Alerts & Updates 18th Aug 2025

Trade Update – August 18, 2025

Authors

Ambarish SathianathanPartner | Mumbai

Parthsarathi JhaPartner | New Delhi | Noida

Sanjay NotaniPartner | Mumbai

Prashant SharmaConsultant | Mumbai

Harika BakarajuAssociate Partner | Mumbai

Naghm GheiAssociate Partner | Noida

Shrinkhla GuptaPrincipal Associate | Delhi NCR

Divyashree SuriSenior Associate | Delhi NCR

Aishani PachauriAssociate | Delhi NCR

Sarthak YadavAssociate | Delhi NCR

Shantanu SinghAssociate | Mumbai

Shyam MatanheliaAssociate | Delhi NCR

Kunal JigyasiAdvocate | Delhi NCR

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Key Trade Remedial Updates

Subject Countries	Product	Investigation (AD – Anti-dumping, CVD – Countervailing, Safeguard, etc.)	Particulars
India – Directorate General of Trade Remedies
Global	Non-Alloy and Alloy Steel Flat Products	Safeguard	Final Findings – OI
Vietnam	Hot rolled flat products of alloy or non-alloy steel	AD	Final Findings – OI
China PR, Indonesia, Japan, Korea RP, Taiwan, Thailand and the United States of America	PVC Suspension Resins	AD	Final Findings – OI
China	Untreated Fumed Silica	Anti-absorption review	Final Findings – OI
United States – Department of Commerce (DOC) and International Trade Commission (ITC)
India	Oleoresin Paprika	AD	Preliminary Determination – ITC
India	Oleoresin Paprika	CVD	Preliminary Determination – ITC
India	Freight Rail Couplers and Parts Thereof	AD	Initiation – DOC
India	Freight Rail Couplers and Parts Thereof	CVD	Initiation – DOC
India and the Republic of Türkiye	Quartz Surface Products	CVD	Final Results – SSR – DOC
European Union
India and People’s Republic of China	Barium Carbonate	AD	Commission Implementing Regulation

WTO/FTAs

Brazil requests WTO for dispute consultations with US on tariffs, news report suggests

China files WTO complaint against Canada’s steel import restrictions, news report suggests

India’s trade negotiators to strategize for WTO this month, news report suggests

Indian government should flag EU’s Deforestation Regulation as non-tariff barrier at the WTO, Parliamentary panel says, news report suggests

British Parliament likely to approve India-UK free trade agreement in next nine months, news report suggests

50% US tariffs cast a shadow over India-US bilateral trade agreement negotiations, news report suggests

India concludes FTA talks with Oman, speeds up talks with the EU in bid to diversify export basket, news report suggests

Karnataka poised to benefit from India-UK FTA in IT & digital services, say UK trade officials, news report suggests

India working to fast-track FTAs amid higher US tariffs, news report suggests

India urges UK to fast-track implementation process of India-UK free trade agreement, news report suggests

India and ASEAN grouping to hold next round of FTA review in October, news report suggests

Mahindra plans to export electric vehicles to the UK with trade agreement in place, news report suggests
Trade Policy

The U.S.

US President Donald Trump has signed an executive order extending the China tariff deadline for another 90 days

Increasing revenues flowing into US government coffers from tariffs would make it difficult for the Supreme Court to rule against the Trump administration on the issue if a lower court case makes its way to country’s top court, US Treasury Secretary Scott Bessent, news report suggests

US administration is proposing nearly $1 billion in funding to speed the development of US critical minerals and materials, news report suggests

The announcement by US President Donald Trump’s administration of the results of a probe into pharmaceutical imports and new sector-specific US tariffs likely remains weeks away, news report suggests

US President Donald Trump said on Friday he would announce tariffs on imports of steel and semiconductor chips in coming weeks, news report suggests

US Commerce Department widened the reach of its 50% tariffs on steel and aluminum imports by adding hundreds of derivative products to the list of goods subject to the levies, news report suggests

India

The Indian Finance Ministry’s expenditure finance committee will soon discuss the Commerce and Industry Ministry’s proposal to set up a ₹2,250 crore export promotion mission, news report suggests

Parliamentary standing committee recommends Indian Government should flag the EU’s anti Deforestation Regulation at the WTO, as it is a form of non-tariff barrier and the effects of Free Trade Agreements on the spice trade need to be reviewed, news reports suggests

A combination of different factors, including demand, quality, and contractual arrangements, would determine the impact of US President Donald Trump tariffs on India’s exports, news report suggests
Indian Customs and allied agencies

DGFT issues Notification prohibiting imports of certain Jute products from land ports

CBIC issues Customs Notification fixing tariff values for imports of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
National Security, Sanctions and Export Control

US Department of State designates Balochistan Liberation Army and alias as Foreign Terrorist Organization

US OFAC re-designates cryptocurrency exchange Garantex Europe for facilitating transactions listed to illicit activities since 2019

US OFAC designates two Mexican cartels and affiliates linked to terrorism, drug trafficking, and extortion in Mexico’s agricultural sector

US OFAC sanctions four Mexican individuals and 13 Mexican companies linked to timeshare fraud

US OFAC issues Russia-related General License 125 authorising certain transactions relating to meetings between the US and Russia in Alaska

US OFAC imposes sanctions on entities linked to armed group violence and the sale of critical minerals in the Democratic Republic of the Congo

US President Donald Trump says no imminent plans to penalize China for buying Russian oil, news report suggests

Brazil lawmaker Eduardo Bolsonaro meets US Treasury chief amid push for more sanctions, news report suggests

US set to impose visa restrictions on officials, alleging ties to Cuban labor program, news report suggests

US to consider sanctions on Rosneft and Lukoil if Russia rejects ceasefire, news report suggests

US embeds trackers in AI chip shipments to catch diversions to China, news report suggests

Nvidia, AMD to pay 15% of China chip sale revenue to US amidst increasing threat of export controls, news report suggests

EU sanctions choke crude shipments to sanctions-hit Indian refiner Nayara Energy, news report suggests

EU Sanctions-hit Indian refiner Nayara Energy in talks with government to sustain operations, news report suggests

EU Foreign Policy chief Kaja Kallas says EU will work on 19th Russia sanctions package, news report suggests

France, Germany, UK willing to reinstate sanctions on Iran, news report suggests

Estonia expels Russian diplomat over sanctions violations, news report suggests

China targets two EU banks in retaliation against the bloc’s 18th Russia sanctions package, news report suggests

China cautions tech firms over Nvidia H20 AI chip purchases, news report suggests

Disclaimer: The information contained in this document is intended for informational purposes only and does not constitute legal opinion or advice. This document is not intended to address the circumstances of any individual or corporate body. Readers should not act on the information provided herein without appropriate professional advice after a thorough examination of the facts and circumstances of a situation. There can be no assurance that the judicial/quasi-judicial authorities may not take a position contrary to the views mentioned herein

Trade Update – August 18, 2025

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Trade Update – August 18, 2025

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Latest Thought Leadership

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