Economists and experts warn that proposed EV policy moves in Malaysia, including a potential sales levy and changes to import tax exemptions, could raise costs and weaken the nation's appeal as a manufacturing hub as charging infrastructure lags behind targets.
A coalition of 25 US states filed a lawsuit against the Trump administration over new tariffs of 10% to 12.5% on imports from 60 trading partners, asking the US Court of International Trade to block them and refund duties already paid.
Despite Donald Trump's push to revive US manufacturing, companies like Zion Foodtrucks in Colorado face increased costs from steel and aluminum tariffs and higher fuel prices due to the Iran war, leading to decreased business and tougher competition from Mexican manufacturers.
Donald Trump's White House announced 50% tariffs on most Canadian goods, including wine, hockey sticks, and cement, in response to Canada's retaliation against prior US tariffs. This move, effective in 30 days, aims to address Canada's alleged discrimination against US cars, alcohol, and dairy, risking economic chaos and strained bilateral relations.
India's gross Goods and Services Tax (GST) collections rose 13.9% year-on-year to Rs 1,94,812 crore in June 2026, primarily driven by a 34.6% surge in import tax revenues. Net collections increased 11.2%, with Maharashtra leading state contributions, reflecting the tax system's growing resilience.
India has restricted silver imports, requiring government approval, to prevent traders from exploiting a duty gap created by a recent tax hike on precious metals via the India-UAE free trade agreement.
US President Donald Trump filed an appeal on Friday after the latest legal setback to his signature tariff policy, piling on more chaos and global uncertainty and setting up a new tussle over billions of US dollars in refunds. The appeal follows a decision on Thursday by the US Court of International Trade that invalidated his use of a Section 122 trade provision that saw him slap 10 per cent import taxes on nearly every country on earth. In its ruling, the court found that he failed to meet the...
