TARIFF REPEAL
Most Americans want new Democratic Congress to end Trump's Iran war, Reuters/Ipsos poll finds
A new Reuters/Ipsos poll reveals that many Americans desire Congress to end the war with Iran. Support for repealing tariffs imposed by the Trump administration is also significant among respondents. Both Democrats and Republicans expressed a need for bipartisan cooperation on addressing cost of living issues. Concerns about potential impeachment proceedings against Trump were also noted among poll participants.
The high price of being King Trump: How tariffs and war fuelled voter anger
Inflation has significantly impacted the political careers of Biden and Trump. Rising costs have led to voter discontent against both administrations in recent elections. Trump's tariff policies and military actions have contributed to increasing economic burdens on citizens. Democrats now have an opportunity to implement policies that address voter concerns about inflation and foreign conflict. Improving these areas could help position them competitively for the 2028 presidential election.
Democratic wins would shift Congress' trade debate but fall short of US tariff rollbacks
If Democrats gain control of Congress, they will challenge many of Trump's tariffs through legislation and oversight. The party aims to repeal tariffs impacting communities on both sides of the Canadian border. However, Trump's veto power will hinder their efforts to pass significant reforms. Executive actions on trade may become more prominent under the Trump administration's agenda. Overall, the evolving dynamics in Congress will shape future trade discussions and policies.
A more perfect union? Congress has been the place where America tries to resolve its problems
Congress's influence on America is profound, having enacted pivotal laws like the Bill of Rights. The Reconstruction Acts and Civil Rights legislation were crucial in promoting equality post-Civil War. Moreover, Social Security, Medicare, and Medicaid have created a safety net for many citizens. Current debates surrounding taxation and war powers still highlight its authority, while historical censure and expulsion actions have established expectations for congressional integrity.
Trump tariffs face rare setback as US House votes to block Canada duties
US House lawmakers voted Wednesday to reject Donald Trump's tariffs on Canadian goods, sweeping aside the president's last-gasp threat of election consequences for Republicans to deliver a rare rebuke on his signature economic policy. "Any Republican, in the House or the Senate, that votes against TARIFFS will seriously suffer the consequences come Election time," Trump posted on his Truth Social platform.
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10 central trade unions, barring BMS, submit 20-point demand memorandum to FM Sitharaman
In its pre-budget meeting with the finance minister Nirmala Sitharaman, the joint platform of 10 central trade unions proposed the government raise the income tax rebate for salaried class, repeal the labour codes, scrapping of the new pension scheme and the employment linked incentive scheme, among others.
Net neutrality evolving globally: Jio urges TRAI for flexible stance under 5G
Reliance Jio is asking TRAI for a flexible approach to net neutrality. They want the regulator to recognize traffic management and new technologies like 5G network slicing. Jio is already getting proposals for tariff products based on this technology. They point to global regulators in the US and UK that have adapted their net neutrality rules.
Coffee becoming a luxury? Prices up 50% since August - here's the reason
US coffee price surge 2025: Americans are paying more for their daily coffee. Prices have jumped over 50 percent since August. New US tariffs on Brazilian coffee, coupled with droughts and low stockpiles, are driving up costs. Major coffee chains and specialty brews are particularly affected. Colombia and Vietnam also face new duties. Lawmakers are now pushing to repeal these tariffs.
'Very unfair': Trump threatens EU tariffs for $3.47-billion Google antitrust fine
President Trump has expressed strong disapproval of the European Union's hefty $3.46 billion fine imposed on Google due to antitrust issues. In response, Trump threatened to initiate a Section 301 investigation into the EU's trade practices. He vowed to protect American ingenuity and counteract what he perceives as unfair penalties against U.S. companies.
First big warning for Donald Trump: Ted Cruz says tariffs could lead to a bloodbath for Republicans in midterm elections
Rising tensions within the GOP as top senators, including Ted Cruz, criticize President Trump's tariffs. Cruz warns of serious economic consequences, including increased inflation and market harm, potentially leading to Republicans losing control of Congress. Senators like Rand Paul also oppose tariffs, suggesting they burden American consumers. Legislation is being promoted to limit or repeal tariffs.
Oops! Donald Trump accidentally debunks his own tariff justification in stunning leaked call with auto CEOs; here's what he said
As global competition intensifies, particularly from China, the effectiveness of Trump’s policies in securing the future of American auto manufacturing remains deeply uncertain.
Gold hits fresh record as US recession fears stoke safe haven demand
Gold surged to a historic high, reaching $2,990.21 an ounce, driven by fears surrounding U.S. growth due to aggressive tariff policies and weak inflation data. Investors flocked to safer assets as economic concerns heightened, with expectations for further gains in the precious metal.
US to hold hearing on China's efforts to boost semiconductor industry
The investigation, initiated by former President Joe Biden in December, seeks to safeguard American and other semiconductor manufacturers from China’s extensive state-led expansion of its domestic chip supply.
Will a second Trump presidency be good for the middle class Americans or bad? Here's what it means
In the wake of Donald Trump's victory in the U.S. elections, the big question on everyone's mind is whether his second term will be beneficial or detrimental to the middle class.
CIABC seeks greater market access for alcoholic products in EU, removal of non-tariff barriers
Alcoholic beverages makers' body CIABC on Sunday sought greater market access for domestic products in the European markets and removal of non-tariff barriers to boost exports. Confederation of Indian Alcoholic Beverage Companies (CIABC) said that the EU should remove the non-tariff barriers which prevent the vast majority of Indian products from being sold in their market.
TRAI reduces audit compliance burden for LSAs, to cover max tariff offerings in audit
The new regulations on Quality of Service (Code of Practice for Metering and Billing Accuracy) Regulations, 2023, dated September 11, 2023, will result in reduction of audit burden by almost 75 per cent and enhance Ease of Doing Business (EODB), Trai said in a release on Wednesday.
Both GST and Excise duty can be imposed on tobacco: Karnataka HC
The Karnataka High Court has ruled that the Union government is entitled to levy Central GST (CGST) as well as excise duty on tobacco and tobacco-derived products.
Farmers' protest: Several roads remain closed in Delhi
Farmers from different states have been camping at various border points of Delhi for 40 days now to demand the repeal of the three farm laws enacted in September and a legal backing for the minimum support price (MSP).
On eve of talks with farmers, Narendra Tomar meets Rajnath Singh to discuss govt strategy to end deadlock
While several opposition parties and people from other walks of life have come out in support of the farmers, some farmer groups have also met Agriculture Minister Tomar over the last few weeks to extend their support for the three laws.
Every farmer-labourer part of movement a 'satyagrahi', they will take back their rights: Rahul Gandhi
The Congress has been seeking the repeal of the three new farm laws, alleging that they will ruin farming and the farmers. Congress is also supporting the farmers' agitation against the legislations.
Will have to take firm steps if talks with government on January 4 fail: Farmer unions
"If the January 4 meeting with the government fails to end the deadlock, we will announce dates for shutting all malls, petrol pumps in Haryana," farmer leader Vikas told reporters.
Govt-farmers meet remains deadlocked; common ground reached on stubble burning, power tariff
The three farm laws have been projected by the Centre as major reforms in the agriculture sector that will remove middlemen and allow farmers to sell their produce anywhere in the country.
View: Tracing the long history of Tariff Commission
TC has a hallowed history, tracing its origins to the 1921-22 Indian Fiscal Commission, of which, John Maynard Keynes was vice-president. Chapters 7 and 17 of this commission’s report set out the case for a tariff board.
Cabinet clears abolition of cesses for GST rollout, government to incur Rs 65,000-crore loss
The Centre will abolish 16 cesses and surcharges on union excise and service tax as it lays down the path for rolling out Goods and Services Tax from July.
Bill to provide more autonomy to major ports introduced in Lok Sabha
It proposes to set up Board of Port Authority for each major port, in place of the Board of Trustees. "This will empower the major ports to perform with greater efficiency on account of full autonomy in decision making and by modernising the institutional structure of major ports," the Statement of Objects and Reasons of the bill said.
Goa's increased power hike to mop up Rs 28 crore
Goa govt's recent power hike is expected to bring in an additional revenue of Rs 28 cr for the state govt, which would be invested in building up transmission.
Hynix says US chip decision to bring turnaround
The United States has decided to end punitive duties imposed on Hynix Semiconductor Inc. in 2003, a move the South Korean company says will help put it back in the black.
EU suspends liquor panel
The EU on Monday suspended its WTO panel against India, following India’s repeal of additional Customs duties on wines and spirits.
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