retaliatory tariffs

India and the UK are set to discuss contentious steel safeguard measures and the proposed Carbon Border Adjustment Mechanism (CBAM) this week, posing significant hurdles to their free trade agreement. New Delhi is concerned about reduced steel import quotas and potential carbon taxes impacting exports, hinting at possible retaliatory measures.

California Governor Gavin Newsom has proposed expanding the state's sales tax to include digital prewritten software, aiming for parity with physical software sales. This move could impact software and SaaS companies, drawing comparisons to digital services taxes in other countries. The proposal, if approved, is projected to generate significant revenue for the state.

Donald Trump has warned the UK of significant tariffs if Prime Minister Keir Starmer does not withdraw the country's digital services tax. Trump views the 2% tax on digital platforms as discriminatory towards American companies, signaling potential retaliation if the policy persists. This threat escalates trade tensions between the two allies.

India's proposed retaliatory tariffs against US agricultural products including apples, almonds and lentils will have an adverse impact on American exports worth nearly $900 million, according to the latest Congressional report. India is the only major country which has been continuously postponing the implementation of the retaliatory tariffs.

India has proposed retaliatory tariffs against the United States under WTO regulations, responding to American duties on steel and aluminium imposed as safeguard measures. This action, impacting US imports worth $7.6 billion, comes amidst ongoing trade deal talks between the two nations.

Canadian Prime Minister Justin Trudeau announced retaliatory tariffs on US goods in response to President Trump's levies on Canadian and Mexican imports set to go into effect Tuesday. Canada will impose 25% tariffs on C$155 billion worth of US goods, beginning with C$30 billion immediately and the remaining C$125 billion after 21 days.

Canada will impose C$29.8 billion in tariffs on the United States starting Thursday in response to US tariffs on steel and aluminium. The retaliatory tariffs will target various US imports, including steel, aluminium, and other products. This action comes as Justin Trudeau prepares to hand over power to his successor, Mark Carney, who cannot yet engage in discussions with Trump.

America warns European nations against imposing retaliatory tariffs. These tariffs are linked to President Donald Trump's proposed levies on goods from Britain, Denmark, Finland, France, Germany, the Netherlands, Norway, and Sweden. The US views Greenland as a vital strategic asset for national security.

US and Chinese officials are set to meet in Switzerland amidst escalating trade tensions. retaliatory tariffs have crippled exporters, with US duties on Chinese goods at 145% and China's on US goods at 125%. President Trump hinted at tariff reductions if China makes concessions, while China demands the tariffs be cancelled before talks.

California walnut growers are hopeful that the US and India will soon strike a trade deal that will reduce the retaliatory tariffs imposed by New Delhi on American walnuts, a top industry official said.

President Trump’s tariffs on China, Canada, and Mexico—25% on imports from Canada and Mexico, 20% on Chinese goods—have triggered a full-scale trade war. retaliatory tariffs from these nations threaten higher consumer prices, economic losses, and supply chain disruptions. Key industries like retail, agriculture, and automotive face significant risks. Experts warn of GDP decline and inflation, while uncertainty looms over whether tariffs will persist or force policy reversals.

The US has informed the WTO that India's retaliatory tariffs on American automobiles, steel, and aluminium lack a legal basis, despite India's claim of significant export impact and duty collections. This dispute unfolds as both nations engage in trade deal negotiations, with the US asserting its tariffs are protected under national security provisions.

Chinese Foreign Minister Wang Yi warned that Beijing will retaliate against US tariffs, accusing Washington of hostility despite China's cooperation on issues like America's fentanyl crisis. He also criticized President Trump's approach of placing US interests over international cooperation, warning it could destabilize global order and harm international relations.

US President Donald Trump has indicated potential retaliatory tariffs on China for its Russian oil purchases, following similar actions against India. While immediate measures are not planned, Trump suggested they could be implemented in the coming weeks if the Ukraine war persists.

India plans to impose tariffs on US goods. This action responds to US tariffs on steel and aluminium. The US tariffs impact Indian exports significantly. India's move could affect ongoing trade talks between the two nations. India had previously retaliated against similar US actions. The country reserves the right to modify its tariff plans based on future developments. The WTO has been notified of India's intentions.

New tariffs announced by the Trump administration could significantly increase the cost of imported food products like coffee, chocolate, and cheese for American consumers. These changes aim to protect domestic production but are likely to cause price hikes and economic strain on household budgets and food industry margins.

The US on Wednesday suspended the imposition of retaliatory tariffs against India, the UK and four other countries that had begun levying digital service tax on companies such as Google and Facebook.

The European Union has decided to halt its tariffs on goods from the United States for 90 days. This follows a similar move by US President Donald Trump. Ursula von der Leyen, European Commission President, confirmed this suspension to allow trade negotiations. However, she warned that countermeasures will be taken if talks fail.

Thursday witnessed a flurry of activity, from the Supreme Court addressing Bihar's voter revision process and the Election Commission clarifying its role, to Congress leaders criticizing Shashi Tharoor's Emergency remarks. Arunachal Pradesh's CM asserted that the next Dalai Lama would be born in a free world, while India threatened retaliatory tariffs against the US at the WTO.

US President Donald Trump criticized China's decision to impose a 34% tariff on all US imports, claiming China 'panicked' in response to his recent trade measures. China's finance ministry confirmed the tariffs as reciprocal. The tensions include higher tariffs on imports from the European Union, Japan, and Israel, with Trump declaring a national emergency to enforce his policy.

US President Donald Trump is set to introduce reciprocal tariffs on foreign imports. Major economies such as the European Union, Canada, and Mexico plan retaliation. Experts warn significant economic consequences, including a potential 0.4% loss in US GDP due to retaliatory measures.