The United States has rejected India's request for consultations at the World Trade Organization (WTO) regarding Washington's 50% tariffs on copper and copper derivative products, arguing that the tariffs are not safeguard measures, as claimed by New Delhi.
According to The Economic Times, the US told the WTO that there is "no basis" for India to seek consultations. Earlier this month, India had initiated the request under the WTO Agreement on Safeguards.
This marks the third instance of India seeking WTO consultations with the US and Washington refusing, following previous disputes over steel and aluminium, and automobiles and auto components.
The US imposed a 50% tariff on the copper input value of semi-finished and derivative copper imports beginning August 1, under Section 232 of the Trade Expansion Act of 1962. The measure is set to apply indefinitely.
Source: Trading Economics
US President Donald Trump said Washington is willing to provide security assistance to Ukraine as part of a deal to end the war with Russia. He emphasized that security support is a crucial factor in ...
President Donald Trump has threatened to impose an additional 5% tariff on imports from Mexico if the country does not immediately release water supplies that the U.S. government says are due under a ...
President Donald Trump announced an $11 billion aid package for American farmers, particularly soybean farmers, who have been hit by the trade war and falling crop prices. Tariffs against many countri...
US President Donald Trump expressed disappointment with Ukrainian President Volodymyr Zelenskiy's response to Washington's peace proposal to end the war with Russia. According to Trump, Kyiv hasn't mo...
President Donald Trump announced a new peace pact between Rwanda and the Democratic Republic of Congo, which he linked to US access to critical minerals. At a meeting in Washington, Trump claimed his ...
European stocks opened generally higher on Wednesday (December 17th) as investors prepared for central bank decisions. Central bank action will be closely monitored by European market participants this week, with the European Central Bank (ECB)...
Silver prices posted strong gains on Wednesday (December 17th). This surge was driven by rising industrial demand, particularly in the solar energy, electric vehicle, and data center sectors, as well as strong investment demand amid expectations of...
The US dollar strengthened slightly and US Treasury bonds pared earlier gains after disappointing US jobs data proved insufficient to convince the market that the Fed would soon cut interest rates again. The dollar strengthened against G10...
New York Federal Reserve President John Williams said on Monday the U.S. central bank's interest rate cut last week leaves it in a good position to...
Stocks rose Monday led by a broad array of names as traders bet data set for release this week will point to tame inflation and strong economic...
Asian markets opened lower in the last full trading week of 2025, fueled by concerns about the prospects for tech company profits and growing AI...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10%...