Despite President Trump’s accusations of India being a ‘tariff king’ and the recent imposition of additional duties on Indian goods, data reveals a different story. India has been consistently reducing both tariff and non-tariff barriers. Interestingly, the targeted tariff cuts implemented by India in January are expected to benefit the United States the most, undermining […]
ET Graphics: India cuts tariffs, counters ‘tariff king’ tag
EU buys more LNG from Russia, less from US
3 months ago
Despite the Russia-Ukraine war, the European Union’s reliance on Russian LNG has grown. Imports increased by 9% since 2022, costing the EU billions. This contrasts with sanctions imposed on an Indian refinery with Russian ties. Trade between Europe and Russia extends beyond energy, encompassing various goods. India’s trade with Russia is significantly less than Europe’s.
David Kohler, CEO of Kohler Co., expressed hope that India and the US would resolve ongoing tariff tensions, calling both nations “historic friends and trading partners.” While current tariffs do not affect Kohler’s India operations directly, they may influence export destinations from its India plant. India is among Kohler’s top three global markets and the […]
Gautam Adani is now the non-executive chairman of Adani Ports and Special Economic Zone. This change took effect on August 5. Manish Kejriwal has been appointed as an additional independent director. The board approved these decisions. This move ensures compliance with company regulations. Adani can now focus on the strategic growth of other Adani Group […]
Gautam S Adani will step down as Executive Chairman of Adani Ports. The change is effective from August 5, 2025. He will transition to Non-Executive Chairman. Consequently, he will no longer be key managerial personnel. Manish Kejriwal has been appointed as an Additional Non-Executive Director. His term will be for an initial period of three […]
Trump tariffs on India: India is grappling with the potential economic repercussions of US President Trump’s tariff threats, triggered by India’s trade practices and Russian oil purchases. The government is exploring measures to support exporters and considering easing dairy market access for the US to appease Trump.
In June, the U.S. trade deficit narrowed significantly, particularly with China, reaching its lowest point in over two decades due to President Trump’s tariffs. However, these tariffs are impacting the broader economy, as the services sector shows signs of slowing down with rising costs and business uncertainty. Despite a rebound in GDP, concerns about weakening […]
India is currently hosting envoys from various nations to advance the IMEC initiative. This project aims to establish a rail and ports network connecting India, the Middle East, and Europe. The IMEC seeks to reduce logistics costs and transportation time significantly. It also aims to foster trade and cultural connections.
President Trump threatened to substantially increase tariffs on Indian imports due to continued Russian oil purchases, despite India’s strong response and accusations of unfair targeting by the US and EU. India defends its actions as safeguarding national interests and economic security, highlighting its growing economy amid global uncertainty. Trade negotiations continue with scheduled talks in […]
India’s textile sector proposes a strategic move. They suggest eliminating the 11% duty on raw cotton imports. This could be a bargaining chip in trade talks with the United States. The goal is to secure favorable terms for Indian textiles and garments. Removing the duty may boost export competitiveness.