US President Donald Trump has announced that the United States will remove its 10% tariff on Irish whiskey following the conclusion of the Irish Open in Ireland.
New Delhi: India’s former Commerce Secretary G.K. Pillai on Thursday termed the tariff imposed by the United States on Indian exports over oil trade with Russia as “discriminatory”, saying it has eroded India’s trust in American leadership. Pillai noted that it is unfair to penalise only India when China, Europe, and even the US continue.
Brasilia: Brazil has rolled out a new package aimed at helping exporters hurt by a 50% tariff recently imposed by the United States. The initiative, named Sovereign Brazil, comprises about 30 billion reais (roughly 5.56 billion USD) in affordable loans, tax breaks, and other relief measures, with a particular focus on small businesses and those.
A sharp rise in US trade protectionism is placing Arab economies under mounting pressure, endangering $22 billion worth of non-oil exports, according to a policy brief released by the United Nations Economic and Social Commission for Western Asia (ESCWA).
