The US has hinted at removing the additional 25% tariff on India after New Delhi sharply cut Russian oil imports. Treasury Secretary Scott Bessent said Indias purchases have collapsed, calling the tariffs a success. Imports fell about 30% year-on-year in early January. India maintains its strategic autonomy even as Washington weighs tougher trade measures.
India and the European Union are nearing a free trade agreement that could slash import duties on automobiles, including electric vehicles, to 10-15%. This move is anticipated to boost European luxury EV sales in India and position the country as a competitive manufacturing hub for these vehicles.
Winter weather can upend even the best-laid travel plans, but one less thing to worry about is losing money if your flight is canceled: U.S. airlines are required to provide refunds.
President Donald Trump on Saturday threatened to impose a 100% tariff on goods imported from Canada if Americas northern neighbor went ahead with its China trade deal.
