Washington: U.S. President Donald Trump has issued a second warning to India within 24 hours, announcing plans to impose additional tariffs on Indian goods in response to New Delhi’s continued oil imports from Russia. He stated that the existing 25% tariff would be further increased, citing India’s continued purchase of oil from Russia as a … Read more
WASHINGTON: United States Secretary of State Marco Rubio discussed wide rage of matters with Pakistani Deputy Prime Minister/Foreign Minister Ishaq Dar during a phone call, including U.S. reciprocal tariffs announced by the Trump administration, the State Department said. “They discussed U.S. reciprocal tariffs on Pakistan and how to make progress toward a fair and balanced … Read more
Joe Biden’s administration reviewed the removal of some tariffs on China and a possible pause on the federal gas tax. Top officials say the U.S. struggles to tackle soaring gasoline prices and inflation. Janet Yellen says some tariffs served “no strategic purpose” under Donald Trump. President Joe Biden’s organization is inspecting the evacuation of certain … Read more
President Joe Biden waived tariffs on solar panels from four Southeast Asian nations for two years. The exemption applies to panels from Cambodia, Malaysia, Thailand and Vietnam. It will serve as a “bridge” while U.S. manufacturing ramps up, the White House says. President Joe Biden deferred levies on sunlight based chargers from four Southeast Asian … Read more
WASHINGTON – The US Trade Representative’s office said that tariff exemptions on Chinese-made medical supplies essential to combat the COVID-19 epidemic have been extended for another six months, until November 30. Exemptions from tariffs of up to 25% imposed by former President Donald Trump’s administration were granted in 2020 and were later extended, but they … Read more
The United States lifted duties on Ukrainian steel imports for a year on Monday, in a move aimed at assisting the country’s economy. In the wake of the dramatic evacuation of civilians sheltering in a steel plant in Mariupol after Russian forces bombarded the port city, Commerce Secretary Gina Raimondo heralded the importance of the … Read more
WASHINGTON: Lowering tariffs imposed by the former Trump administration on Chinese goods could help ease some inflationary pressures, US Treasury Secretary Janet Yellen has said. Yellen made the remarks on Thursday at Reuters Next, a virtual global conference held from Wednesday to Friday, during which she said the tariffs of up to 25 per cent on … Read more
