High US tariffs pushing Chinese exporters to tap Indian firms for shipments to America: FIEO

American sourcing firms and Chinese exporters are contacting Indian companies to supply goods to the US, aiming to circumvent high tariffs imposed by Washington on Chinese products. The US has imposed 145% tariffs on Chinese goods, while India faces only 10%. Chinese manufacturers are also seeking to pass export orders to Indian firms, maintaining US […]

India is scrutinizing indirect exports to Pakistan via third countries. This action follows heightened tensions and trade route closures after a recent terror attack in Pahalgam. The government is gathering data from customs and export councils. Trade between India and Pakistan has significantly decreased since the Pulwama attack. Both nations have imposed trade restrictions, impacting […]

Trade war prompts Chinese firms to approach Indian exporters. They seek help to fulfill US orders due to tariffs. Indian companies are offered commissions for sales. Sectors like hand tools and electronics see increased queries. Indian government is in talks with the US for a trade deal. Some American firms are also approaching Indian manufacturers.

Azerbaijan is enhancing ties with India, launching Ahmedabad-Baku flights in July, complementing existing Delhi and Mumbai routes. This move aims to boost people-to-people connections. Amidst growing Indian tourism to Azerbaijan, the nation delivered soda ash to Indian ports via cargo ship.

India’s engineering goods exports hit a record high of USD 116.67 billion in fiscal year 2024-25. This represents a 6.74 percent increase. The United States was the top destination. There was growth in exports to the UAE, Singapore, and Nepal. Engineering exports outperformed overall merchandise exports. Concerns remain about global trade dynamics and potential impacts […]

Following the Pahalgam terror attack, the Confederation of All India Traders (CAIT) has unanimously decided to completely cease trade with Pakistan. This decision, made during a national meeting in Bhubaneswar, reflects the strong condemnation of the attack and support for decisive government action against terrorism.

India plans to request the United States for relaxed export regulations. This will allow India access to important technologies. India seeks parity with US allies like Australia and the UK. The request includes sectors like telecom and AI. India also wants duty concessions for textiles and leather. The US desires concessions in automobiles and agriculture.

Nitin Gadkari emphasized that India must boost exports and decrease imports to strengthen its global position. He viewed the US’s reciprocal tariffs as a positive opportunity, opening new markets for Indian industries. Gadkari highlighted the sugar industry’s recent order from the US as an example of how India can benefit from global trade dynamics.

The Uttar Pradesh (UP) government has set an ambitious target of tripling its export by 2030, as the ongoing tariff war between the United States and China has provided an opportunity for the state, an official statement by the state said on Saturday.

The US tariff policies have significantly impacted India’s gems & jewellery and textiles sectors differently. Jewellery exports from Mumbai’s SEEPZ have plummeted, leading to workforce reductions, while textile units in Tirupur are experiencing a surge in inquiries and orders as US buyers seek alternatives to China.