US President-elect Donald Trump mocked Canadian Prime Minister Justin Trudeau, calling him the 'governor of the great state of Canada' amid rising tensions over proposed tariffs and trade disputes
The move comes after bilateral engagements with the trade bloc had failed earlier this year
In the last two rounds of tariff hikes, Vodafone Idea (Vi) in December 2019 and Bharti (Dec 2021) took the lead, while R-Jio was the last one to raise tariffs
The Biden administration took the first step toward a review of tariffs on more than $300 billion in Chinese imports.
The United States in January 2018 imposed duties on solar panel imports beginning at 30% and expected to drop to 15% by 2021
Airtel had, on Monday, reported Q4 loss at Rs 5,237 crore, mainly on account of provisioning for paying statutory dues, while its full year losses ballooned to a record Rs 32,183 crore.
Tariff wars are among the three serious challenges to global trade.
DGTR has recommended imposition of the duty on the imports of 'continuous cast copper wire rods' from Indonesia, Malaysia, Thailand and Vietnam
The US in July had dragged India to the WTO by filing a complaint against New Delhi's move to increase customs duties, alleging the decision as inconsistent with the global trade norms
Beijing released a list Thursday of products that will no longer be subject to the tariffs
The decision came after talks ran late into Monday evening, two trade officials said
Trump said he did not think Beijing would retaliate for the US tariffs and that he believes China wants to make a trade deal
Its latest quarterly barometer showed growth in global merchandise trade rose by 0.2% in the second quarter of this year against 3.5% in same period of 2018
As U.S. and Chinese negotiators close in on a "phase one" trade deal, expectations are rising that at least some of these tariffs will be removed
After Sunday's tariff hike, 87% of textiles and clothing from China and 52% of shoes will be subject to import taxes
Early this year, at a White House event, Trump had said he was satisfied with the Indian decision to reduce the import tariff on Harley-Davidson motorcycles from 100% to 50%.
Senior officials of India and the US are in discussions to finalise a kind of trade deal
China has vowed to retaliate further against any new US tariffs
Last week, India finally imposed higher tariff rates on 29 import items from the US, aimed at raking in $240 million worth of duties through higher tax up to 100 per cent