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US president-elect Donald Trump speaks at a news conference at Trump's Mar-a-Lago resort on 16 December in Palm Beach, Florida (Getty Images) “India charges a lot. Brazil charges a lot.
India’s car market has enjoyed robust growth in recent years, first overtaking Germany in 2021 as the world’s fourth largest before edging out Japan last year for the third spot.
India plans to impose higher trade barriers and raise import duties on around 300 products from China and elsewhere, two government officials said, as part of an effort to protect domestic businesses.
When the DFTP scheme was introduced in 2008, India committed to eliminating customs duties on over 85% of tariff lines (for items in the Harmonized System 6-digit level of classification), reducing duties on the basis of a prescribed margin of preference [a] for 9% of tariff lines, and maintaining duties on the remaining 6% tariff lines over a period of 5 years.
Trump’s message is clearly friendly, even as he underlines that 10% tariffs could still be in the offing as soon as next month. Chinese President Xi Jinping met with U.S. President Donald Trump ...
The tariffs angered trading partners, who implemented retaliatory tariffs on U.S. goods. [7] In June 2018, India planned to recoup trade penalties of $241 million on $1.2 billion worth of Indian steel and aluminum, [8] but attempted talks delayed these until June 2019 when India imposed retaliatory tariffs on $240 million worth of U.S. goods. [9]
The ASEAN-India FTA will see tariff liberalisation of over 90 percent of products traded between the two dynamic regions, including the so-called “special products,” such as palm oil (crude and refined), coffee, black tea and pepper. Tariffs on over 4,000 product lines will be eliminated by 2016, at the earliest.
Signs of thawing ties a day after the leaders of India and China met are unlikely to deter New Delhi's plans to back tariffs on steel as they are not country-specific measures, a senior government ...