Topic
protectionism
Trade Despite swadeshi push, anti-dumping duties against Chinese firms crawl
The Economic Times reports that a September 2025 DGTR recommendation for anti-dumping duties on Chinese crawlers and truck cranes remains unimplemented, pending finance ministry approval. Domestic manufacturers say the delay is causing severe harm, with several companies set to shut manufacturing operations despite the government's Atmanirbhar Bharat push.
Trade US Section 301 Tariffs Unlikely to Hit India's Exports, Textiles Need Close Watch, Says FIEO Chief
The US announced Section 301 tariffs of 10% and 12.5% on 60 economies on July 24, 2026, with India placed in the lower 10% category. FIEO chief Sahai stated the tariffs are unlikely to impact India's overall exports but noted that textiles need close watch as India was excluded from the textile TRQ exemption granted to some competitors. Products under Section 232 remain unaffected.
Trade Canada Vows to Protect Workers After Trump Imposes 50% Tariffs on Select Canadian Goods, Calling It a 'Direct Violation' of CUSMA
Prime Minister Mark Carney condemned President Trump's new 50% tariffs on select Canadian goods as a direct violation of CUSMA. The tariffs target motor vehicles, dairy, and alcoholic beverages, set to take effect in 30 days, with exemptions for energy, potash, fish, and critical minerals. Canada pledges to support workers and remains open to negotiations.
Trade Trump Signs Executive Order Imposing 50% Tariff on Canadian Imports Effective August 19
US President Donald Trump signed an executive order imposing a 50% tariff on a wide range of Canadian imports, effective 19 August, in retaliation for what he called 'unequal treatment' of US cars, dairy and alcohol. The tariffs cover consumer items like wine and hockey sticks and industrial goods such as commercial cement, but exclude energy, potash, critical minerals and fish.
Trade PM Modi pushes to cut import dependence, boost domestic manufacturing to shield India from global shocks
Prime Minister Narendra Modi has ordered a push to replace high-import goods with local products. The Ministry of Commerce is preparing a list of over 100 products, while the cabinet approved a $19.7 billion incentive boost for chip and smartphone production. Economists say self-reliance is born of necessity.
Trade Conservative group AFP targets Jones Act repeal with six-figure ad campaign
Americans for Prosperity (AFP), the advocacy group backed by conservative billionaire Charles Koch, is launching a six-figure digital ad campaign urging Congress to permanently repeal the Jones Act. The century-old law requires U.S.-built, -owned, -crewed, and -flagged ships for domestic cargo transport. President Trump suspended the law for 90 days amid the Iran crisis, which AFP argues shows the law is outdated and costly.
Trade India Protecting Industry from Unfair Trade Practices of Certain Countries: Piyu
Commerce and Industry Minister Piyush Goyal stated that India is protecting its domestic industry from unfair trade practices of certain countries, including overcapacity and dumping. He noted that the EU, US, and UK are also safeguarding their steel industries. Goyal added that the WTO is currently not very effective, necessitating bilateral actions, and highlighted India's recent FTAs and investment commitments.
Trade US Proposes New Tariffs on India Amid Trade Talks
The US Trade Representative has proposed new tariffs on India under Section 301, citing unfair trade practices. This move comes during ongoing trade negotiations between the US and India.