Topic
us-india trade
Tariffs & Duties #tariffs#india
US Imposes 10% Tariff on India Under Forced Labour Probe; Oil Prices Surge
The US Trade Representative has announced a permanent 10% additional tariff on India and 16 other countries under Section 301 for allowing imports of goods produced with forced labour. The levy, lower than the proposed 12.5%, replaces a temporary duty and is unlikely to have a major impact. Separately, Indian crude basket surged 11% to $103.33 per barrel amid supply disruptions.
Jul 25, 2026 1 source
Tariffs & Duties #donald trump#tariffs
Trump Prepares New Tariff Wave as India Trade Deal Stalls, Threatening Market Access
President Donald Trump is set to impose new tariffs on up to 60 countries, including India, as a temporary 10% tariff expires Friday. A bilateral trade deal with India remains deadlocked over market access and tariff concessions, while Canada faces a 50% tariff unless it removes alleged barriers.
Jul 21, 2026 1 source