International
US President Donald Trump said the United States will “work something out” with South Korea after warning of higher tariffs on South Korean imports, easing immediate concerns of a trade escalation between the two allies. Tariff Warning and Background Trump had earlier threatened to raise tariffs on certain South Korean goods, including automobiles, citing delays […]
International
India is considering a significant reduction in import tariffs on cars from the European Union as part of the ongoing India-EU free trade agreement negotiations. According to officials familiar with the discussions, New Delhi may cut peak import duties on certain EU-made cars from the current level of up to 110% to around 40%. Limited […]
International
US Treasury Secretary Scott Bessent has defended Washington’s decision to impose additional tariffs on Indian imports, saying the move achieved its intended objective. Speaking at the World Economic Forum in Davos, Bessent said India’s purchases of Russian crude oil had declined, indicating that the tariff pressure had an impact. Europe Accused Of Trade Priorities Bessent
International
The United States has signalled that it may consider rolling back an additional 25% tariff imposed on Indian imports, particularly the punitive levy linked to India’s earlier purchases of Russian crude oil. The tariff was introduced as part of broader trade tensions but recent shifts in India’s energy sourcing have prompted US officials to suggest […]
International
U.S. President Donald Trump said the United States will not proceed with tariffs earlier threatened against European countries following discussions linked to Greenland and Arctic security. Speaking on the sidelines of the World Economic Forum in Davos, Trump said a “framework of a future deal” had been agreed with NATO, removing the need for immediate […]