DP World plans unit in GIFT City for ship-leasing

US President Donald Trump praised Indian Prime Minister Narendra Modi as a ‘very smart man’ and a ‘great friend’ while highlighting ongoing tariff discussions. Trump, who has previously criticized high tariffs on US goods, remains optimistic about favorable trade negotiations between the two nations.

India is meticulously evaluating the consequences of the US imposing additional import duties on steel and aluminium. These increased tariffs could impact around $6 billion worth of exports from India to the US. Both nations are striving to enhance their bilateral trade, aiming to double it by 2030 through a comprehensive trade agreement.

Foreign Secretary Vikram Misri and U.S. Deputy Secretary of State Christopher Landau discussed the deepening India-U.S. partnership, covering strategic interests, bilateral trade, defense, technology cooperation, and mobility issues. Misri congratulated Landau on his recent Senate confirmation and invited him to visit India soon. Both agreed to remain actively engaged on mutual concerns.

India’s fruit exports have surged by 47.5 per cent over the last five years, significantly benefiting from free trade agreements with the UAE and Australia. The government is focused on quality assurance and exploring new markets while developing cold chain infrastructure to boost these exports.

India plans to impose retaliatory duties on EU imports after failing to reach an agreement over the EU’s restrictive safeguard measures on certain steel products under WTO norms. This move follows significant trade losses incurred by India since 2018. The EU’s extension of safeguards and India’s substantial interest in steel exports have intensified the trade […]