Kolkata: Jewellery exporting units in Mumbai’s Santacruz Electronics Export Processing Zone (SEEPZ) have urged the government to allow them to manufacture jewellery for the domestic market given the US reciprocal tariff will come into effect April 2. SEEPZ exports jewellery worth ₹28,000 crore annually, of which 85% is shipped to the US. “The government has…
Gold went up in the physical market by Rs 1,048 per 10 gm on Monday to Rs 87,891 per 10 gm in the physical market from a closing price of Rs 86,843 on Thursday, a rise of 1.2 per cent. The gold market was closed on Friday due to Holi. Families, which have weddings in…
Tariffs imposed by the Trump administration will not eject fast-fashion juggernaut Shein from the US market, its executive chairman Donald Tang has told AFP. The head of the online platform, which has come in for scrutiny over its environmental footprint and allegations of human rights violations, also insisted that the company does not use forced…
Canada has filed a complaint with the World Trade Organisation against the 25% tariffs imposed by the United States. This came a day after China’s move to approach the global trade platform after Donald Trump increased previously imposed 10% levies to 20% on its goods.“Canada initiated dispute proceedings yesterday against the US at the WTO…
TOI correspondent from Washington: Americans are bracing to cough up higher prices for food, cars, electronics, home appliances, toys, and footwear among a host of other products after US President Donald Trump, while presenting himself as a peacemaker between Russia and Ukraine, plunged the country into a trade war, with punitive tariffs on imports from…
Mexico President Claudia Sheinbaum on Tuesday announced retaliatory tariffs against US’s “unilateral decision” to impose 25% tariffs on its goods.“I want to make it clear today that we will always seek a negotiated solution as we have proposed within the framework of respect for our sovereignty,” Sheinbaum said.“But the unilateral decision taken by the United…
