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Friday, April 11, 2025

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China hikes tariffs on imports from US to 125% after American levy on Chinese goods reached 145%

China on Friday hit back at the latest US tariffs by imposing 125 per cent tariffs on imports of all US goods

Amid tumbling financial markets and retaliatory tariffs by affected countries, Trump delays tariffs on Canada and Mexico

The US President signed an executive order to delay 25% tariffs on Canadian and Mexican goods covered under the North American Trade Agreement dismissing any links to market turbulence.

China, Canada retaliate to US tariffs by announcing counter-tariffs on US goods, Mexico prepares a backup plan

Billionaire investor Warren Buffet has described Trump's tariffs as ' an act of war'. "Tariffs are actually-we've had a lot of experience with them-they're an act of war, to some degree," said Buffet. He said that tariffs are ultimately paid by consumers who purchase taxed goods. "The Tooth Fairy doesn't pay'em, " he added.

Walmart’s strategic pivot: Embracing India for a diversified supply chain and cost-efficient procurements while cutting imports from China

Walmart steadily increasing its reliance on India for imports to the US while cutting procurements from China

Yemen: Islamist group ‘Houthis’ ban imports from Sweden after man burns Quran outside masjid on Eid

"Yemen is the first Islamic country to ban imports of Swedish goods after its violations and desecration of Muslims' holiest," Houthi trade minister said.

India saved at least USD 7 billion in foreign exchange in 14 months by importing discounted Russian crude oil

Indiam refiners saved over USD 7 billion in foreign exchange by increasing crude oil imports from Russia

TMC divided over anti-dumping duty on newsprint, two Trinamool MPs write to PM Modi opposing and supporting the measure

TMC Rajya Sabha MP Nadimul Haque opposes anti-dumping duty on newsprint, party's Lok Sabha MP Saugata Roy supports it

Vietnam to buy 70,000 tonnes of rice from India after decades. Here is why

If such trends continue, countries which traditionally import rice from Thailand and Vietnam might eventually turn towards India.

In a blow to Kejriwal’s fearmongering, onion prices drop by 60% across the country: Details

As an example of the ill effects of hoarding, Arvond Kejriwal cited the rise in onion prices across the country..

Ladakh standoff: India Inc steps up for India, industrialists rise to the occasion to move forward on path of self-reliance

Industrialists like Anand Mahindra, Parth Jindal have come forward and taken a vow to help take India further on the path of self-reliance.

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