Donald Trump announced potential 10% tariffs on BRICS nations, including India, accusing the bloc of undermining the US dollar. During a Cabinet meeting, Trump warned that BRICS countries would soon face these additional charges. He asserted that the economic alliance was actively working to diminish the dollar’s global standing.
Trump says all BRICS nations, including India, to face additional 10% tariff
India’s apparel, footwear exports to gain as US hikes tariffs on rival nations: Exporters
11 months ago
Indian apparel and footwear exporters anticipate a competitive boost in the US market as Washington imposes higher tariffs on several nations, including Bangladesh and Thailand. These elevated duties, set to take effect in August, are expected to benefit Indian products, particularly in the garment and leather sectors.
JSW Infrastructure has secured a Rs 740-crore port project from Syama Prasad Mookerjee Port Authority to reconstruct berth 8 and mechanize berth 7 at Netaji Subhas Dock. Awarded under the PPP model with a 30-year concession, the project aims to enhance container handling capacity.
Kaladan Multi-Modal Transit Transport Project to be fully operational by 2027: Sarbananda Sonowal
11 months ago
Union Minister Sarbananda Sonowal announced the Kaladan Multi-Modal Transit Transport Project, enhancing Northeast India-Myanmar connectivity, will be fully operational by 2027. With a Rs 5,000 crore investment, the government aims to boost waterways and maritime sectors, training 50,000 Northeast youth for maritime jobs.
The Kaladan project, linking India and Myanmar, aims to boost Northeast connectivity. Union Minister Sarbananda Sonowal announced its completion by 2027. This project will shorten the Aizawl-Kolkata distance by 700 km. The Sittwe port is ready, and road development is underway. The project receives significant investment to develop waterways. It will transform the Northeast into […]
Trump says US ‘very close’ to a trade deal with India
11 months ago
India US Trade Deal News: President Trump announced the U.S. is nearing a trade agreement with India, extending the deadline for reciprocal tariffs to August 1. This follows finalized agreements with the UK and China. The administration has notified 14 other countries of substantial new tariffs starting in August, amidst ongoing free trade agreement talks […]
Faced with potential US tariffs, India is exploring strategies to reduce its trade surplus. Increasing imports from the US in sectors like energy and aviation, alongside diversifying export markets, could mitigate tariff exposure. While challenges exist, these adjustments aim to strengthen Indo-US relations and balance India’s trade portfolio.
Amidst rising apple imports and US pressure to cut farm tariffs, Minister Goyal stated the government will review protections for homegrown apples, balancing grower support with consumer affordability. India imports 4.5-5 lakh tonnes of apples annually, with the US seeking preferential duty access.
India is preparing a new plan. This plan aims to boost Indian ships. The current scheme is likely to miss targets. The government wants to be a key maritime player. Consultations identify demand for 200 new ships. These ships are worth ₹1.3 lakh crore. The petroleum, steel, and fertiliser sectors need them. The goal is […]
India and the US are on the verge of finalizing a mini trade deal, potentially excluding sensitive sectors like dairy and agriculture. The agreement, expected to be announced soon, will initially focus on trade in goods.