India, China among winners after US court blocked Trump tariffs

Countries hit hardest by former President Donald Trump’s tariffs are now emerging as winners after the US Supreme Court struck down his emergency levies. China, India, and Brazil, among others, will see lower tariff rates for shipments to the US. While Trump had planned a 15% global tariff, economists calculate the effective rate will average […]

India and the US have postponed crucial trade talks aimed at finalizing an interim trade pact. This decision comes as Washington revises its global tariff strategy following a US Supreme Court ruling. Both nations will reconvene once the implications of these developments are fully assessed, with a new date to be mutually agreed upon.

Indian exporters are accelerating shipments to the United States. This surge is driven by concerns over potential tariff increases by President Trump. Various sectors including gems, textiles, and engineering goods are working to maximize exports within a 150-day window. Industry officials are seeking clarity on trade agreements and tariff implications. Exporters are engaging with US […]

Austria’s State Secretary Alexander Proll calls the EU-India Free Trade Agreement a major deal. This pact will benefit millions and create a large free trade zone. It aims to boost trade, foster collaboration in artificial intelligence, and build stronger supply chains. The agreement is expected to be implemented within a year, strengthening ties between the […]

US President Donald Trump introduced a new 15% global tariff. This move followed a Supreme Court decision invalidating emergency powers used for previous tariffs. India’s tariffs have fluctuated significantly, reaching 50% before an interim deal reduced them. The current 10% global rate applies universally, pending further bilateral agreements.

India and Brazil have finalized an agreement to enhance cooperation in the extraction and utilization of critical minerals and rare earth elements. During a recent summit, Prime Minister Narendra Modi and President Luiz Inácio Lula da Silva engaged in fruitful discussions aimed at strengthening their nations’ strategic alliance.

Lula highlighted the rapid growth in economic ties between the two countries and the untapped potential. In 2006, bilateral trade was only about $200 million, which rose to $2.4 billion a few years later, and reached $15 billion last year. “I have with me possibly the biggest delegation of ministers, businesspeople of all the different […]

Following an agreement on a framework for an interim trade deal earlier this month, the US announced it will cut the reciprocal tariff on India to 18% and remove the additional 25% punitive tariffs. Currently, India’s goods exports to the US are subject to 25% reciprocal tariff. The February 6 joint statement on the framework […]

India is keeping a vigilant eye on the unfolding situation regarding US tariffs. President Donald Trump has implemented a swift rise in tariffs on imports, now set at 15 percent, a move prompted by a recent Supreme Court ruling.