US tariffs on Chinese imports are opening doors for Indian garment and toy exporters, potentially boosting their capacity utilization to 90-95%. American buyers are actively seeking to diversify their supply chains, leading to increased inquiries for Indian manufacturers. While this presents a significant opportunity for Indian MSMEs, capacity constraints and the need for strategic investments […]
Garment, toy companies go full throttle as US buyers look beyond China
The US informed the WTO that its steel and aluminum tariffs are for national security, not safeguard measures, rejecting India’s consultation request. India sought discussions after the US imposed tariffs in 2018 and revised them in February 2025, arguing the US failed to notify the WTO.
An Indian official team is set to visit Washington next week to resolve outstanding issues before formally launching negotiations for a proposed India-US bilateral trade agreement (BTA). This visit, following a recent US team visit to India, signals growing momentum for the BTA talks.
IMEC could expand to include Oman, Egypt and Slovenia to advance strategic and economic interests
1 year ago
The India-Middle East-Europe Economic Corridor (IMEC) may expand to include Egypt, Oman, and Slovenia, enhancing strategic interests and regional economic integration. Experts at a conclave in New Delhi highlighted IMEC’s potential to reduce logistics costs and shipping times, leveraging India’s GATI SHAKTI initiative. IMEC aims to establish a resilient trade route, complementing the Suez Canal […]
India is actively pursuing US companies seeking to relocate manufacturing from China, aiming to capitalize on global supply chain shifts in sectors like electronics and pharmaceuticals. The government is also encouraging Indian companies to target the US market, preceding bilateral trade agreement negotiations. Electronics industry sees a significant opportunity, but Vietnam’s strong supply chain poses […]
Chinese firms like Shanghai Highly and Haier are now more willing to accept Indian conditions for expansion, including minority stakes in joint ventures, due to escalating US tariffs and the lure of India’s large market. Shanghai Highly is reviving talks with Voltas for a manufacturing joint venture, while Haier is considering selling a majority stake […]
The WTO has significantly lowered its merchandise trade forecast for 2025, projecting a 0.2% decline due to the US-led trade war, a sharp contrast to the previously anticipated 2.7% growth. North America is expected to experience a steep drop in exports, while trade diversions are anticipated to benefit China and potentially open opportunities for least-developed […]
India and the US are set to begin face-to-face discussions in mid-May regarding their proposed bilateral trade agreement, following virtual talks this week. India aims to finalise the initial phase of the trade pact swiftly, potentially by September-October. Officials are monitoring potential import surges due to global tariff uncertainties, with a dedicated cell established for […]
Goods exports up 0.7%, trade gap widens
1 year ago
India’s merchandise exports edged up 0.08% to $437.42 billion in FY25, despite global headwinds, marking a new high, according to recent data. However, a surge in imports widened the trade deficit to $282.82 billion. The US remained India’s top export destination.
ITC Chairman Sanjiv Puri has urged expedited bilateral economic pacts and free trade agreements to expand India’s competitive edge amid global trade uncertainties. He has cautioned against potential dumping from countries facing tariffs and emphasised the need for agile monitoring.