U.S. President Donald Trump renewed his threat to impose a 100% tariff on films produced outside the United States. The announcement has raised concern in the entertainment industry, which relies heavily on international collaborations. Renewed Tariff Warning Trump argued that foreign

South Korea has rejected claims by former President Donald Trump that it would make an upfront cash payment of $350 billion to the United States under a trade-tariff deal. Top officials say such a move is not feasible and risk triggering financial instability. In July, the two countries reached a verbal agreement in which the […]

At the sidelines of the 80th UN General Assembly, BRICS nations voiced “serious concerns” about a rise in unilateral tariffs and non-tariff barriers. They warned that such protectionist policies risk marginalising the Global South and fracturing global trade. Trade Measures Seen as Coercive In a joint communiqué, the group said indiscriminate tariff increases and coercive

From October 1, 2025, the U.S. will impose 100% tariffs on imported branded or patented pharmaceutical products, unless the manufacturers are already building or expanding U.S. facilities. Who Is Most Exposed European pharmaceutical exporters are expected to be the worst affected, especially those exporting high-value branded drugs. India, by contrast, may be less impacted

U.S. President Donald Trump has announced new tariffs set to take effect on October 1, 2025. The proposed duties include 100% tariff on branded and patented pharmaceutical imports, 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture, and 25% on heavy-duty trucks. Conditions and Exemptions Trump stated that pharmaceutical companies building

US Secretary of State Marco Rubio said the Trump administration may adjust the extra 25 % tariffs imposed on Indian imports in response to India’s purchase of Russian oil. He added that this is something they “hope we can fix.” Criticism of European Energy Deals Rubio criticized European countries for continuing to import large quantities […]

Congress MP Shashi Tharoor has taken aim at U.S. President Donald Trump’s trade policies, saying Trump treats tariffs as “magic instruments” to fix America’s economic problems. Tharoor argued that such an approach oversimplifies complex global trade realities. Trump’s Rationale According to Tharoor Tharoor said Trump believes that many products once made in America are now

Trade talks between India and the United States have resumed with fresh optimism. Indian Commerce Minister Piyush Goyal is expected to visit Washington within days to further negotiate a bilateral trade agreement. Recent discussions in New Delhi between US negotiator Brendan Lynch and Indian counterpart Rajesh Agrawal are said to have been “positive” and “forward-looking.”

The U.S. Supreme Court will hear oral arguments on November 5, 2025, in legal challenges to former President Donald Trump’s global tariffs. The case tests whether Trump overstepped his powers under the International Emergency Economic Powers Act (IEEPA). Lower Court Rulings A federal appeals court ruled on August 29, 2025, that many of these tariffs […]

India’s Chief Economic Adviser V. Anantha Nageswaran said the United States may soon lift the 25% penal tariff imposed on Indian goods. He added that India’s reciprocal tariff of 25% could also be reduced to around 10-15%. Timeline and Expectations Nageswaran indicated that the penal tariffs might be scrapped by the end of November. He […]