Following South Korea’s implementation of the strategic-investment legislation in parliament, ensuring US industry and workers see the full benefit of President Donald Trump’s trade deal with the country, the United States will lower certain tariffs under the deal, including auto tariffs to 15 per cent, effective retroactively from November 1, US Commerce Secretary Howard Lutnick recently said.

“We are also removing tariffs on airplane parts and will ‘un-stack’ Korea’s reciprocal rate to match Japan and the EU [European Union],” Lutnick was quoted as saying in a statement posted on microblogging platform X by the US Department of Commerce.

Following South Korea’s implementation of the strategic-investment legislation in Parliament, the US will lower certain tariffs under the deal, including auto tariffs to 15 per cent, effective retroactively from November 1, US Commerce Secretary Howard Lutnick recently said.
“We are also removing tariffs on airplane parts and will ‘un-stack’ Korea’s reciprocal rate to match Japan and the EU,” he said.

“Korea’s commitment to American investment strengthens our economic partnership and domestic jobs and industry.  We are also grateful for the deep trust between our two nations. I look forward to continuing to work closely with Seoul to build an even stronger and more prosperous future for both nations,” he added.

Fibre2Fashion News Desk (DS)

Bangladesh’s Chittagong Port Authority (CPA) has started implementing the new tariff schedule following the Supreme Court’s order overruling the High Court’s stay.

CPA instructed its departments to proceed with implementing the revised tariff structure, according to domestic media reports.

Bangladesh’s Chittagong Port Authority (CPA) has started implementing the new tariff schedule following the Supreme Court’s order overruling the High Court’s stay.
CPA instructed its departments to proceed with implementing the revised tariff structure.
The High Court had earlier stayed—for 30 days—the CPA’s September 30 circular issued to implement the new tariff announced.

The High Court had earlier stayed—for 30 days—the CPA’s September 30 circular issued to implement the new tariff announced.

The Bangladesh Maritime Law Society (BMLS) had filed a writ petition in the High Court challenging the revised tariffs.

Fibre2Fashion News Desk (DS)

The growth rate of India’s index of industrial production (IIP) for October this year was 0.4 per cent year on year (YoY), according to quick estimates released by the Ministry of Statistics and Programme Implementation; it was 4 per cent in September. The IIP in October stood at 150.9 against 150.3 in the same month last year.

The slow growth in October could be attributed to less number of working days because of a number of festivals.

The growth rate of India’s index of industrial production (IIP) for October was 0.4 per cent YoY, quick official estimates show; it was 4 per cent in September.
The IIP stood at 150.9 against 150.3 in October 2024.
The YoY growth rate for the manufacturing IIP (151.1) in the month was 1.8 per cent.
Within manufacturing, nine out of 23 industry groups recorded a positive YoY growth in October 2025.

The YoY growth rate of the manufacturing IIP in October was 1.8 per cent. The IIP for manufacturing was 151.1 in the month, a release from the ministry said.

Within the manufacturing sector, nine out of 23 industry groups recorded a positive YoY growth in October 2025.

The indices stood at 148.9 for primary goods (growth rate minus 0.6 per cent), 111.8 for capital goods (growth rate 2.4 per cent), 166.5 for intermediate goods (growth rate 0.9 per cent) and 197.2 for infrastructure/construction goods (growth rate 7.1 per cent) for October.

The indices for consumer durables (growth rate minus 0.5 per cent) and consumer non-durables (growth rate minus 4.4 per cent) stood at 129.2 and 139.9 respectively.

Fibre2Fashion News Desk (DS)