Tariffs Archives - National Times

11 Oct

US-China Trade War Opens New Doors for Indian Exporters as Tariffs Soar

Rajeev Sharma0 CommentsIndia, World NewsFIEO, global trade, Indian exports, rare earths, Tariffs, US-China trade war

New Delhi (Rajeev Sharma) : The escalating trade war between the United States and China is rattling global markets, but experts say it could turn into a significant opportunity for Indian exporters. With Washington imposing steep new tariffs on Chinese goods, American demand is expected to shift toward Indian products, offering a major boost to India’s export prospects.The US has announced an additional 100% tariff on Chinese imports starting November 1, 2025, taking total duties to a staggering 130%. The move comes in retaliation to Beijing’s decision on October 9 to restrict exports of rare earth elements — materials essential…

05 Oct

Jaishankar Stresses Need for India-US Trade Understanding Amid Tariff Disputes

Rajeev Sharma0 CommentsBusiness, IndiaEU FTA, free trade agreements, India-US trade, S. Jaishankar, Tariffs, UK FTA

New Delhi, October 5, 2025: External Affairs Minister S. Jaishankar on Sunday emphasized the importance of reaching a trade understanding with the United States, highlighting that it is not only the world’s largest market but also a crucial step as many other countries already maintain such arrangements.Speaking at the Kautilya Economic Forum in New Delhi, Jaishankar acknowledged ongoing challenges in trade negotiations with the US, noting unresolved issues including tariffs on Indian goods and crude oil imports from Russia. “There are problems, there are issues. These need to be negotiated, discussed, and resolved,” he said, stressing that negotiations must respect…

01 Sep

Trump Calls US-India Trade Relationship a ‘One-Sided Disaster’ Amid Tariff Dispute

Rajeev Sharma0 CommentsIndia, World NewsDonald Trump, India-US trade, Narendra Modi, Russia oil imports, Tariffs

Washington DC (Rajeev Sharma): US President Donald Trump has sharpened his criticism of America’s trade relationship with India, describing it as “a totally one-sided disaster.” He asserted that New Delhi’s recent offer to eliminate tariffs on American goods might have come too late.In a statement posted on his social media platform Monday, Trump claimed India, after years of imposing restrictive duties, is now willing to reduce tariffs to zero. Yet, he questioned the timing, remarking, “It’s getting late” for such a step.The president argued that trade between the two nations remains imbalanced. “We do very little business with India, but…

22 Aug

Canada to Eliminate Tariffs on U.S. CUSMA Goods by September 1

Rajeev Sharma0 CommentsCanadaaluminum, autos, Canada-U.S. trade, CUSMA, Donald Trump, Mark Carney, steel, Tariffs

Ottawa (Rajeev Sharma) : Prime Minister Mark Carney announced Friday that Canada will scrap all tariffs on goods from the United States covered under the Canada-U.S.-Mexico Agreement (CUSMA) by September 1.Carney clarified that tariffs on steel, aluminum, and autos will remain in place as the Liberal government continues negotiations with Washington to define a new trading framework. Despite the ongoing trade war, he noted that 85 per cent of bilateral trade with the U.S. remains tariff-free, calling it a crucial advantage for Canadian industries and workers.“As we work to address outstanding trade issues with the U.S., it is important we…

06 Aug

Trump Slaps 25% Tariff on Indian Imports Over Continued Russian Oil Purchases

Rajeev Sharma0 CommentsBusiness, India, World NewsDonald Trump, Executive Order, India, Russian oil, Tariffs, U.S-India trade, U.S. sanctions

Washington, D.C., August 6, 2025 — In a bold escalation of U.S. economic pressure tied to the ongoing Ukraine conflict, President Donald J. Trump signed an executive order today imposing a 25% tariff on all imports from India. The move comes in direct response to India’s continued purchase of Russian oil, which the administration has deemed a threat to U.S. national security and foreign policy interests.The executive order cites authority from the International Emergency Economic Powers Act and the National Emergencies Act, asserting that India's direct and indirect imports of Russian crude oil violate the spirit of sanctions previously placed…

31 May

Carney Vows to Shield Cities from Tariffs Through Ambitious Nation-Building Projects

Rajeev Sharma0 CommentsCanadaBuild Canada Homes, infrastructure projects, Mark Carney, nation-building, Tariffs

Ottawa, May 31, 2025 – Canadian Prime Minister Mark Carney announced on Saturday day that his government will launch a sweeping wave of nation-building infrastructure projects aimed at insulating Canadian cities from the economic shock of foreign tariffs, especially those imposed by the United States under President Donald Trump.Carney's remarks come amid growing concern over the U.S.'s recently reinstated tariffs, which threaten key sectors of Canada’s economy. Speaking from Parliament Hill, the Prime Minister outlined a strategy focused on high-impact investments in urban transportation, energy grids, and housing development to bolster domestic resilience.“Our cities are the heartbeat of this country,”…

03 May

Carney to Meet Trump at White House Amid Tariff Row and Annexation Talk

Rajeev Sharma0 CommentsCanadaCanada-US relations, Donald Trump, Mark Carney, Tariffs, Trade @ar

Ottawa, May 3, 2025 — Prime Minister Mark Carney announced Friday that he will meet U.S. President Donald Trump at the White House on Tuesday, in their first in-person meeting since Carney was sworn in as Canada’s 24th prime minister in March.The high-stakes meeting is expected to focus on Trump’s ongoing trade war against Canada and could set the stage for negotiating a new trade and security agreement between the two nations.Carney, who led the Liberal Party to a minority victory earlier this week, addressed reporters during his first post-election press conference. He dodged questions about whether he would make…

08 Apr

Musk Urges Trump to Scrap Tariffs in Rare Clash Over Economic Policy

Rajeev Sharma0 CommentsWorld NewsDonald Trump, Elon Musk, Tariffs, Tesla, U.S. Economy

WASHINGTON, April 8, 2025 — Tesla CEO and tech billionaire Elon Musk directly appealed to U.S. President Donald Trump over the weekend to reverse newly imposed tariffs, according to a report by the Washington Post. Despite his position as a presidential adviser, Musk's request was rebuffed, marking the most visible disagreement between the two since Trump returned to office.The confrontation came after Trump unveiled a sweeping 10% baseline tariff on all imports to the U.S., alongside increased duties targeting several countries. The White House and Musk did not immediately respond to media requests for comment.Musk, speaking virtually at a political…

07 Mar

Jagmeet Singh Slams Trump’s Trade War, Urges Canadians to Boycott American Goods

Rajeev Sharma0 CommentsCanadaboycott, Buy Canadian, Donald Trump, Jagmeet Singh, Tariffs, trade war

Ottawa, Canada, March 7, 2025: Canadian politician Jagmeet Singh has taken a strong stance against the former U.S. President Donald Trump’s trade policies, calling them both “illegal” and “stupid.” In a post on X (formerly Twitter), Singh accused Trump of launching an unfair trade war that would ultimately harm Americans themselves. https://twitter.com/theJagmeetSingh/status/1897787182812692575 “Canada never wanted this fight,” he wrote, emphasizing that his country stands united in defending its economic interests. He also urged Canadians to fight back by supporting local products and avoiding American goods. “Sign the pledge: Buy Canadian. Boycott American,” he declared.Singh’s remarks come amid rising tensions between…