Trump tariffs: India’s smart strategy could be working

US tariffs have impacted Indian exports, causing a sharp decline. However, India is actively diversifying its export markets and striking new trade deals. This strategy is showing positive results, with some sectors experiencing growth. While challenges remain, this situation presents an opportunity for India to build a more robust and balanced export portfolio for long-term […]

US President Trump claimed India will halt Russian oil buys, but Indian refiners await government clarity. Russia remains India’s top oil supplier, offering significant discounts. Abruptly stopping these imports is near impossible, with deliveries contracted months ahead. Refiners face economic and strategic trade-offs if Russian oil becomes inaccessible.

India and Brazil agreed to expand their existing preferential trade pact with Mercosur to boost economic ties. The two nations aim to conclude negotiations for a full-fledged agreement within one year, targeting a significant increase in bilateral trade to USD 20 billion over five years.

In a strategic move towards economic collaboration, India is seeking a trade agreement with the United States that promises reciprocal advantages. Current negotiations are prioritizing the resolution of tariff discrepancies while enhancing energy trade.

India and China remain significant buyers of Russian fossil fuels. In September, India’s imports of Russian crude oil saw a decline. This comes as the United States urges India to reduce its reliance on Russian energy. China leads as the top importer of Russian crude, LNG, and coal. Turkiye also features prominently in these energy […]

September was a promising month for India’s exports, showcasing their vibrancy amid global turbulence. However, with imports climbing at a quicker rate, the trade deficit has widened. Ongoing discussions surrounding U.S. tariffs are under scrutiny, while negotiations for a free trade agreement with the EU are in their final stages.

In a fresh twist to international trade, Russia is poised to become a major player in the banana market, turning its gaze towards India for imports. The Russian agricultural oversight body, Rosselkhoznadzor, has revealed plans to source anywhere from 300,000 to 500,000 metric tonnes of bananas annually.

India’s mobile phone exports surged by 95% year-on-year in September, reaching over $1.8 billion despite a historically lean period. For April-September, exports hit $13.5 billion, with the US being the largest destination, accounting for nearly 70% of the total. This growth highlights India’s strengthening mobile manufacturing ecosystem and global reliability.

India and Taiwan have asked the WTO to postpone a decision on import duties until April 2026. Both nations are working to resolve the issue through talks. This delay aims to facilitate a mutual agreement. The WTO’s dispute settlement body will consider this request soon. The ruling concerns duties on certain information and technology products.

Indian exports of key goods to the United States saw a significant drop in August. Labour-intensive products like textiles, leather, and jewellery experienced a downturn. This follows the imposition of tariffs by Washington on New Delhi. Shipments of marine products, tyres, and garments also declined. Even kitchen staples like tea and spices faced reduced exports.