US slashes proposed tariff on Sri Lankan imports to 30%
United States has revised its proposed tariff on imports from Sri Lanka, reducing it from the initially threatened 44% to 30%, effective 1st of next month. The decision is part…
President Trump says US shifting Africa policy ‘from aid to trade’
US President Donald Trump met with leaders from five African nations, noting the United States is shifting its policy toward the continent “from aid to trade”. Meeting with the leaders…
Sri Lankan President orders urgent customs reforms to clear e-commerce parcel backlog
Sri Lankan President Anura Kumara Dissanayake has directed the Customs authorities to urgently resolve the backlog of international e-commerce parcels, following growing delays in the clearance of shipments from platforms…
India Sets $20 Billion Trade Target with Brazil; PM Modi Conferred Top Civilian Honour
AMN / WEB DESK Prime Minister Narendra Modi has set a target to scale up bilateral trade with Brazil from the existing 12.2 billion to 20 billion dollars in the…
Trump Imposes 35% tariff on Bangladeshi products, Dhaka hopes for revisions
Zakir Hossain From Dhaka US President Donald Trump has imposed a 35% tariff on Bangladeshi imports, citing a “longstanding and very persistent” trade deficit. In a letter sent to Chief…
Oil prices retreat after climbing almost 2%
Crude oil prices retreated today, after climbing almost 2 per cent in the previous session. Brent Crude was trading nearly flat at 69 dollars and 57 cents per barrel, and…
US President Donald Trump signs tariff letters to 12 countries
US President Donald Trump has signed tariff letters on exports from 12 countries, which are expected to be sent out tomorrow. Speaking to the media, US President said the names…
India exports toys to 153 countries: Piyush Goyal
Minister of Commerce and Industry Piyush Goyal said that India is exporting toys to 153 countries across the world. Addressing the 16th Toy Biz International B2B Expo 2025 today in…
U.S. Drops Controversial Tax Clause in Major Shift Toward Global Consensus
R. Suryamurthy The controversial Section 899, often dubbed the “revenge tax,” has been removed from the U.S. “One Big Beautiful Bill Act.” The decision comes after a crucial understanding reached…
Trump Hints at Major India Trade Agreement as July Deadline Nears
R. Suryamurthy Hopes are high for a breakthrough in U.S.-India trade relations as Indian negotiators arrived in the United States on Friday for what’s anticipated to be the final round…