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GTRI Challenges U.S. Tariffs on Indian Exports, Citing Lack of Evidence

GTRI Challenges U.S. Tariffs on Indian Exports, Citing Lack of Evidence

The Global Trade Research Initiative (GTRI) has raised concerns over the U.S. imposing a 10% tariff on Indian exports under Section 301. The U.S. claims the tariffs are in response to India's failure to prohibit forced labor effectively. However, GTRI argues that the U.S. has not provided credible evidence to justify these tariffs. The tariffs were initially proposed at 12.5% but were reduced following India's ban on imports made with forced labor. GTRI suggests that the tariffs are more about maintaining U.S. trade barriers than addressing forced labor issues.
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US Tariff on India Presents Unique Trade Opportunities

US Tariff on India Presents Unique Trade Opportunities

US Tariff on India Presents Unique Trade Opportunities
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Trump to impose 'forced labor' duties on Friday as temporary 10% US tariffs expire

Trump to impose 'forced labor' duties on Friday as temporary 10% US tariffs expire

By David Lawder July 23 (Reuters) - The Trump administration on Friday will impose new tariffs of 10% and 12.5% on goods from 60 trading partners, including the European Union, over allegations of lax enforcement of forced labor bans, just as a temporary 10% global tariff expires.
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Trump imposes forced labor duties on 60 trading partners as  10% US tariffs expire

Trump imposes forced labor duties on 60 trading partners as  10% US tariffs expire

By David Lawder WASHINGTON, July 24 (Reuters) - The Trump administration on Friday imposed new tariffs of 10% and 12.5% on goods from 60 trading partners, including the European Union and China, over allegations of lax enforcement of forced labor bans, just as a temporary 10% global tariff expired.
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What to know about Trump's latest tariffs

What to know about Trump's latest tariffs

President Donald Trump keeps finding ways to maintain a wall of tariffs around the American economy
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US Tariff on India: Implications for Export Strategy

US Tariff on India: Implications for Export Strategy

US Tariff on India: Implications for Export Strategy
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Trump imposes double-digit tariffs on dozens of countries as his 10% levies are set to expire Friday

Trump imposes double-digit tariffs on dozens of countries as his 10% levies are set to expire Friday

President Donald Trump is going ahead with new double-digit tariffs on dozens of U.S. trading partners just as the clock runs out Friday on stopgap levies he imposed after a stinging defeat at the Supreme Court
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India-US Interim Trade Deal Nears Completion Amid High-Level Talks

India-US Interim Trade Deal Nears Completion Amid High-Level Talks

India and the United States are close to finalizing an interim trade agreement, following discussions between India's External Affairs Minister Dr. S. Jaishankar and US Secretary of State Marco Rubio in Manila. The talks, held on the sidelines of ASEAN and East Asia meetings, focused on trade, tariffs, energy cooperation, and defense. Both sides emphasized the strategic nature of their partnership and the importance of concluding the trade deal. The US has proposed changes to its pharmaceutical tariff policy, which could impact India's generic medicine exports. Despite potential challenges, both nations are committed to strengthening ties across various sectors.
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US-India Trade Agreement Nears Completion, Expected in 3-4 Months

US-India Trade Agreement Nears Completion, Expected in 3-4 Months

A trade agreement between the U.S. and India is nearing completion, with expectations for a signing within the next three to four months. The negotiations are almost finalized, pending the resolution of U.S. trade investigations into unfair practices. These investigations could lead to retaliatory measures if unresolved. The agreement aims to enhance market access and strengthen economic ties between the two nations, potentially benefiting various sectors by reducing trade barriers and fostering economic collaboration.
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Iran's demands over the Strait of Hormuz would set a dangerous precedent, Rubio tells ASEAN leaders

Iran's demands over the Strait of Hormuz would set a dangerous precedent, Rubio tells ASEAN leaders

Secretary of State Marco Rubio has warned that Iran's demand to control the Strait of Hormuz threatens the global economy and freedom of navigation
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Generic drugmaker Sandoz to engage with US after Trump tariff threat

Generic drugmaker Sandoz to engage with US after Trump tariff threat

By Marleen Kaesebier ZURICH, July 22 (Reuters) - Swiss generic drugmaker Sandoz said on Wednesday it would continue discussions with policymakers after U.S. President Donald Trump threatened the industry with steep tariffs unless drugmakers manufacture medicines domestically.
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President Trump Proposes Tariffs on Generic Pharmaceuticals to Reshore Production

President Trump Proposes Tariffs on Generic Pharmaceuticals to Reshore Production

President Trump has announced a proposal to impose 100% tariffs on generic pharmaceuticals starting in 2028, with plans to increase the tariffs to 200% thereafter. The initiative aims to encourage the reshoring of generic drug production to the United States. This move is part of a broader strategy to reduce dependency on foreign pharmaceutical imports, particularly from countries like India, which currently supplies nearly half of the generic medicines consumed in the U.S. The proposal is expected to have significant implications for the pharmaceutical industry, potentially affecting drug prices and availability.