“While important progress has been made, significant tariff and nontariff barriers to American agricultural products accessing the Indian market remain. Today’s announcement, leading into President Biden’s participation in the G20 leaders’ summit in New Delhi, follows the lifting of India’s retaliatory tariffs on U.S. apples, chickpeas, lentils, almonds and walnuts, a development that had been … Read More

For the past 50 years, the United States has provided economic assistance to dozens of countries. Central to this effort has been “trade liberalization” — the idea that the United States can help developing countries by importing more of their goods. Its proponents call this “trade, not aid.” But in reality, these efforts have failed … Read More

The United States is not going to cancel its additional tariffs imposed on Chinese goods despite Beijing’s call for their removal at recent top-level bilateral meetings in Beijing, but may try to make them more “strategic” after a review. “We are not going to sell the most sophisticated American chips to China that they want … Read More

The import tariff exclusions include industrial components such as pumps and electric motors, some car parts and chemicals, bicycles and vacuum cleaners. The COVID-related exclusions include medical products like face masks, examination gloves and hand sanitizing wipes. Read the article.

The decree focuses on the implementation of temporary import duties ranging between 5% and 25% on goods classified in 392 tariff items covering steel, aluminum, bamboo, rubber, chemical products, oils, soap, paper, cardboard, ceramic products, glass, electrical material, musical instruments, and furniture. These temporary duties are applicable as of 16 August 2023 and until 31 … Read More

The government has finally prepared a national tariff policy to boost trade competitiveness and enhance consumer welfare. Titled ‘National Tariff Policy 2023’, it is the first-ever tariff policy of the country, which is expected to remove the anomalies in the existing tariff structure and highlight the country’s trade-related priorities. The policy has also set a … Read More