Friday, 1 July, 2022
TopicTrade tariffs

Topic: trade tariffs

At WTO’s India review, US, China and EU slam its ‘increasing’ trade barriers

US says if restrictions aren’t checked, India can’t be integrated into global supply chains. China raises FDI issue, EU says Covid has amplified barriers.

India ‘critically dependent’ on China in imports across 86 tariff lines, GoM report says

GoM to promote manufacturing suggests govt departments should work to cut down imports like refrigerators, point-of-sale machines, 5G optical fibre.

India risks hurting its exports to RCEP countries for very reason it quit the trade bloc

Tariffs will be eliminated on at least 92% of traded goods among the 15 nations that signed the RCEP. Meanwhile, some of India’s top 10 exports will face erosion in market share.

Soaring cost of beer – the big price Chinese will pay for their trade spat with Australia

China imports between 2 million to 3 million tons of Australian barley, considered the best, as domestic production can not meet quality requirement of breweries.

India was not in Trump’s hit list of countries over trade but still had tariffs imposed

India’s trade surplus with US was minor compared to China, Japan and Mexico. But Trump slapped steel, aluminium tariffs & withdrew GSP benefits.

Global toymaker Hasbro to move production from China to India & Vietnam

Hasbro plans to expand production outside of China in favour of new plants in India and Vietnam.

Irritants that soured India-US ties — H-1B visa cap, Russian missiles & high tariffs

US Secretary of State Mike Pompeo’s 3-day visit to New Delhi, starting Tuesday, may give India and US a chance to sort out some of the irritants in their ties.

Jitters in corporate US as business icons Harley-Davidson & Jack Daniel’s feel tariff pain

EU duties alone are likely to hit companies dealing with a range of goods, from packaged food and soft drinks to jeans.

On Camera

YourTurn

Representational image | Islam devotees offer Friday prayers during Ramadan, Patna, April 2022 | PTI

Quran says no one can limit others’ freedom. Udaipur killing violates Islam’s golden rule

Throughout history, Islamic scholars have uniformly agreed that respecting and obeying the law of the land is an essential aspect of faith.
The Reserve Bank of India logo | Photo: Suraj Singh Bisht | ThePrint

RBI intervenes with multi-pronged strategy in battle against rupee fall

The Reserve Bank’s challenges include crashes in forward dollar premiums to rising open interest in futures that adds to pressure on the currency.

Defence

National Security Adviser Ajit Doval | File photo: ANI

At 1st Maritime Security Group meet, NSA chief Doval stresses on coordination among stakeholders

Meeting chaired by Vice Admiral (retd) G. Ashok Kumar, India’s 1st national maritime security coordinator. ‘Crucial policy issues’ such as ‘blue economy initiative’ also discussed.

With Agnipath, Modi govt’s shock & awe doctrine may have misfired a vital reform, yet again

Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.
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