American President Donald Trump has announced imposing reciprocal tariffs on its major trading partners including China that levy higher import duties on goods shipped from the United States. He has already announced a 25 per cent duty on steel and aluminium imports, which will come into effect from March 12.
India and the US have mutually resolved all six trade disputes pending at the World Trade Organisation (WTO), in line with the commitment made by the two countries during the US visit of Prime Minister Narendra Modi last month, an official said. The official said that both countries have informed the WTO's dispute settlement body (DSB) about the resolution of all the pending disputes. The WTO has already issued a communication with regard to one of the disputes related to the imposition of additional customs duties by India on 28 US products.
Delhi is staring at a water crisis amid the rising heat, with the water levels at the Wazirabad pond depleting alarmingly due to less flow in the Yamuna, officials said.
Proposals involving Himachal Pradesh and Uttar Pradesh were being pursued since 2019.
After Muneer's release, Pakistan did not respond to extradition requests by the Indian government.
The WTO dispute panel had its last hearing in early May.
While an official in the Commerce Department indicated a trade war was in the offing, till now the government has been in wait-and-watch mode.
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