US Waives Tariffs on Specialty Drugs from 20 Nations Including India Under Section 232

US Waives 100% Tariff on Select Indian Speciality Drugs; 20 Nations Eligible

The US has waived 100% tariff on select speciality drugs from India and 19 other nations, benefiting Indian generic drug exports. The move is under Section 232 of the Trade Expansion Act and aims to address US health needs while encouraging domestic production.

US Enacts Lindsey O. Graham Sanctioning Russia and Iran Act; 100% Tariffs on Oil Buyers Including India

US President Donald Trump signed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 into law on September 18, 2026. The Act authorizes the US President to impose tariffs of up to 100% on major buyers of Russian oil and gas, including India and China, escalating pressure on Russia's energy revenues.

US Imposes 50% Tariffs on $20 Billion Canadian Goods; Canada Retaliates Under Section 338 of Tariff Act 1930

The US has imposed 50% tariffs on $20 billion worth of Canadian imports, invoking a rarely-used Depression-era law (Section 338, Tariff Act 1930). Canada immediately retaliated dollar-for-dollar, escalating a trade war that threatens the renewal of the USMCA trade pact. This is critical for understanding modern trade protectionism, legal instruments for tariffs, and the fragility of bilateral economic alliances.

SRIA Signed: Jaishankar Conveys India's Energy Concerns Over US Tariffs Up to 100% on Russian Oil

In the first official discussion after Trump signed the Russia Sanctions Bill (SRIA), External Affairs Minister Jaishankar met US Secretary of State Rubio in New York and reiterated India's economic and strategic concerns over potential tariffs up to 100% on Russian oil buyers. India, a major importer of Russian crude, stressed its energy security needs for its 1.4 billion people. The meeting came as both nations work on a bilateral trade deal.

US Senate Bill Authorises 100% Tariff on Top 5 Russian Oil Buyers Including India

The US Senate has passed a Bill authorising the President to impose 100% tariffs on the top five purchasers of Russian oil, directly impacting India, which became a major buyer after the Ukraine war. White House Trade Adviser Peter Navarro claims India has since reduced its Russian oil trade, but the issue remains a key point of discussion between PM Modi and President Trump.

US Imposes 50% Tariffs on $20 Bn Canadian Goods via Section 338; Canada Retaliates Dollar-for-Dollar

The US-Canada trade war escalates as Washington imposes 50% tariffs on $20 billion worth of Canadian goods under a rarely-used Depression-era law (Section 338 of the Tariff Act of 1930). Canada, led by new PM Mark Carney, vows dollar-for-dollar retaliation. This marks the first use of Section 338, after the US Supreme Court struck down earlier tariff powers under IEEPA. For exam aspirants, this is a key case study on trade law, executive power, and international economic diplomacy.

Canada-US Trade War: 50% Tariffs Hit $28B Goods, India Seeks CEPA by Year-End 2026

On August 22, 2026, the US imposed 50% tariffs on $28 billion of Canadian goods, escalating a trade war. This creates a strategic opening for India as Canada seeks to diversify non-US exports and fast-track a CEPA with India, targeting $50 billion in bilateral trade by 2030.

US Proposes 7.5% Tariff on China Under Section 301 for Excess Industrial Capacity

The US is considering a new 7.5% tariff on China under Section 301 of the Trade Act of 1974, targeting China's excess industrial capacity. This move comes after the Supreme Court struck down a broader tariff plan and signals calibrated trade pressure ahead of a planned Trump-Xi meeting.