August 26, 2026 10:51 AM

Canada slaps retaliatory tariffs on US goods worth $20 billion as trade war intensifies

Canada hit back on Tuesday with retaliatory tariffs on about $20 billion worth of U.S. annual imports and rolled out aid for businesses and workers, matching Washington's latest duties dollar-for-dollar. The counter-tariffs on U.S. goods take effect on September 8 and impose duties of 15%, 25% and 50% across around 700 products imported from south of the border, a government statement said. U.S. President Donald Trump's new 50% tariffs on $20 billion of Canadian imports took effect on Saturday...

August 23, 2026 8:36 AM

Canada to retaliate for US tariffs, worsening ties after talks fail

Canada will impose tariffs on some U.S. goods in retaliation for 50% levies ordered by President Donald Trump on Canadian products, Prime Minister Mark Carney said on Saturday, after trade talks collapsed between the two neighbors.   The "dollar for dollar" tariffs on imports of U.S. steel, electronics and other products, to take effect on September 8, mark a further worsening of relations between the longtime allies and major trading partners.   The two countries failed to reach a trade d...

August 6, 2026 8:14 PM

Parliamentary Panel urges early India-US trade pact, calls for stronger safeguards against US tariffs

The Department-related Parliamentary Standing Committee on Commerce has recommended the early conclusion of the proposed India–US Bilateral Trade Agreement (BTA), while stressing that India's strategic and commercial interests must remain fully protected. The panel also called for a comprehensive review of bilateral trade relations in view of recent US tariff measures that have affected several export-oriented sectors. The 200th report of the Rajya Sabha Committee on Commerce, chaired by Rajy...

July 25, 2026 10:15 AM

Trump imposes new global tariffs, drawing protests from trading partners

The United States on Friday imposed new tariffs of 10% and 12.5% on goods from 60 trading partners, including the EU and China, alleging those countries failed to curb imports made by forced labor, just as a temporary 10% global tariff expired. The move is the White House's first step in efforts to rebuild President Donald Trump's near-global tariff wall after the U.S. Supreme Court in February struck down his "reciprocal" duties of 10% to 50% imposed last year under a national emergencies law ...

June 3, 2026 2:38 PM

India engages US on proposed tariffs, continues talks on trade framework agreement

India is actively engaging with the United States over proposed tariffs under Section 301 of the US Trade Act of 1974, while simultaneously continuing discussions aimed at finalising a bilateral trade framework agreement, the government said on Wednesday. According to the Ministry of Commerce and Industry, the Office of the United States Trade Representative (USTR) has concluded investigations involving 60 economies, including India, concerning measures adopted by these countries to regulate or...

May 13, 2026 9:27 AM

US has finalized tariff refunds of $35.5 billion as of May 11

The U.S. customs agency has processed refunds including interest worth $35.46 billion as of May 11 for tariffs imposed by President Donald Trump last year that were deemed illegal, according to a Tuesday court filing. As of 7 a.m. ET on May 11, the U.S. Customs and Border Protection had received 126,237 applications for refunds covering an undisclosed number of shipments or entries, according to the court filing. The agency said it had validated 86,874 of those applications covering 15.1 milli...

May 13, 2026 9:25 AM

US appeals court pauses ruling against Trump’s 10% global tariff

A U.S. appeals court on Tuesday temporarily paused a lower court ruling against the Trump administration's 10% global tariff under Section 122 of the Trade Act, keeping the tariffs in place for three importers that had won a reprieve from the duties last week. * The U.S. trade court ruled against the new tariffs on Friday, but did not widely block their collection * The Trump administration appealed * While the ruling is paused, tariffs resume for the two businesses and Washington state, whic...

February 24, 2026 3:00 PM

New US tariffs come in at lower 10% rate

The United States imposed an additional tariff from Tuesday of 10% on all goods not covered by exemptions, a notice issued by U.S. Customs and Border Protection said, the rate initially announced by President Donald Trump on Friday rather than the 15% he promised a day later. Reacting to the Supreme Court ruling that threw out his tariffs that had been justified on grounds of an emergency, Trump initially announced a new temporary global tariff of 10%. He said on Saturday he would increaseit to...

February 7, 2026 9:20 AM

India, US agree on interim trade framework; PM Modi calls it ‘great news’

Prime Minister Narendra Modi on Saturday welcomed the India–US interim trade framework, calling it “great news” for both countries, as the agreement is set to reduce US tariffs on Indian goods to 18 per cent. In a post on X, the Prime Minister said India and the United States had agreed on a framework for an interim trade agreement and thanked Donald Trump for his personal commitment to strengthening bilateral ties. The Prime Minister said the framework reflects the growing depth, trust ...

January 29, 2026 12:15 PM

FM Sitharaman tables Economic Survey 2026 in Parliament

Finance Minister Nirmala Sitharaman on Thursday tabled the Economic Survey 2026 in Parliament, which will set the official tone on how the economy of the country is performing on a strong note despite global uncertainties and US tariffs. The Economic Survey will reveal India’s projected GDP growth estimates for the current fiscal (FY26) as well as the upcoming financial year (FY27). The key pre-budget document summarises the annual economic development of India and charts out short and medium...