India-US trade deal: Why Indian importers are delaying customs clearance of American dry fruit; ‘opting to pay penalty because…’
Tuesday, 15 July 2025 () As India and the US negotiate a trade agreement before US President Trump's tariff deadline, Indian dry fruit importers are delaying customs clearances for US walnuts and almonds. Anticipating a significant reduction in import duties, potentially around 50%, importers are willing to pay penalties for delayed clearance to avoid financial losses if duties decrease after goods are cleared at current rates.
The geopolitical stage is set for a major confrontation as the BRICS alliance prepares for its 2025 summit in Brazil. The bloc, which will include ten member nations, is openly challenging the..
In a major breakthrough just days before the July 9 deadline, Pakistan and the United States have reached an understanding on a crucial trade and tariff agreement. Led by Commerce Secretary Jawad Paal,..
Canada has officially scrapped its controversial 3% Digital Services Tax after former U.S. President Donald Trump halted all trade talks and threatened new tariffs. The tax, set to target tech giants..