United States trade policy shifts have unexpectedly strengthened India’s negotiating position. India’s deliberate approach to a trade deal now appears astute. The country finds itself with more space to reassess and secure better terms. This strategic patience contrasts with other nations that rushed into agreements. India is studying implications and seeking safeguards.
India’s strategic patience paid off. What next for US trade deal?
Adani Ports, NMDC, and Vale SA have signed an MoU to develop an integrated iron ore blending facility and SEZ at Gangavaram Port. This strategic collaboration aims to enhance India’s East Coast iron ore export value chain, boosting efficiency and global competitiveness. The initiative will position Gangavaram Port as a major export hub, capable of […]
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.
India’s exporters in gems, textiles, engineering, and leather hasten US shipments amid tariff uncertainty
2 months ago
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 […]
EU-India FTA to unlock trade growth, AI collaboration and resilient supply chains: Austrian official
2 months ago
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 tariffs on India reset to 15% after Supreme Court ruling: How did duties swing from 26% to 50% and back?
2 months ago
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.
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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 […]