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‘India reserves right to suspend…': Govt retaliates to Trump's auto tariffs, proposes counter duties at WTO

‘India reserves right to suspend…': Govt retaliates to Trump's auto tariffs, proposes counter duties at WTO

Mint17 hours ago
The Indian government has proposed to levy retaliatory duties against the United States under World Trade Organisation (WTO) norms as safeguard measures against American tariffs on the automobile sector.
"The proposed suspension of concessions or other obligations would take the form of an increase in tariffs on selected products originating in the United States," PTI quoted a notification of the WTO that has been circulated at the request of India.
"India reserves the right to suspend concessions or other obligations", the WTO notification added.
The government has informed the WTO's Council for Trade in Goods about its plan to suspend concessions and other obligations under specific provisions of the global trade body.
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Retail trading may be impacted if prop giants like Jane Street step back, warns Zerodha CEO
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Retail trading may be impacted if prop giants like Jane Street step back, warns Zerodha CEO

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This Week in Explainers: Shefali Jariwala's death and the dark side of brightening treatments
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This Week in Explainers: Shefali Jariwala's death and the dark side of brightening treatments

After Shefali Jariwala's death, there has been a growing buzz about skin improvement treatments like glutathione and their dangerous side effects. We talk about unregulated cosmetic hacks and more in our weekly roundup of stories from India read more Actor-model Shefali Jariwala died last Friday (June 27). Media reports are that she took anti-ageing medication and skin improvement treatments like glutathione. Image courtesy: Shefali Jariwala @shefalijariwala/X It's been a big week for Indian diplomacy. Prime Minister Narendra Modi is on an eight-day tour across five nations. He will be heading to Brazil for the Brics Summit today (July 5) and then concluding this trip in Namibia on Wednesday (July 9). India is also in talks with the US for a trade deal. While Donald Trump has hinted that the two sides are close to sealing the pact, New Delhi is reportedly looking for concessions. It remains to be seen what happens before the US president's July 9 deadline. 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He is on his longest diplomatic tour in more than a decade, visiting five nations over three days – Ghana, Trinidad and Tobago, Argentina, Brazil and Namibia. The PM is now in the second leg of the trip; he will be spending four days in Brazil during which he will attend the Brics summit in Rio de Janeiro. Here is why these nations matter to India. Prime Minister Narendra Modi and Trinidad and Tobago PM Kamla Persad-Bissessar participate in a welcoming ceremony at Piarco International Airport in Piarco, Trinidad and Tobago, on July 3. Reuters 2. Donald Trump's July 9 deadline for tariffs is nearing. The US president said earlier in the week that the deal with India will be sealed soon with 'much less tariffs'. However, the talks are ongoing, with reports that India's negotiators are pushing back. How is the pact shaping up? And what's the deadlock about? We explain. STORY CONTINUES BELOW THIS AD 3. China continues to poke India. 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The main accused, Monojit Mishra, is a serial offender – he not only harassed women but also threatened teachers and beat up a security guard. STORY CONTINUES BELOW THIS AD Mishra reportedly targeted the survivor from her first day in college. Here's how the gang-rape was planned. People raise slogans during a torch rally to protest against the alleged gang-rape of a law student in her college, in Kolkata. PTI 6. A shocking story came from Karnataka. There have been more than 20 deaths over the past 40 days in Hassan, involving young or middle-aged people. Karnataka Chief Minister Siddaramaiah has hinted at a possible link with Covid-19 vaccines. Is there a reason to be alarmed? 7. Shefali Jariwala's death grabbed headlines across India this week. After all, the model-actor was only 42. Her demise put the spotlight on the unregulated industry of anti-ageing and beauty treatments. Reports suggest that Jariwala took glutathione injections. What are these shots that promise skin brightening? And are they safe? Shefali Jariwala passed away last Friday (June 27) at the age of 42. @shefalijariwala via PTI That's our recommendation list that should keep you up to date with news related to India. If you like the way we take a deep dive into stories that matter, come back to this page for more.

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