Related News

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, arrives to pay his last respect to Indian industrialist Ratan Tata at the National Centre for the Performing Arts (NCPA) ahead

India’s GDP growth (AI image) India’s GDP grew at a robust 7.8% for the first quarter of the current financial year 2025-26, beating estimates by over a full per cent.

The rupee on Friday tumbled past the 88-per-dollar mark for the first time, finishing the day at an all-time closing low of 88.19 (provisional). The sharp fall of 61 paise

Reliance Industries Ltd (RIL) on Friday announced a joint venture with social media major Meta, with an initial investment of about Rs 855 crore ($100 million), to build and scale

Power Finance Corporation (PFC) and Japan Bank for International Cooperation (JBIC) have signed a loan agreement worth 60 billion Japanese Yen (about Rs 3,500 crore) to fund clean energy projects

A fisherman in Costa Rica has pulled off a catch that looks like something straight out of a science fiction movie. While fishing in Tortuguero National Park, local angler Garvin

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

US copper tariffs: India may seek WTO talks amid export risks; similar action in steel, auto cases earlier

Word Count: 616 | Estimated Reading Time: 4 minutes


US copper tariffs: India may seek WTO talks amid export risks; similar action in steel, auto cases earlier

India is examining the possibility of WTO consultations with the US regarding Washington’s copper import tariffs. This potential action would be India’s third instance of seeking such discussions with the US, following previous cases involving steel and aluminium, and automotive sectors under the WTO Agreement on Safeguards.Beginning August 1, the US implemented a 50% tariff on copper input value for semi-finished and derivative copper product imports, invoking Section 232 of its Trade Expansion Act of 1962. This section enables the US President to limit imports that are considered threats to national security.“We are considering an action on copper, similar to iron and steel, and auto,” said an official, quoted by Economic Times. India exported copper products worth $360 million to the US in FY25.On July 30, US President Donald Trump issued a presidential proclamation imposing the tariff, which came into effect on August 1.According to the July 30 White House executive order, copper imports into the United States are at levels that could compromise US national security. “All imports of semi-finished copper products and intensive copper derivative products…shall be subject to a 50 per cent tariff. This tariff shall be effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on August 1, 2025, and shall continue in effect, unless such action is expressly reduced, modified, or terminated,” it had said, justifying the tariffs.Earlier in May, India had suggested retaliatory duties on select American goods under WTO guidelines, responding to US tariffs on steel, aluminium, and auto parts implemented under safeguard measures. The US had declined India’s consultation requests regarding these tariffs.





Source link

Most Popular Articles