India imposes 150 pc tariff on American alcohol, 100 pc tariff on agriculture goods: White House

The US has strongly criticised high tariffs imposed by India, Canada, and Japan on American goods. White House Press Secretary Karoline Leavitt cited India’s 150% tariff on American alcohol and 100% on agricultural products, saying the US seeks fair trade. President Donald Trump also suggested further tariff hikes, accusing nations of exploiting the US for […]

Indian steel companies are hesitant to announce new investments due to increasing imports, especially from China and South Korea, which may impact domestic prices and profit margins. The National Steel Policy aims for 300 mt capacity by 2030, but current conditions may slow expansions, with profitability expected to remain flat.

The Federation of Indian Export Organisations, along with the International Trade Centre and UK government support, launched the SheTrades India Initiative Hub. This initiative aims to empower women entrepreneurs by providing workshops, mentoring, business matchmaking events, and policy advocacy to help them access international markets and development opportunities.

India and the US are in negotiations for a mutually beneficial, multi-sector bilateral trade agreement focusing on market access, reducing import duties, and removing non-tariff barriers. Both countries aim to double their two-way trade to $500 billion by 2030, with the first part of the agreement expected by fall 2025.

India is considering offering new incentives to exporters to counter the decline in outbound shipments and potential impact of reciprocal tariffs by the US. The proposed ₹2,250 crore Export Promotion Mission aims to boost exports, despite a recent decline in India’s goods exports. The government hopes to achieve $800 billion in goods and services exports […]

New Delhi announced that the certificate of inspection requirement for rice exports from government bodies mainly applies to EU member states, including the UK, Iceland, Liechtenstein, Norway, and Switzerland. The rule is exempt for other European countries for the next six months.

Mauritius’ Foreign Affairs Minister has highlighted the special bond between Mauritius and India, emphasizing India’s role in development projects. He urged Indian investors to use Mauritius as a gateway to Africa. PM Modi’s visit will include National Day celebrations, meetings with dignitaries, and inaugurations of projects supported by India’s grant assistance, along with several MoUs.

Commerce and Industry Minister Piyush Goyal will discuss trade issues with export promotion councils amid the threat of US reciprocal tariffs. Exporters are concerned about potential impacts on India’s largest trading partner, the US. Importantly, trade negotiations are ongoing, with no agreement yet on tariffs reduction despite recent claims by US President Donald Trump.

India is preparing for a potential bilateral trade agreement with the US, aiming to complete the first phase of negotiations by fall. The commerce ministry is gathering industry wish lists for tariff concessions from Washington. The discussions include reducing tariffs on items such as American nuts and seeking a zero-duty structure for textile trade to […]

India’s thermal coal imports decreased for the sixth consecutive month in February, mainly due to slowed manufacturing activity and increased domestic production. Imports fell by 15.3% to 12.16 million metric tons. While coal consumption is expected to rise during the summer months, it might not boost imports significantly due to growing domestic output.