The new duties, announced under Section 338 of the Tariff Act of 1930, will apply to hundreds of Canadian products in 30 days, with exemptions for energy, potash, critical minerals and several other categories.
For much of the past year, economists have been waiting for the American economy to stumble. It has been hit by tariffs, labour disruptions, geopolitical tensions and renewed inflationary pressures.
Delhi’s cheap electricity was never truly cheap. It was deferred. For years, power tariffs remained largely unchanged even as the real cost of generating, transmitting, and distributing electricity steadily increased.
Fresh US data shows a narrowing trade gap under new policies, but India continues to rank among the largest contributors to America’s goods trade deficit.
Amid concerns over a proposed hike in power tariffs, the Uttarakhand Electricity Regulatory Commission (UERC) has declined the proposal of the state power department, bringing relief to consumers.
The United States has historically championed free trade, particularly after World War II. It played a key role in establishing the General Agreement on Tariffs and Trade (GATT) and later the World Trade Organization (WTO) , both promoting reduced trade barriers.
US President Donald Trump has signaled his readiness to escalate sanctions against Russia amid continued Russian defiance over the Ukraine war, but he did not specify what those measures would be as he confronts Moscow's intransigence in ending the conflict.
Former National Security Advisor Jake Sullivan and ex-Deputy Secretary of State Kurt Campbell criticized US President Donald Trump over deteriorating ties with New Delhi amid steep tariffs and closer relations with Pakistan, stressing that US interests in Pakistan pale in comparison to its multifaceted partnership with India.
Commerce Minister Piyush Goyal met EPCs and industry bodies to address rising global tariffs, sectoral challenges, and measures to boost India’s exports through quality upgrades, supply chain diversification, and supportive policy interventions.
Trump said the relationship with New Delhi was "one-sided" as it charged "tremendously high tariffs", not allowing US to sell anything in the Indian markets.
