India is well-positioned to benefit from the Trump administration’s evolving worldview, with Trump valuing his relationship with Modi. The non-alignment of India aligns with Trump’s America First stance. The Quad is seen as a key strategy for Indo-Pacific policy, excluding China. The EU-China relationship is uncertain due to ongoing U.S.- EU tension.
‘India’s non-alignment seems reasonably comparable to Trump’s America First stance’, says Rorry Daniels, MD, Asia Society Policy Institute
Senior US trade rep Brendan Lynch to lead key trade talks in India amid tariff concerns
7 months ago
Brendan Lynch, Assistant US Trade Representative, will visit India for crucial trade talks from March 25-29. Discussions with Indian officials aim to enhance bilateral trade and include the impending reciprocal tariffs by the US. India plans to expand trade with the US to $500 billion by 2030.
ITL weighs tractor exports from India instead of US
7 months ago
International Tractors faces challenges exporting to Mexico and Canada due to US tariffs and plans to shift exports from India instead of Atlanta. ITL, the largest tractor exporter in India, expects a decline in overseas shipments in fiscal 2024-25 due to global trade wars. Major markets like the EU, North America face uncertainties affecting overall […]
India has imported 8.47 lakh tonnes of DAP fertiliser from China till February this fiscal, representing 19.17% of total imports. China accounted for 40% in the previous fiscal. Despite various challenges, domestic DAP availability has exceeded the requirement for the ongoing rabi season.
The recent amendments in the customs rules to tighten checks on goods imported under FTAs may complicate imports at concessional duties and raise compliance costs. This move aims to combat misuse, particularly goods rerouted through FTA member countries like Vietnam. The amendments include stricter documentation requirements and potential conflicts with existing FTA agreements.
India has imposed anti-dumping duties on four Chinese goods—Soft Ferrite Cores, vacuum insulated flasks, aluminium foil, and Trichloro Isocyanuric Acid—to protect domestic industries from cheap imports. These duties range from USD 276 to USD 1,732 per tonne and are set for five years, with aluminium foil subject to a provisional six-month duty.
The government has decided to lift the 20 per cent export duty on onions from April 1 to protect farmers’ interests. This move comes as onion prices have dropped due to the expected arrival of the rabi crop. The export duty was initially imposed in September 2024.
India is collaborating with Myanmar’s military government and engaging with the Arakan Army rebels to secure the strategic Sittwe Port, which aims to enhance connectivity to India’s north-eastern states. The Indian-built port, part of the Kaladan multi-modal transit transport corridor, was inaugurated in May 2023.
DP World and Reliance Industries have introduced a rail logistics solution for the petrochemical industry, connecting Jamnagar to Mundra via Ahmedabad. This shift from road to rail significantly cuts carbon emissions, reduces operational challenges, and streamlines logistics, enhancing efficiency and supporting Reliance’s sustainability goals.
India and the US are working towards a bilateral trade agreement, focusing on increasing market access, reducing import duties, and enhancing supply chain integration. The trade in goods and services between the two countries totaled $190.08 billion in 2023.