Arora noted that trade wars are prolonged battles, not resolved overnight but shaped by continuous negotiations
U.S. President Donald Trump has made numerous tariff threats since returning to office on January 20, ranging from a universal duty on imports to targeted tariffs on specific sectors or countries, in a bid to get others to meet his policy demands. Trump on March 1 ordered a new trade investigation that could heap more tariffs on imported lumber, adding to existing duties on Canadian softwood lumber and 25% tariffs on all Canadian and Mexican goods. A White House fact sheet said the order calls for new or updated agency guidance to facilitate increased timber production, including quicker approvals for forestry projects under the Endangered Species Act. "If there's one thing that we've learned from the threat of President Trump's tariffs is our relationship with the United States has changed forever,” Canadian Forests Minister for British Columbia, Ravi Parmar, said in an interview on Wednesday (March 12). Parmar explained that Canada’s market share will decline, and the U.S. supply ‘hasn’t technically increased’, while Russian lumber will now enter the U.S. market with ‘zero penalties’. "This tariff, this tax, is really a tax on middle class Americans. Middle class Americans who just want to build homes in their communities, and middle class Americans who at a time in their dealing with wildfires, floods and hurricanes, are going to have to pay more, in some cases 20 to 30 to 40% more just to build their home or rebuild their home." said Parmar.
Trump, who is working from his Mar-a-Lago estate in Florida this weekend, said on Friday that there was little that the top three U.S. trading partners could do to forestall the tariffs.
Last year, Hindalco along with Raviraj Foils and Jindal India filed an application on behalf of the domestic industry seeking continuation of anti-dumping duties on aluminium foil imports from China
The move has been contemplated for months, said the people, who asked not to be identified discussing internal deliberations
JSW Energy expects merchant power rates to remain strong in south market after the state government restructured tariff structure in various states. The JSW Group firm generates almost a third of its total sales from the merchant market and hence will be largely benefitted with this development.