Trump tariff threats to open market access talks
Financial Express Hyderabad|December 19, 2024
AS US PRESIDENT-ELECT Donald Trump on Wednesday asserted that the world's largest economy would charge taxes (import tariffs) on India on a strictly reciprocal basis, experts here said the move would force open negotiations for greater market access between the two countries.
MUKESH JAGOTA

While Trump talked of reciprocity, product-to-product parity on tariffs is not possible because items of export for both countries are not the same as imports, they pointed out. One form the US action could take is matching the tariffs that India imposes on some US products with a similar burden on some other products that India sells to the US.

Trump's comments that India imposes tariffs of 100% are also misleading, they noted. Only in some select products like automobiles and wines and spirits that the tariffs reach that level. Even the US has over 100% tariffs.

The outgoing Biden administration has imposed 100% tax on Chinese electric vehicles. "India's average tariff stands at 17%, significantly higher than the US's 3.3%, but comparable to countries like South Korea (13.4%) and China (7.5%)," according to an analysis by the Global Trade Research Initiative (GTRI).

Esta historia es de la edición December 19, 2024 de Financial Express Hyderabad.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición December 19, 2024 de Financial Express Hyderabad.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE FINANCIAL EXPRESS HYDERABADVer todo
Financial Express Hyderabad

'Account discrepancy to hit net worth'

EARLIER IN THE DAY, shares of IndusInd Bank plunged nearly 6% intraday to their lowest level since July 2022 after the RBI granted CEO Sumant Kathpalia only a one-year extension, against the board application for three years.

time-read
1 min  |
March 11, 2025
Financial Express Hyderabad

Sun to buy Checkpoint for $355 mn

THE DEAL WILL be made through an upfront cash payment of $4.10 per common share, a premium of about 66% to Checkpoint's last close on Friday, Sun Pharma said in an exchange filing.

time-read
1 min  |
March 11, 2025
Financial Express Hyderabad

In trade war with US, China deploys food as weapon

CHINESE TARIFFS ON a slew of American farm products have officially come into effect, the latest retaliation in the unfolding trade war between the world's top two economies.

time-read
1 min  |
March 11, 2025
Financial Express Hyderabad

NEP issue stalls Parliament as DMK MPs, Pradhan spar

The ongoing war of words between the ruling BJP and DMK led to disruptions in the Lok Sabha on Monday, with Union education minister Dharmendra Pradhan forced to withdraw certain remarks following protests by Tamil Nadu MPs.

time-read
3 minutos  |
March 11, 2025
Financial Express Hyderabad

Poverty of ambition

Zero tariffs for US drugs cost little but Indian firms must look beyond branded generics, seek R&D-driven growth

time-read
2 minutos  |
March 11, 2025
Financial Express Hyderabad

Record 115 MT wheat output seen

Taking Stock

time-read
2 minutos  |
March 11, 2025
Financial Express Hyderabad

Top realtors corner LRD loans at cheaper rates

WITH THEIR CREDIT profiles rising despite largely stagnant interest rates, top commercial property developers have been able to borrow against rent receivables at a rate lower by 75-to-100 basis points in the past year.

time-read
2 minutos  |
March 11, 2025
Financial Express Hyderabad

Parliamentary panel on railways calls for PPP push

TO REDUCE ITS dependence on gross budgetary support (GBS) from the central government, the Parliamentary Standing Committee on Railways has urged the ministry of railways to intensify its focus on public-private partnership (PPP) projects.

time-read
2 minutos  |
March 11, 2025
Financial Express Hyderabad

Cars24 Forays Into New Car Sales With Super App

Cars24 on Monday entered the new car sales space by launching a platform that aggregates automobile dealerships and manufacturers.

time-read
1 min  |
March 11, 2025
Financial Express Hyderabad

Noida Airport opening delayed to June qtr: Zurich Airport CFO

THE OPENING OF the Noida International Airport, which is running six months behind schedule, is slated for inauguration in the June quarter, a top official of Zurich Airport said.

time-read
1 min  |
March 11, 2025