us tariffs

In a significant move honoring King Charles III and Queen Camilla's state visit, US President Donald Trump has agreed to lift tariffs on British whisky exports. This decision, announced via Truth Social, aims to revive trade between Scotland and Kentucky, which had been impacted by the 10% levy.

US President Donald Trump announced the removal of tariffs and restrictions on whiskey trade between Scotland and Kentucky. This decision, influenced by the recent visit of King Charles and Queen Camilla, aims to bolster long-standing trade ties, particularly concerning wooden barrel exchanges.

Indian exporters anticipate recovering discounts offered on goods previously hit by a 50% US tariff. Following a court order, US importers will receive refunds, with buyers expected to pass them on to Indian sellers.

Donald Trump has warned the UK of significant tariffs if Prime Minister Keir Starmer does not withdraw the country's digital services tax. Trump views the 2% tax on digital platforms as discriminatory towards American companies, signaling potential retaliation if the policy persists. This threat escalates trade tensions between the two allies.

Exporters and end consumers are not permitted to file claims directly, although some companies, such as FedEx, may opt to pass on the refunded amounts at their discretion.

The US has slapped a hefty 123.04% anti-dumping duty on Indian solar cells and modules, citing "critical circumstances." This, combined with existing duties, makes US shipments unviable. However, Indian solar firms have already diversified exports to Europe and West Asia, mitigating the immediate impact. The industry plans to challenge the "flawed" findings.

India and the US concluded three days of trade talks in Washington, aiming to finalize an interim trade pact and advance negotiations for a broader bilateral agreement. Discussions covered market access, digital commerce, and economic security.

Congress leader Rahul Gandhi seized upon remarks by RSS leader Ram Madhav to criticise Prime Minister Narendra Modi. Madhav's initial comments suggested India yielded to US pressure on oil imports and tariffs, which he later retracted and apologized for. Congress claims this indicates PM Modi has lost his authority and India's sovereignty is compromised.

Under the proposed interim trade deal, the US has lowered tariffs on India from 50% to 18%. In August last year, Trump had imposed a 25% reciprocal tariff on India and an additional 25% penal tariff for India’s crude oil purchases from Russia.

India and the United States will resume trade talks next week in Washington. A delegation of Indian officials will meet their US counterparts. Discussions will focus on the first phase of a proposed bilateral trade agreement. Recent changes in US tariff policy necessitate a review of the earlier finalized trade structure.

Donald Trump has threatened to impose significant tariffs on the UK if the government under Keir Starmer does not scrap its digital services tax. Trump stated the levy unfairly targets American tech companies, warning of retaliatory measures if the tax is not withdrawn. He also commented on Starmer's chances of recovery, linking it to immigration policies.

India and the US are resuming trade negotiations in Washington DC from April 20-22 to discuss the first phase of their bilateral trade agreement. The talks are being held under a revised framework following recent shifts in the US tariff regime, which have reduced India's previous trade advantages and necessitate recalibration of the agreement.

Eating out is set to become significantly more expensive as commercial LPG prices have surged by nearly Rs 1,000 per cylinder. Bengaluru hoteliers are compelled to hike menu prices by approximately 10% due to this steep increase, which follows two previous hikes in recent months. This development poses a considerable challenge to the hospitality sector.

Washington isn’t interested in being a guarantor of anything, including energy supplies. New Delhi’s strategic response must centre around the one energy source it has in abundance