Latest news with #retaliatorytariffs
NHK
5 days ago
- Automotive
- NHK
India notifies WTO of proposed retaliatory duties against US tariffs on autos
India's government has notified the World Trade Organization of its proposal to impose retaliatory duties on imports from the United States. The move is a response to an additional 25 percent tariff that the administration of US President Donald Trump has imposed on automobiles and major auto parts imported into the country. The Indian notification sent to the WTO on Friday says that the US would collect 723.75 million dollars by imposing the additional tariff. It also says that India's retaliatory tariffs would result in an equivalent amount of duties collected from products imported from the US. India has not disclosed details of the measure, including US products targeted by the retaliatory tariffs. India says it reserves the right to withdraw or modify the notification, suggesting that the proposed retaliatory duties may be called off depending on how Washington reacts to the proposal. India's government is stepping up its efforts to negotiate a new trade pact with the US as the pause in what Trump calls reciprocal tariffs is due to expire on Wednesday.
Bloomberg
05-06-2025
- Business
- Bloomberg
Zippo's Court Setback Boosts EU Right to Retaliate Against Trump
The European Union 's power to impose retaliatory tariffs on US goods and services won a legal boost from an adviser to the bloc's top court, as the 27-member jurisdiction continues to spar with President Donald Trump over trade. In a case that pits leading lighting maker Zippo Manufacturing Co. against the European Commission, the EU Court of Justice's Advocate General Tamara Ćapeta said that the firm's challenge against the bloc's 2020 retaliatory US tariffs should be dismissed.
National Post
02-06-2025
- Business
- National Post
U.S. counter-tariffs help Canada bank $617M more in import duties than last March
Article content Ottawa collected an extra $617 million in import duties this past March compared to a year earlier as counter-tariffs against U.S. trade restrictions came into effect. Article content Article content The federal government's latest fiscal monitor report, published late last week, shows revenues from customs import duties topped $1 billion in March, more than double the figure from a year earlier. Article content Article content In March, the federal government slapped retaliatory tariffs on billions of dollars in U.S. goods entering Canada — costs that are paid by Canadian businesses importing the items. Article content Article content
Washington Post
09-04-2025
- Business
- Washington Post
Tracking Trump: A reversal on tariffs; Trump trains aim on China; Justice Department lawyer turnover; and more
President Donald Trump announced a tariff pause for most countries. The E.U. also issued retaliatory tariffs on U.S. products. A slew of lawyers representing Trump at the Supreme Court are leaving. The Supreme Court allowed Trump to remove independent regulators. FBI Director Kash Patel was removed as interim head of another agency.
