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.
Indian FMCG giants mull new manufacturing units for exports to US as tariffs bite
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 […]
‘Unfair, unjustified and unreasonable’: MEA after Trump loads extra 25% tariff on Indian shipments
7 months ago
India strongly opposed US President Donald Trump’s decision to impose a 25% tariff. India called the move unfair and unjustified. The tariff, totaling 50%, impacts Indian goods. India stated it will take necessary actions to safeguard its interests. The US cited India’s oil imports from Russia as the reason. India defended its energy security decisions.
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 […]
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 […]
EU buys more LNG from Russia, less from US
7 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.
Trump tariffs on India: India is grappling with the potential economic repercussions of US President Trump’s tariff threats, triggered by India’s trade practices and Russian oil purchases. The government is exploring measures to support exporters and considering easing dairy market access for the US to appease Trump.
India is currently hosting envoys from various nations to advance the IMEC initiative. This project aims to establish a rail and ports network connecting India, the Middle East, and Europe. The IMEC seeks to reduce logistics costs and transportation time significantly. It also aims to foster trade and cultural connections.
In June, the U.S. trade deficit narrowed significantly, particularly with China, reaching its lowest point in over two decades due to President Trump’s tariffs. However, these tariffs are impacting the broader economy, as the services sector shows signs of slowing down with rising costs and business uncertainty. Despite a rebound in GDP, concerns about weakening […]
President Trump threatened to substantially increase tariffs on Indian imports due to continued Russian oil purchases, despite India’s strong response and accusations of unfair targeting by the US and EU. India defends its actions as safeguarding national interests and economic security, highlighting its growing economy amid global uncertainty. Trade negotiations continue with scheduled talks in […]