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India decided to increase duties regarding 28 items from the United States from June 16. It will cost American companies about 200 - 300 million dollars, experts calculated. India, the volume of duty-free shipments of which to the United States reached $5.5 billion in 2017, has lost the benefits granted to a number of countries under the Generalized System of Preferences since June 5. Analysts believe that the introduction of duties on US imports has become the Indian response, both to these actions by the United States and to the increase in duties on steel supplies by 25% and aluminum by 10%. The American leadership is making claims to India in connection with the high tariffs in the country that limit access to its market. Trade barriers created in India, according to the US, have caused a huge trade deficit with India, reaching $27.3 billion in 2017.
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
On Thursday, United Airlines' (UAL.O) and its pilots' union said that they had reached an agreement on two different resolutions to reduce involuntary furloughs in August. The company said that it would keep pilots ready once the global travel ...
On Monday, United Airlines (UAL.O) announced that it would continue adding more flights for international routes in September. The airline company plans to reintroduce flights that were canceled due to coronavirus pandemic. United Airlines ...
The U.S. Chamber of Commerce on Thursday urged China to increase its purchases of U.S. goods and services as agreed under a Phase 1 trade deal despite delays caused by the COVID-19 pandemic. The Chamber said the pandemic had clearly slowed ...
The longest expansion in U.S. history ended in February with the economy falling into a deep recession as the coronavirus pandemic triggered the shutdown of businesses across the country. The National Bureau of Economic Research (NBER), the ...
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