Tariff war: US average duty hits 20.1%, highest since 1910s; WTO & IMF warn of global trade rollback
The US average tariff rate has surged to 20.1%, marking its highest sustained level since the 1910s, driven by President Trump’s pursuit of “reciprocal” trade. ...
India-UK trade deal sealed, but scotch prices to come down only by next year
Despite the India-UK trade deal slashing scotch import duties, consumers shouldn’t expect drastic price drops immediately. Ratification by the UK Parliament is pending, and even ...
Will the Donald Trump administration be forced to give billions of dollars in tariff refunds?
A US trade court ruling against Trump’s reciprocal tariffs could force the administration to refund billions in collected import duties. The court determined that the ...
Higher steel tariffs to dent exports as companies look at other markets
The Trump administration’s doubling of import duties on steel and aluminum is poised to negatively impact India’s export demand, compelling companies to explore alternative markets. ...
