Import Tariff News

Crude inventories rose by 3.5 million barrels in the week to May 31 to 478 millionThe oil market has been weighed down by concerns about slowing global growth from the US-Sino trade war and President Donald Trump's threats last week to place tariffs on Mexican imports

Trump uses example of Harley-Davidson motorcycles to show how other countries were imposing high taxes Trump also said now it was time for the US to impose a reciprocal tax

India's decision to further delay the imposition of tariffs comes as the two countries negotiate a package to remove trade friction over a range of items

Donald Trump's single-minded focus on Harley-Davidson motorcycles has mystified trade experts in both countries

The IMF now predicts 3.7 percent global growth in both 2018 and 2019, down from its July forecast of 3.9 percent growth for both years

There is some opportunity to expand agricultural trade in the short term, particularly with China, which has been the top contributor to India's export growth in recent months

More than $75 billion of foreign savingsaka capital inflowswill be needed to fund the estimated current account deficit for the fiscal year that will end in March 2019

Any tariff increase will come at a huge cost to India's consumers as well as producers who use imported inputs

The current discussions are focussed on removing outstanding sources of friction, and are not aimed at creating a bilateral free trade agreement between the two nations

Donald Trump says Apple products price may increase because of massive tariffs the US may be imposing on China - but there is an easy solution where there would be ZERO tax, and indeed a tax incentive