Imports News - Latest Updates & Headlines
Trump aides prep new tariffs on imports worth trillions for 'Liberation Day'
Washington, DC, March 20: White House officials are preparing to impose sweeping new tariffs on most imports by April 2, escalating US President Donald Trump's ongoing trade war with an unprecedented move that he has called it "Liberation Day," the Washington Post reported.
S. Korea probing suspected dumping of hot-rolled steel, optical fibre from China
Seoul, March 20: The South Korean government has launched a probe into suspected dumping of hot-rolled carbon steel and optical fibre products from China and Japan, the industry ministry said on Thursday.
PHDCCI seeks zero duty on import of gold ore concentrate to boost local industry
New Delhi, March 19: The PHD Chamber of Commerce and Industry (PHDCCI) has urged Finance Minister Nirmala Sitharaman to grant permanent zero-rated import duty on gold ore concentrate, aligning it with copper ore concentrate as this would help boost India's gold ore concentrate processing industry and create more jobs in the country.
Govt proposes 12 pc safeguard duty to protect steel industry from dumping cheap imports
New Delhi, March 19: India's Directorate General of Trade Remedies (DGTR) has recommended a 12 per cent safeguard duty on some steel products to protect the country's domestic industry from a surge in dumping of cheap imports from countries like China, South Korea and Vietnam, due to the sharp increase in US tariffs announced by the Donald Trump administration.
S. Korea to prevent circumvention of antidumping duties on steel imports
Seoul, March 19: South Korea will take measures to prevent the circumvention of antidumping duties on imported steel products as part of efforts to protect the local steel industry amid heightened global trade barriers, the industry ministry said on Wednesday.
India's imports of solar cells and modules declined by 20% and 57% in first eight months of 2024-25: Report
New Delhi, March 18: Several factors, including the expansion of domestic manufacturing capacity and the government's proactive measures, have over the past years contributed to a positive change in India's overall solar landscape.
PLI scheme for speciality steel expected to attract Rs 27,106 crore investment
New Delhi, March 18: The Centre's Production Linked Incentive (PLI) Scheme to promote the manufacturing of speciality steel is anticipated to attract an additional investment of Rs 27,106 crore with downstream capacity creation of around 25 million tonnes, the Parliament was informed on Tuesday.
India reviewing impact of US tariffs, ensuring trade stability: Minister
New Delhi, March 17: The Indian government is closely analysing the impact of the 25 per cent tariff imposed by the United States on steel and aluminium imports, the Parliament was informed on Monday.
India's trade deficit dips to 3-year low of $14.05 billion in February
New Delhi, March 17: India's merchandise trade deficit narrowed to an over 3-year low at $14.05 billion in February from $22.99 billion in January as exports held steady during the month while imports declined, according to the latest data compiled by the Ministry of Commerce and Industry.
India's paper industry poised to recover in 2025-26: Report
Mumbai, March 17: The Indian paper industry is poised for a gradual turnaround despite the acute margin pressures that it has been facing due to rising imports and raw material costs in FY24 and the first 9 months of FY25, according to a report by CareEdge Ratings released on Monday.
Israel ensures proper egg supply for passover holiday
Jerusalem, March 17: Israel's Ministry of Agriculture and Food Security is working to ensure the supply of eggs in the country for the upcoming Passover holiday, declaring, "supply of eggs for Passover will continue as usual."
EU announces countermeasures in response to US tariffs on steel, aluminium products
Brussels, March 13: The European Commission has announced it would launch "swift and proportionate countermeasures" on US imports into the European Union in response to the tariffs imposed by the US on EU steel and aluminium imports."
Canada hits back with tariffs on USD 29.8 billion worth of US goods
Ottawa, March 12: In response to US President Donald Trump's decision to impose tariffs on Canadian steel and aluminium on Wednesday morning, Canada's federal government hits back with tariffs on USD 29.8 billion worth of American goods effective March 13 morning, CBC News reported.
India's trade deficit likely narrowed to USD 21.5 Bln in February from USD 23 Bln in January: UBI Report
New Delhi, March 12: India's trade deficit likely narrowed to USD 21.5 billion in February, down from USD 23 billion in January, according to a report by Union Bank of India.
US stock markets decline as Trump announces retaliatory tariffs on Canadian steel and aluminum
Washington, DC, March 11: The U.S. stock markets continued to decline on Tuesday after President Donald Trump announced additional tariffs on steel and aluminum imports from Canada.
Trump doubles tariff on imports from Canada
Washington, March 11: US President Donald Trump on Tuesday escalated the trade war with Canada by doubling the tariff on steel and aluminum imports from that country.
India saves $5.43 billion forex as coal imports dip due to rising local production
New Delhi, March 11: Coal imports to the country during April-December period of the current financial year declined by 8.4 per cent to 183.42 million tonnes (MT) -- from 200.19 MT in the same period of previous financial year due to the increase in domestic production, according to an official statement issued on Tuesday.
Government extends free import policy for Yellow Peas for 3 months and Urad for 1 year
New Delhi, March 11: The Indian government has extended the free import policy for Yellow peas and Urad, making it easier for traders to bring these pulses into the country.
Israel sees 16.8 per cent drop Year-to-Year in February vehicle imports
Tel Aviv, March 11: In February 2025, vehicle imports to Israel totaled 13,312 vehicles (private) compared to 15,998 in February 2024, a decrease of 16.8 per cent. Imports of commercial vehicles amounted to 737 vehicles compared to 867 in February 2024, a decrease of 15 per cent.
Safeguard duties would boost margins of Indian steel firms: Nomura
Mumbai, March 7: Any steps to safeguard India's steel industry would boost prices and increase the margins of domestic manufacturers, Nomura Research said in a report on Friday as the domestic industry has urged the government to clamp down on the flow of cheap imports flowing into the country.
South Korea reaffirms effective tariff rate on US imports remains close to zero
Seoul, March 5: The South Korean government on Wednesday reaffirmed the country's average tariff rate on US imports stands at less than 1 per cent under its bilateral free trade agreement (FTA) with the United States, with the rate scheduled to drop further this year.
India puts restrictions on platinum alloy imports
New Delhi, March 5: India on Wednesday imposed import restrictions on platinum alloys with purity less than 99 per cent, apparently aimed at curbing unfair trade of the precious metal.
Trump targets India's import duties in speech to joint session of Congress
Washington, DC, March 5: US President Donald Trump targeted India's import duties in speech to a joint session of Congress on Tuesday (local time). He also spoke about the tariffs imposed by the European Union, China, Brazil and Mexico and announced that the US will impose tariffs on other nations based on what they do to the US.
China hits back on Trump's new tariffs; levies duty on food, other US imports
Beijing, March 4: China on Tuesday said it is imposing tariffs as much as 15 per cent on a range of food imports from the United States as Donald Trump-imposed latest tariffs came into force today.
Trump orders national security impact probe on lumber imports
Washington, March 2: US President Donald Trump has signed an executive order to launch an investigation into the impact of lumber and timber imports on America's national security, a move that could lead to a new tariff imposition.
Trump slaps additional 10 pc tariff on imports from China
Washington, Feb 28: President Donald Trump on Thursday announced an additional 10 per cent tariff on imports from China, saying Fentanyl, a synthetic opioid, is still flowing in the US.
China urges US to withdraw probe into copper imports
Beijing, Feb 27: China's Ministry of Commerce on Thursday urged the United States to withdraw its Section 232 probe into copper imports as soon as possible, stating that its so-called accusation that China uses subsidies and excess capacity to undermine competition is entirely unfounded.
Donald Trump orders investigation into possible tariffs on copper
Washington, Feb 26: US President Donald Trump has signed an executive order to investigate how copper imports threaten America's national security and economic stability, in a move that could lead to the imposition of new tariffs on the metal used to produce aircraft, vehicles, ships and other military hardware.
Tata Steel expects govt to clamp anti-dumping duty on cheap steel imports
Mumbai, Feb 21: Tata Steel CEO and Managing Director T.V. Narendran on Friday said the government is considering the steel industry's request for the imposition of anti-dumping duties very seriously as cheap Chinese imports are flooding the Indian market and the situation looks even grimmer in the wake of a possible hike in US tariffs.
In a first, India exports pomegranates to Australia via sea
New Delhi, Feb 17: India has successfully completed the first-ever commercial trial shipments of premium Sangola and Bhagwa pomegranates to Australia via sea, marking a major breakthrough for exports of fresh farm produce from the country, the Commerce and Industry Ministry said on Monday.
If imposed, safeguard duty on steel imports will have limited impact on domestic industry: Report
New Delhi, February 17: If the Indian government imposes safeguard duties on steel imports it will have a limited impact on the domestic steel Industry, says a report by HDFC Securities.
India auto component industry, with its small market share, may not face brunt of US reciprocal tariffs: Report
New Delhi, February 17: India's auto component industry is expected to face only a limited impact from the potential reciprocal tariffs proposed by US President Donald Trump on auto industry, according to a report by Nomura.
South Korea's imports of fruits hit new record amid climate change
Seoul, Feb 16: South Korea's imports of fresh fruits hit a record high last year, data showed on Sunday, amid poor harvests caused by climate change and rising demand.
Trump's Presidency expected to bring good news for oil market: Vanda Insights
New Delhi, February 14: In agreement with petroleum minister Hardeep Puri's observation that the "Trump presidency is good news for oil", Vandana Hari of Singapore-based Vanda Insights asserted that the year 2025 will be calmer for the oil sector.
India Energy Week 2025: Petronet LNG expands infrastructure to strengthen India's energy security
New Delhi, February 14: Petronet LNG Limited is actively importing liquefied natural gas (LNG) to meet India's growing energy demands, the company's managing director and CEO Akshay Kumar Singh said.
US to prioritise defence, energy sales to India: White House
Washington, Feb 13: The US will seek to prioritise and boost defence and energy sales to India, senior White House officials said Thursday previewing a meeting later in the day between President Donald Trump and Prime Minister Narendra Modi.
India's trade deficit likely to narrow to USD 20.88 bn in Jan from USD 21.94 bn in Dec: Union Bank of India
New Delhi, February 13: India's merchandise trade deficit is expected to have narrowed to USD 20.88 billion in January 2025, down from USD 21.94 billion in December 2024, according to a report by Union Bank of India.
Philippines bans German animal product imports amid threat of foot-and-mouth disease
Manila, Feb 12: The Philippines has issued a temporary ban on the importation of animal products from Germany amid a recent outbreak of Foot-and-Mouth Disease (FMD) in the European country, local media reported on Wednesday.
India's natural gas consumption to increase nearly 60% by 2030, forecasts IEA
New Delhi, February 12: India's natural gas consumption is forecast to increase by nearly 60 per cent by 2030, driven by robust growth in city gas distribution, industrial demand, and power generation, International Energy Agency said in its 'India Gas Market Report - Outlook to 2030'.
No there's no such expectation...': Hardeep Puri on oil purchases from Russia
New Delhi, February 11: Speaking at the India Energy Week 2025, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday stated that there are "no expectations" that oil purchases from Russia will decrease as India is open to energy imports from all sources at the lowest rates.