Visakhapatnam Port Authority (VPA) celebrated its highest ever cargo handling in 2024-25 with 82.62 MT, marking a new milestone. Despite global trade challenges, key cargo segments saw increased volumes. The port also set a new record for steam coal discharge, aligning with India’s Maritime Vision 2030.
Visakhapatnam Port Authority handled record 82.62 MT cargo in 2024-25
India’s textile, engineering goods, electronics, and gems & jewellery exporters to hit hard by Trump Tariffs
7 months ago
US President Donald Trump has imposed a 26 percent tariff on Indian imports, significantly impacting sectors like textiles, engineering goods, electronics, and gems and jewellery. The move is expected to erode margins for Indian exporters and prompt investors to shift funds to safer assets given the economic uncertainty.
Govt analysing impact of 26% Trump tariff on India; it’s mixed bag, not setback: Official
7 months ago
India’s commerce ministry is analyzing the impact of the US’s 26% reciprocal tariffs on imports, set to take effect in stages from April 5. While the tariffs are seen as a challenge, the government views it as a mixed situation and not a setback. India is negotiating a trade agreement with the US, aiming for […]
India imposes ‘burdensome testing’ across sectors, making it costly for US cos to sell their products: White House
7 months ago
President Trump has signed an executive order imposing a ‘discounted’ 26% tariff on Indian imports, addressing the high tariffs that India places on U.S. goods. This move aims to rectify unbalanced trade relationships and stimulate American industry by enforcing reciprocal tariffs on countries with which the U.S. has substantial trade deficits.
President Trump imposed a 26% tariff on Indian imports, one of the highest on major US trading partners. This follows his criticism of India’s tariffs and their trade imbalance. Despite efforts by India to reduce tariffs and make concessions, the levies pressure India to finalize a trade deal. Economists suggest the tariff’s impact will be […]
President Trump unveiled new tariffs on allies and adversaries, targeting unfair trade practices. India, China, the EU, and Vietnam are among the countries facing significant tariffs on their goods. The ‘Fair and Reciprocal Plan’ aims to boost US manufacturing and ensure balanced trade relationships.
India’s Major ports experienced a 4.35% increase in traffic, handling 854.93 million tonnes in fiscal 2024-25. Gujarat’s Deendayal Port Authority emerged as the top performer with a 13.44% growth. However, Mormugao Port Authority saw a decline of 12.13% in cargo handling.
US remains critical of India; report highlights Make in India as ‘challenging,’ other ‘onerous requirements’
7 months ago
The U.S. has criticized India for high tariffs on agricultural goods, restrictive import regulations, and challenges for American companies, especially in technology and medical sectors. The Trump administration plans reciprocal tariffs. Issues include India’s opaque restrictions on imports, high customs duties on drugs and agricultural products, and regulations on dairy imports.
The European Union is urging India to include a ‘forward most-favoured-nation’ clause in their free trade agreement, ensuring any concessions offered to the US will also be extended to the EU. The recent round of talks in Brussels saw little progress, with sticking points remaining on India’s government procurement market and tariff negotiations for various […]
March Oil imports rise 67% from US, 11% from Russia
7 months ago
Indian refiners significantly increased US crude imports in March, while Russian crude imports rose despite US sanctions. Trump’s threats to impose secondary tariffs on Russian oil seem like posturing, as removing substantial Russian oil would raise prices. Indian refiners sourced more crude from the US and Nigeria, cutting back on Saudi and Iraqi imports.