India plans to sharply reduce tariffs on cars imported from the European Union, cutting duties to 40% from levels as high as 110%, sources said, marking the country’s most significant opening yet of its protected auto market as the two sides move closer to a free trade agreement that could be announced as early as Tuesday.

China will lower import tariffs on a range of products starting in 2026, including key resource-based commodities and selected medical supplies, authorities said on Monday.

Siemens Healthineers posted fourth-quarter revenue slightly below expectations on Wednesday, pressured by higher U.S. import tariffs.

Editor's note: Faig Mahmudov is an Azerbaijan-based journalist. The article expresses the author's personal opinion and may not coincide with the view of News.Az.

The United States on Monday announced its intention to impose tariffs of up to 3,521 percent on solar panels from Southeast Asia, a move aimed at countering alleged Chinese subsidies and dumping in the sector.

Volkswagen will introduce an "import fee" on vehicles affected by the 25% tariffs imposed by U.S. President Donald Trump, according to the Wall Street Journal.

Brussels and Beijing are close to reaching an agreement on tariffs for Chinese electric vehicle imports into the European Union, according to Bernd Lange, chair of the European Parliament’s trade committee.