President Trump indicated potential new tariffs on Indian rice, citing “dumping” concerns and aiming to support US farmers. This move, alongside possible tariffs on Canadian fertilizer, signals ongoing trade tensions with key partners as the US administration seeks to address agricultural sector complaints ahead of midterm elections.
Trump signals possible new tariffs on Indian rice amid farm pressure
Industry executives attributed the rebound to greater imports of high-value parts and a weaker rupee, even as the government’s Make in India campaign has so far failed to reduce imports by value for most of the companies since 2018-19, the filings revealed. The sole exception was in FY24 with a 6% decline in the consolidated […]
HD Hyundai, a major South Korean shipbuilding company, will establish its first Indian shipyard in Thoothukudi, Tamil Nadu. This significant investment follows extensive scouting and discussions with various Indian states. The project highlights Tamil Nadu’s strong policy framework and engineering ecosystem. HD Hyundai’s presence signifies a major boost for India’s maritime infrastructure and manufacturing capabilities.
Senior American officials are visiting India to strengthen political and trade partnerships. Discussions will cover regional security and economic cooperation. A key focus will be innovation in US-India research. Trade talks for a bilateral agreement will also commence. Both sides aim to finalize the first part of the trade pact by year-end.
The Indian rupee is under pressure and could soon slip below the 90 threshold against the dollar. This forecast stems from a burgeoning trade deficit and lukewarm investment climate. The urgency for a trade pact with the US is more pronounced than ever.
No viable way for global companies to cut dependence on China without India: David Bach, President, IMD
6 months ago
Every CEO I speak to believes AI is transformative. The debate is not whether it will reshape industries but how dramaticallyDavid Bach President, IMD
EU team to meet Piyush Goyal tomorrow on FTA
6 months ago
The meeting is important as both sides are eager to conclude the negotiations as early as possible. The team, led by EU’s Directorate-General for Trade Sabine Weyand, is here to iron out differences on issues pertaining to both goods and services. They have fixed the year-end deadline to conclude talks.
India and the United States are set to begin three-day trade talks in New Delhi on December 10 to finalise the first phase of their proposed bilateral trade agreement. The discussions, led by US Deputy Trade Representative Rick Switzer, are crucial for addressing reciprocal tariffs and boosting bilateral trade, which aims to reach $500 billion […]
Russia has ramped up its fertilizer exports to India, now commanding a staggering 26% of the subcontinent’s fertilizer imports. This surge contributes significantly to an economic alliance, with Russian fertilizers increasingly finding their place in BRICS nations. S
Indian businesses can replace void left by Western companies in Russia, says Roscongress CEO Stuglev
6 months ago
Indian companies can fill the void left by Western firms exiting Russia. Roscongress Foundation CEO Alexander Stuglev expressed optimism about this potential. India and Russia aim to boost bilateral trade to USD 100 billion by 2030. Sectors like pharmaceuticals, IT, and energy offer significant growth opportunities. Russian e-commerce platforms are being showcased to aid Indian […]