High US tariffs pushing Chinese exporters to tap Indian firms for shipments to America: FIEO

American sourcing firms and Chinese exporters are contacting Indian companies to supply goods to the US, aiming to circumvent high tariffs imposed by Washington on Chinese products. The US has imposed 145% tariffs on Chinese goods, while India faces only 10%. Chinese manufacturers are also seeking to pass export orders to Indian firms, maintaining US […]

Azerbaijan is enhancing ties with India, launching Ahmedabad-Baku flights in July, complementing existing Delhi and Mumbai routes. This move aims to boost people-to-people connections. Amidst growing Indian tourism to Azerbaijan, the nation delivered soda ash to Indian ports via cargo ship.

Following the Pahalgam terror attack, the Confederation of All India Traders (CAIT) has unanimously decided to completely cease trade with Pakistan. This decision, made during a national meeting in Bhubaneswar, reflects the strong condemnation of the attack and support for decisive government action against terrorism.

India plans to request the United States for relaxed export regulations. This will allow India access to important technologies. India seeks parity with US allies like Australia and the UK. The request includes sectors like telecom and AI. India also wants duty concessions for textiles and leather. The US desires concessions in automobiles and agriculture.

The Uttar Pradesh (UP) government has set an ambitious target of tripling its export by 2030, as the ongoing tariff war between the United States and China has provided an opportunity for the state, an official statement by the state said on Saturday.

Nitin Gadkari emphasized that India must boost exports and decrease imports to strengthen its global position. He viewed the US’s reciprocal tariffs as a positive opportunity, opening new markets for Indian industries. Gadkari highlighted the sugar industry’s recent order from the US as an example of how India can benefit from global trade dynamics.

The US tariff policies have significantly impacted India’s gems & jewellery and textiles sectors differently. Jewellery exports from Mumbai’s SEEPZ have plummeted, leading to workforce reductions, while textile units in Tirupur are experiencing a surge in inquiries and orders as US buyers seek alternatives to China.

India and Taiwan get more time on import duty dispute. The World Trade Organization (WTO) has accepted their request. They wanted to delay the ruling on import duties. These duties are on certain information and technology products. This is the seventh time the decision is postponed. The dispute started in 2019. Japan, the EU, and […]

India is negotiating free trade agreements (FTAs) with several countries, including the US, EU, and UK, to secure better access for its steel exports, according to trade minister Piyush Goyal. The government is working on 10-12 FTAs to promote India’s high-quality, cost-effective steel sector.

The terms of reference for a bilateral deal, which was finalized by both sides this week, includes trade in goods as well as services, the report said, citing people familiar with the matter said.