Rush Hour: Centre examining impact of US tariffs, SC bans firecrackers in Delhi-NCR and more

Rigged rankings, fake assessments – is your degree at risk? Fund our special project: India’s Great Education Betrayal

The Union Ministry of Commerce and Industry has said it is examining the implications of the reciprocal tariffs announced by the United States. The US imposed tariffs ranging from 10% to 50% on imports from several countries, including a 26% levy on India. They will take effect on April 9.

US President Donald Trump claimed that India’s tariffs on US goods were unfair and that his administration had pushed for reductions. The Centre said it is consulting stakeholders to explore potential opportunities “that may arise due to this new development”.

India’s tariff rate is lower than that imposed on other countries such as China (34%) and Vietnam (46%). The Centre emphasised that discussions were underway to expedite a multi-sectoral bilateral trade agreement with the US.

Trump said the tariffs would rebalance trade and boost American industry but his decision has led to concerns about a global trade war. Read on.

A history lesson for Trump on how things went the last time the US slapped tariffs on imports

The Supreme Court has imposed a year-long ban on the manufacture, sale, storage and use of firecrackers in Delhi and the National Capital...

Read more