India has proposed levies on some US goods in response to Washington’s duties on steel and aluminum, marking its first retaliation against President Donald Trump’s tariff regime, even as the two countries move closer to finalizing a trade deal.

The Trump administration has made moves to ease tariff tensions with China, but the situation remains uncertain in the longterm.

the U.S. would cut the "de minimis" tariff on China shipments to 54% from 120%, with a flat fee of $100 to remain starting from May 14.

Greer said the U.S.-China agreement reached over the weekend lowered the 145% U.S. duties imposed on China to 10% for 90 days, while keeping in place the full 20% duties related to fentanyl entering ...