The Trump administration has replaced temporary Section 122 duties with new Section 301 tariffs, setting India’s rate at 10%. Officials and trade experts say the move may affect large shares of Indian exports but could still leave India relatively competitive versus some peers.
The Trump administration has imposed new 10-12.5% tariffs on over 80 trading partners, including the UK, EU, China, and Canada, under Section 301 of the Trade Act of 1974. These replace expiring duties and follow Supreme Court rulings against earlier tariffs, sparking legal debate and public concern over rising prices.
US Trade Representative Jamieson Greer denied that President Trump's tariffs have increased prices for American families, despite senators Elizabeth Warren and Raphael Warnock presenting data and arguments linking tariffs to higher inflation and cost-of-living concerns.
US Trade Representative Jamieson Greer stated that the US is not receiving sufficient critical mineral exports from China despite ongoing high-level talks. He emphasized US leverage and efforts to boost domestic production to reduce dependency.
India has challenged the US's proposed tariffs linked to forced labor, arguing the US approach is inconsistent and that such issues should be resolved via bilateral trade negotiations. India's representative questioned exemptions and the basis for tariffs, stating they would increase costs for all parties involved.
The United States has refused to renew the USMCA trade agreement in its current form, leading to its non-renewal. The pact remains in effect until 2036, with annual reviews underway that could extend it. A renewal would have reset the expiration date to 2042, reducing business uncertainty.
The United States has refused to renew the USMCA trade agreement in its current form, meaning the pact remains in force until its potential expiration in 2036. A renewal would have extended it to 2042, avoiding a decade of uncertainty for businesses involved in the $1.8 trillion market.
US and India are in final trade negotiations ahead of a July 24 deadline to set tariff rates and address market access for US agricultural products. The visit by US official Greer is expected to finalize a deal after a year of strained relations.
The US has launched a Section 301 investigation into Germany concerning alleged underpayment for innovative pharmaceuticals, potentially impacting US commerce. Germany's proposed healthcare reforms and fast-tracking of legislation to reduce drug spending are key concerns.
US President Donald Trump stated that a trade agreement with India is "very close to the deal." USTR chief Jamieson Greer will visit India next week for final talks with Commerce Minister Piyush Goyal. Most issues are reportedly settled, with an interim agreement expected before July 24.
US Trade Representative Jamieson Greer will visit India on June 23-24 to finalize an interim trade deal, aiming to conclude ongoing negotiations between the two nations.
Rahul Gandhi criticized PM Narendra Modi, calling him an 'obedient servant' to foreign forces after the killing of Indian sailors and "threatening language" from US Secretary of State Marco Rubio. Gandhi questioned Modi's silence and urged India to postpone a US trade visit.
The US and China are testing their post-summit detente through proposed trade and investment boards. Key issues like tariffs, drone security (DJI), and rare earths could challenge this stability if clarity is lacking.
The US Trade Representative proposed a 12.5% tariff on exports from 54 countries, including India and China, citing failure to prohibit goods made with forced labor. India is engaged in discussions with the US regarding this and a framework agreement.
The Trump administration has proposed tariffs of up to 12.5% on imports from China and 59 other economies, citing their failure to ban goods made with forced labor. Trading partners, including China and the EU, have criticized the move as political manipulation and absurd.
The US has imposed a 12.5% trade tariff on Australia and 53 other countries for allegedly failing to prevent imports of goods made with slave labor. Australia disputes the findings, citing its robust modern slavery legislation, and is seeking clarification from US officials.
The US has proposed 12.5% tariffs on imports from India and 54 other economies, citing concerns over forced labor and excess industrial capacity under Section 301 investigations. India is engaging with the US on the matter.
The US Trade Representative (USTR) proposed additional tariffs of 10-12.5% on imports from India and 53 other economies for failing to effectively prohibit goods linked to forced labor. This complicates ongoing trade talks between the US and India.
The US Trade Representative (USTR) has identified India among 54 economies with inadequate measures against goods produced using forced labor, proposing tariffs of 10-12.5%. This occurs during ongoing trade talks in New Delhi.
The US Trade Representative announces a public comment process to identify $30 billion in Chinese goods for potential tariff reductions under a new bilateral trade mechanism.
US Trade Representative Greig has stated that the US stance on imposing tariffs on imported semiconductors remains unchanged following the recent Trump-Xi summit. The government is developing measures to exempt chip manufacturers with factories in the US, focusing on incentivizing domestic production.
US Trade Representative Jamieson Greer anticipates China will annually purchase billions in US agricultural products over the next three years. However, Chinese analysts suggest new purchases beyond soybeans will be incremental, as Beijing prioritizes domestic needs and supply goals.
US Trade Representative Jamieson Greer called for stability with Beijing days before US President Donald Trump’s closely watched trip to China, saying the US was not out to reshape the Chinese economy but to rebalance trade. The trade chief told Fox News on Friday that while the world’s two largest economies “always had a really robust trading relationship … it’s been wildly unbalanced with China exporting just vast amounts of goods to the United States and largely blocking a lot of US imports...
India remains on the US Trade Representative's priority watch list for intellectual property concerns, citing inconsistent progress and long-standing issues with its Patents Act. The report highlights worries over data protection for pharma and agri-chemical products, alongside high customs duties on IP-intensive goods. Weak enforcement of copyrights and trademarks also remain key issues.
