Prices of EVs, wind turbines, and semiconductors to rise amid fresh tariffs on China by US: GTRI

US tariffs on Chinese goods will rise 100% from November 1, 2025, pushing up prices for EVs, wind turbines, and semiconductor parts, says GTRI. The escalation heightens US-China trade tensions and may force Washington into negotiations over rare earths.

India and Brazil are strengthening trade ties and exploring ways to boost bilateral trade and investment, particularly in response to increased US import tariffs. Discussions under the India-Brazil Trade Monitoring Mechanism focused on expanding preferential trade agreements and enhancing collaboration in key sectors like pharmaceuticals and chemicals.

Indian steel exporters face significant challenges from upcoming European Union tariffs and reduced duty-free import quotas. These measures threaten to make Indian steel uncompetitive in the EU market. Industry representatives are urging that the India-EU free trade agreement negotiations prioritize addressing these steel-related concerns.

The Union Cabinet will soon discuss a new Export Promotion Mission. This mission aims to strengthen India’s export sector. It will provide targeted financial and market support. The focus is on MSMEs and labour-intensive industries. The mission will help exporters gain a competitive edge globally. It addresses both financial and non-financial challenges faced by exporters.

India and the UK have forged a strategic partnership at India Mobile Congress 2025, pledging £24 million over four years to drive digital connectivity innovation. The India-UK Connectivity and Innovation Centre (CIC) will foster collaboration between researchers, innovators, and businesses, focusing on telecommunications, cybersecurity, and AI’s role in transforming the sector.

The government has mandated registration on a renewable energy equipment import monitoring system for importers of solar and wind energy components, effective November 1. This applies to items like photovoltaic cells and wind turbine parts. Separately, imports of Sulfadiazine API below Rs 1,774 per kg are restricted until September 30, 2026, with exemptions for certain […]

Tatarstan aims to boost economic ties with India, positioning itself as a gateway to the Russian market for Indian businesses. The region seeks to increase exports of its products while inviting Indian investment in sectors like IT and pharmaceuticals. India’s opening of a consulate in Kazan underscores the growing bilateral cooperation and potential for expanded […]

India’s trade reliance on the US grew slightly. Global trade remains strong, driven by developing nations, even with US policy changes. Electronics and electric vehicles are boosting trade. While global trade is projected to hit new records, ongoing geopolitical tensions and US policy uncertainty pose risks to the outlook.