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.
US President Donald Trump criticized India’s high tariffs on American goods, calling trade ties a “one-sided disaster.” He said India’s offer to cut tariffs to nothing has come “too late,” noting New Delhi’s reliance on Russian oil and defense imports.
American journalist Rick Sanchez slammed US tariffs on India over Russian oil as a “disrespectful and ignorant policy,” saying Washington is treating India like a schoolchild. He praised New Delhi for standing firm, calling it a transformational moment that shifts global power towards the Global South, as PM Modi met Xi Jinping and Vladimir Putin at the SCO Summit in Tianjin.
In a possible reprieve for India, a federal appeals court has struck down the reciprocal tariffs imposed by US President Donald Trump, ruling he did not have the extensive powers to set them.
India's export economy is facing its most severe disruption in decades. The sudden imposition of steep tariffs by the United States ~ 50 per cent on a wide range of Indian goods, with additional penalties linked to oil and defence imports ~ has left factories silent, inventories unsold, and millions of livelihoods hanging in the balance.
Reacting to the steep tariff hikes imposed by the US on Indian imports, Aam Aadmi Party (AAP) National Convenor Arvind Kejriwal on Thursday demanded that India should impose 100 per cent tariffs on US goods in retaliation to Washington’s move.
