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        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

        Provisions expressly mentioned in the judgment/order text.

        <h1>India counters US tariffs with export diversification and firm trade negotiation stances under key trade rules</h1> The government is actively addressing the adverse effects of high US tariffs imposed on Indian goods by pursuing an export diversification strategy and leveraging existing and new free trade agreements. Trade negotiations with the US remain challenging, with India maintaining firm 'red lines,' particularly opposing US demands to open its agricultural and dairy sectors. The US has imposed a 25% tariff on most Indian goods, excluding select sectors, as a penalty linked to India's continued purchase of Russian oil. The government emphasized the enduring strategic partnership between the two countries despite current trade tensions. Additionally, India plans to raise concerns with the US about the use of US territory by a foreign military official to issue nuclear threats. Efforts continue to conclude ongoing trade negotiations with other partners, while safeguarding the interests of farmers, exporters, and MSMEs.

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        ActsIncome Tax
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