Economic Times·4/30/2026·🇮🇳India·Business
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US proposes 12.5% duty on Indian goods over forced labor concerns
The US Trade Representative proposed an additional 12.5% duty on 54 countries, including India, over alleged failure to restrict imports of goods produced with forced labor. This move, seen as a pressure tactic, comes as India and the US negotiate an interim trade deal.
Negative
1h ago
business
Cabinet Recommends Ordinance to Ease Tax Rules for Foreign Investors
India's Union Cabinet recommended an ordinance to ease tax rules for foreign investors in certain securities, aiming to strengthen the rupee amid record FPI withdrawals and economic concerns.
Negative
1h ago
business
US Proposes 12.5% Tariff on Exports from 54 Countries, Including India and China
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.
Negative
2h ago
business
US proposes additional tariffs on India under Section 301 probe
The US has proposed additional tariffs of 12.5% on India as part of its Section 301 probe into forced labor practices. Experts warn this could significantly impact Indian exports and complicate ongoing trade deal negotiations.
Negative
3h ago
NEWSAIbusiness
Hero MotoCorp Sees No Domestic Demand Slump, Eyes Growth in Scooters, EVs, Premium Bikes
Hero MotoCorp reports no domestic demand slump despite global challenges, with CEO Harshavardhan Chitale expressing confidence in India's economic resilience. The company is aggressively expanding operations, focusing on growing segments like scooters, premium motorcycles, and EVs, with significant capital expenditure planned.
Positive
6h ago
NEWSAIbusiness
IKEA Establishes New Product Development Center in India
IKEA has launched a new product development center in India, its fourth globally. The center aims to design affordable, relevant home furnishings for both the Indian and international markets, marking India's growing importance as a hub for IKEA's full value chain.
Positive
6h ago