US slaps 26% tariff on India, lower than Asian peers

US slaps 26% tariff on India, lower than Asian peers

ByFarhan Hameed Qaiser

The U.S. slapped a 26% tariff on imports from India in a setback to the South Asian nation’s expectation of getting relief from President Donald Trump’s global trade policy that has unnerved world markets for weeks. A baseline 10% baseline tariff starts on Saturday before the remaining, higher reciprocal tariff takes effect from April 9. “They (India)…

Europe to lose up to 30% of gas import from Russia after Ukrainian transit stops

Europe to lose up to 30% of gas import from Russia after Ukrainian transit stops

ByFarhan Hameed Qaiser

Without the Ukrainian route, Russia’s gas traffic to the EU will slump to 39 billion cubic meters per year, Alexey Bobrovsky, the director of the Institute for the Study of World Markets, predicts On the morning of January 1, the transit of Russian gas to Europe through Ukraine was completely stopped due to Kiev’s refusal…