In a landmark ruling, the US Supreme Court has slashed tariffs on Indian imports, breathing new life into crucial Indian sectors such as pharmaceuticals, electronics, and textiles. This development not only paves the way for a surge in exports and a stronger presence in the US market but also highlights ongoing hurdles, particularly with steel […]
10% US tariffs on India to give major export boost to domestic labour-intensive sectors
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Government sources said an initial reading of the US Supreme Court ruling striking down President Donald Trump’s global reciprocal tariffs effectively nullifies the 25% levy on India, with New Delhi awaiting an official White House response.
US Supreme Court invalidates many of Trump’s tariffs. What happens to all the trade deals now?
3 weeks ago
The Supreme Court’s decision to strike down many of Donald Trump’s tariffs has cast uncertainty over several recent U.S. trade deals that had fixed duties at around 15–20% in exchange for investment and trade concessions. While Trump said some agreements would remain, he also announced a new 10% global tariff under a different legal authority, […]
The US has imposed a 10% global tariff, impacting India as part of its trade deal, following a Supreme Court ruling that limited President Trump’s authority under the IEEPA.
India rolls out seven steps to boost exports
3 weeks ago
India’s government has launched a significant export promotion mission. Seven new measures aim to boost outbound shipments. These include credit assistance for e-commerce exporters and support for alternative trade instruments. The mission focuses on addressing key constraints for MSME export growth. It will simplify processes and enhance access to finance for businesses.
India and the US are set to sign an interim trade deal in March, with implementation expected the following month. This agreement aims to boost bilateral trade and investments. US officials are scheduled to visit New Delhi for the signing. The deal is anticipated to benefit India’s labour-intensive sectors and open new business avenues for […]
CMA CGM plans to deploy additional capacity and upgrade services from India ahead of the summer season to capture an expected rise in volumes. The sharpened focus on India comes as global shipping normalises after pandemic-era disruptions and record profits. Freight rates have retreated from Covid highs.
Garden Reach Shipbuilders set for Navratna status as DPE clears proposal, final nod awaited
3 weeks ago
The Department of Public Enterprises has approved a proposal to grant Navratna status to state-run shipbuilder Garden Reach Shipbuilders & Engineers Ltd (GRSE). This move will provide GRSE with greater financial and operational autonomy, allowing for larger investments and quicker expansion.
Prime Minister Narendra Modi and Greek counterpart Kyriakos Mitsotakis met on the sidelines of the India AI Impact Summit. They agreed that the India-EU FTA will boost trade and investment, and discussed strengthening cooperation in new areas. Both leaders also appreciated the potential of the India-Middle East-Europe Economic Corridor (IMEC).