergency Economic Powers Act (IEEPA) did not grant the President authority to levy these duties, seeking reimbursement for payments made.

As the Iran war stretches on, Trump’s ambitions beyond the Middle East raise larger questions about US power. Are these moves a projection of strength — or signs of a superpower grappling with decline?

The president is no stranger to staking out contradictory stands, part of what his aides say is his negotiating style. But on Iran, his shifting positions are colliding with the consequences of war.

A New York judge has ordered the US government to refund companies for tariffs struck down by the Supreme Court. The ruling mandates refunds for duties imposed under a law the court deemed unconstitutional, impacting billions in collected taxes. This follows a Supreme Court decision limiting presidential tariff authority, with attention now on customs agencies to manage the mass payouts.

The US has spent a staggering $3.4 trillion on a "militarised rivalry" with China since 2012, a figure dwarfing its Afghanistan war costs. This massive peacetime spending, driven by a strategic pivot to Asia, highlights Washington's determination to avoid repeating past "mistakes" with Beijing, particularly concerning technological transfers and economic engagement, as it now recalibrates its approach with India.

President Trump asserted that most trading partners wish to maintain existing trade deals despite a Supreme Court ruling invalidating some tariffs. He also suggested tariff revenue could eventually replace income taxes, claiming these duties fueled economic growth and generated billions. However, a New York Fed paper indicated US firms and consumers bore most tariff costs.

US President Trump escalated a global tariff from 10% to 15% in response to a Supreme Court ruling that deemed his previous tariff actions illegal. The court questioned his authority to impose such duties without congressional approval. Trump stated the increase was effective immediately, targeting countries he believes have exploited the US.

India continues to source crude oil from Russia, asserting its right to procure from any supplier based on national interest, affordability, and availability. Government sources clarified that recent US waivers were for domestic audiences, as New Delhi's energy security is not solely dependent on single maritime routes like the Strait of Hormuz, with a significant portion of imports unaffected.

US consumers won’t benefit post-SC ruling. So, Republicans are still in trouble. Biggest point is that US apex court has become too powerful because lawmakers have abdicated their role