International
Japan’s chief trade negotiator, Ryosei Akazawa, has canceled a planned trip to Washington meant to conclude talks on a $550 billion investment package tied to tariff relief. The visit was postponed after unresolved details in the agreement remained unsettled. Investment Deal Linked to Tariff Cuts The proposed deal, agreed in principle in July, would lower […]
International
Democratic members of the U.S. House Foreign Affairs Committee criticized President Donald Trump’s decision to impose 50% tariffs on Indian goods, calling the policy harmful to American businesses and consumers. Lawmakers said the tariffs unfairly penalize India while driving up costs at home. Questioning Link to Ukraine Conflict The committee argued that the
International
Mexico’s national postal service, Correos de Mexico, has suspended all package deliveries to the United States starting Wednesday. The decision follows confusion over the termination of the “de minimis” duty exemption, which previously allowed duty-free entry for packages valued under $800. Billions in Trade Impacted In 2024, more than 1.3 billion packages worth over $64
National Politics
The Indian National Congress has strongly attacked Prime Minister Narendra Modi’s “MAGA + MIGA = MEGA” idea, which combined the U.S. slogan “Make America Great Again” with India’s “Make in India.” The party said this has now become a “MAHA headache” for India after the U.S. imposed steep tariffs on Indian exports. Tariff Hike Hits […]
International
Indian petroleum refiners have made it clear they will continue importing Russian crude oil despite mounting pressure from the United States. Industry executives said there has been no instruction from the government to halt purchases, stressing a “country first, commerce later” approach. Tariff Concerns Impact Volumes, Not Strategy September loading orders have dipped,
International
The United States and Russia are reportedly exploring an energy agreement just as President Donald Trump is set to raise tariffs on Indian imports to 50 percent, with increased duties aimed at penalizing India’s continued purchase of Russian oil. These discussions highlight shifting global alignments at a time of escalating trade tensions. Trump Doubles Down […]