US President Donald Trump has ruled out any trade negotiations with India following his administration’s move to double tariffs on Indian imports to 50 percent. The White House cited India’s continued purchase of Russian oil as the trigger. Prime Minister Narendra Modi responded by stating that India will not compromise on the interests of its […]
Trump rules out trade talks with India amid 50% tariff dispute until…
India takes a re-look at US market access offer; Sectors, barring farm, under review for BTA talks
11 months ago
India is reassessing its market access offer to the US ahead of trade talks later this month, despite the US doubling tariffs. While agriculture and dairy remain non-negotiable, other sectors are under review. India is also working on a three-pronged relief plan for exporters, including support schemes and goods diversion, to soften the impact of […]
Trump’s levy decision fails to spook India: PM Modi says will shield farmers at any cost
11 months ago
A day after the US announced steep new tariffs on Indian goods, Prime Minister Narendra Modi reaffirmed his government’s commitment to protecting the interests of farmers, livestock rearers, and fisherfolk, saying their welfare remains the top priority. Speaking at a conference, he ruled out any compromise, even if it comes at a political cost, amid […]
Indian consumer goods companies like Amul, ITC, Parle, and Godrej Consumer Products are exploring alternative manufacturing bases outside India—including third countries or even the US—to manage rising tariff-related risks. Amul, already producing milk in the US, plans to expand to paneer, butter, and cheese to avoid high duties.
Lok Sabha passes Merchant Shipping (Amendment) Bill
11 months ago
The Lok Sabha passed the Merchant Shipping Bill, 2024, amidst opposition protests, aiming to modernize maritime legislation and address India’s evolving economic needs. This bill broadens vessel ownership eligibility and grants the government authority to detain stateless vessels within Indian waters. It repeals the Merchant Shipping Act of 1958, introducing contemporary provisions for marine casualty […]
India-US spat over trade and oil threatens wider fallout
11 months ago
President Trump’s trade actions against India, stemming from trade imbalances and Russian oil purchases, threaten to undermine decades of diplomatic progress. These measures, including tariffs and criticism, have strained relations, pushing India to reassess its partnerships. India faces pressure to balance its relationship with the U.S. while exploring ties with Russia and China, navigating a […]
Despite President Trump’s accusations of India being a ‘tariff king’ and the recent imposition of additional duties on Indian goods, data reveals a different story. India has been consistently reducing both tariff and non-tariff barriers. Interestingly, the targeted tariff cuts implemented by India in January are expected to benefit the United States the most, undermining […]
EU buys more LNG from Russia, less from US
11 months ago
Despite the Russia-Ukraine war, the European Union’s reliance on Russian LNG has grown. Imports increased by 9% since 2022, costing the EU billions. This contrasts with sanctions imposed on an Indian refinery with Russian ties. Trade between Europe and Russia extends beyond energy, encompassing various goods. India’s trade with Russia is significantly less than Europe’s.
US tariffs may alter export plans from India: Kohler CEO
11 months ago
David Kohler, CEO of Kohler Co., expressed hope that India and the US would resolve ongoing tariff tensions, calling both nations “historic friends and trading partners.” While current tariffs do not affect Kohler’s India operations directly, they may influence export destinations from its India plant. India is among Kohler’s top three global markets and the […]
Gautam Adani is now the non-executive chairman of Adani Ports and Special Economic Zone. This change took effect on August 5. Manish Kejriwal has been appointed as an additional independent director. The board approved these decisions. This move ensures compliance with company regulations. Adani can now focus on the strategic growth of other Adani Group […]