Import Duty Hike
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Mexico Hits India With 50% Tariffs. This Will Be Most Impacted Sector
After the United States, Mexico has decided to impose tariffs as high as 50 per cent on the import of select goods from India and other Asian nations that do not have a trade deal with Mexico City.
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Sony Hikes PlayStation 5 Prices By $50 In US Amid Trump's Tariffs
Sony on Wednesday said it is bumping up the price of PlayStation 5 video game consoles by $50 in the United States due to a "challenging economic environment."
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"Tamil Nadu Will Be Hit Harder": MK Stalin On Trump Tariffs
Tamil Nadu Chief Minister M K Stalin has written to Prime Minister Narendra Modi, warning that the steep US tariff hikes on Indian imports could deal a crippling blow to the state's export-driven economy.
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Trump Says Gold Will Not Face Tariffs After Customs Confusion
US President Donald Trump said Monday that gold imports will not face additional tariffs, days after confusion flared on whether recent hikes applied to certain gold bars -- threatening to upend global trade of the precious metal.
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Sensex, Nifty Decline In Early Trade As US Tariffs On Indian Goods Doubled
Benchmark equity indices Sensex and Nifty declined in early trade on Thursday as US President Donald Trump slapped an additional 25 per cent duty -- doubling it to 50 per cent -- on Indian goods over New Delhi's continued imports of Russian oil.
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Budget 2023: Fully Imported Cars, Including EVs, to Cost More After 10 Percent Customs Duty Hike
Fully imported cars, including electric vehicles will cost more with Finance Minister Nirmala Sitharaman announcing hike in customs duty in the Union Budget 2023-24. The Finance Minister also noted that replacing old polluting vehicles is an important part of "greening the country's economy".
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Australia Threatens World Trade Body Action As China Hikes Duty On Wine
Australia's trade minister threatened to take China to the World Trade Organization on Saturday over its "unjustifiable" decision to hike duties on Australian wine imports for up to five years.
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Coronavirus Pandemic: Government To Increase Excise Duty on Petrol, Diesel To Increase By Up To Rs. 8 Per Litre
Notably, Rs. 8 per litre hike would be a great move for the government as it would increase its annual excise collection from the sector to Rs. 1,20,000 crore. The increase in petroleum products along with saving over $15-20 billion in oil import bill in the financial year 2021 will ensure enough boost to bring the economy back on the track after n...
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"Make In India" vs "America First" As PM Modi Hosts Donald Trump
Trade ties between the United States and India have long been problematic but under "America First" President Donald Trump and "Make in India" Prime Minister Narendra Modi, they have worsened.
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China To Impose New Tariffs On $75 Billion Of US Imports
China announced Friday it will hit US soybeans, lobsters, peanut butter and other imports worth $75 billion with new tariffs in retaliation for Washington's planned duty hikes, further intensifying the bruising trade war between the world's top two economies.
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Budget 2019: Gold Prices Go Up As Customs Duty Raised For First Time In 6 Years
Customs duty on gold and other precious metals were raised for the first time in six years today as Finance Minister Nirmala Sitharaman announced an increase in import duty from the current 10 per cent to 12.5 per cent while presenting her first Budget.
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India Imposes Higher Customs Duty On 28 US Products
India on Saturday announced a hike in customs duties on as many as 28 US products, including almond, pulses and walnut, in response to higher tariffs imposed by Washington on Indian products like steel and aluminium.
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Customs Duty On Goods From Pakistan Raised To 200% After Pulwama Terror Attack
A day after withdrawing the 'Most Favoured Nation' (MFN) status granted to Pakistan in the wake ofthe Pulwama terror attack, India on Saturday hiked the basic customs duty on all goods imported from the neighbouring country to 200%.
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China Gets Back At Donald Trump With Duty Hike On $60 Billion US Imports
China Tuesday announced tariffs on US goods worth $60 billion in retaliation for President Donald Trump's decision to slap duties on $200 billion in Chinese products next week.
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European Union Increases Import Duties On American Motorcycles
Similar to India, the EU too proposes to increase the import tariff on American motorcycles to 25 per cent. Here are the details.
-
Mexico Hits India With 50% Tariffs. This Will Be Most Impacted Sector
After the United States, Mexico has decided to impose tariffs as high as 50 per cent on the import of select goods from India and other Asian nations that do not have a trade deal with Mexico City.
-
Sony Hikes PlayStation 5 Prices By $50 In US Amid Trump's Tariffs
Sony on Wednesday said it is bumping up the price of PlayStation 5 video game consoles by $50 in the United States due to a "challenging economic environment."
-
"Tamil Nadu Will Be Hit Harder": MK Stalin On Trump Tariffs
Tamil Nadu Chief Minister M K Stalin has written to Prime Minister Narendra Modi, warning that the steep US tariff hikes on Indian imports could deal a crippling blow to the state's export-driven economy.
-
Trump Says Gold Will Not Face Tariffs After Customs Confusion
US President Donald Trump said Monday that gold imports will not face additional tariffs, days after confusion flared on whether recent hikes applied to certain gold bars -- threatening to upend global trade of the precious metal.
-
Sensex, Nifty Decline In Early Trade As US Tariffs On Indian Goods Doubled
Benchmark equity indices Sensex and Nifty declined in early trade on Thursday as US President Donald Trump slapped an additional 25 per cent duty -- doubling it to 50 per cent -- on Indian goods over New Delhi's continued imports of Russian oil.
-
Budget 2023: Fully Imported Cars, Including EVs, to Cost More After 10 Percent Customs Duty Hike
Fully imported cars, including electric vehicles will cost more with Finance Minister Nirmala Sitharaman announcing hike in customs duty in the Union Budget 2023-24. The Finance Minister also noted that replacing old polluting vehicles is an important part of "greening the country's economy".
-
Australia Threatens World Trade Body Action As China Hikes Duty On Wine
Australia's trade minister threatened to take China to the World Trade Organization on Saturday over its "unjustifiable" decision to hike duties on Australian wine imports for up to five years.
-
Coronavirus Pandemic: Government To Increase Excise Duty on Petrol, Diesel To Increase By Up To Rs. 8 Per Litre
Notably, Rs. 8 per litre hike would be a great move for the government as it would increase its annual excise collection from the sector to Rs. 1,20,000 crore. The increase in petroleum products along with saving over $15-20 billion in oil import bill in the financial year 2021 will ensure enough boost to bring the economy back on the track after n...
-
"Make In India" vs "America First" As PM Modi Hosts Donald Trump
Trade ties between the United States and India have long been problematic but under "America First" President Donald Trump and "Make in India" Prime Minister Narendra Modi, they have worsened.
-
China To Impose New Tariffs On $75 Billion Of US Imports
China announced Friday it will hit US soybeans, lobsters, peanut butter and other imports worth $75 billion with new tariffs in retaliation for Washington's planned duty hikes, further intensifying the bruising trade war between the world's top two economies.
-
Budget 2019: Gold Prices Go Up As Customs Duty Raised For First Time In 6 Years
Customs duty on gold and other precious metals were raised for the first time in six years today as Finance Minister Nirmala Sitharaman announced an increase in import duty from the current 10 per cent to 12.5 per cent while presenting her first Budget.
-
India Imposes Higher Customs Duty On 28 US Products
India on Saturday announced a hike in customs duties on as many as 28 US products, including almond, pulses and walnut, in response to higher tariffs imposed by Washington on Indian products like steel and aluminium.
-
Customs Duty On Goods From Pakistan Raised To 200% After Pulwama Terror Attack
A day after withdrawing the 'Most Favoured Nation' (MFN) status granted to Pakistan in the wake ofthe Pulwama terror attack, India on Saturday hiked the basic customs duty on all goods imported from the neighbouring country to 200%.
-
China Gets Back At Donald Trump With Duty Hike On $60 Billion US Imports
China Tuesday announced tariffs on US goods worth $60 billion in retaliation for President Donald Trump's decision to slap duties on $200 billion in Chinese products next week.
-
European Union Increases Import Duties On American Motorcycles
Similar to India, the EU too proposes to increase the import tariff on American motorcycles to 25 per cent. Here are the details.
