Trump urges EU to impose 100% tariffs on India, China to pressure Putin: Sources

Donald Trump has asked EU officials to impose tariffs on China and India. The aim is to put pressure on Vladimir Putin. China and India buy Russian oil. This helps Russia’s economy during the Ukraine invasion. Trump suggested the US might increase trade with India later. He mentioned working to resolve trade issues.

President Trump indicated ongoing trade negotiations with India, expressing optimism for a successful deal despite past tensions. This shift follows earlier warnings about India’s relationship with China and disagreements over tariffs and Russian oil purchases. The U.S. seeks to address a significant trade deficit, with two-way goods trade totaling $129 billion in 2024.

Trade negotiations between India and the EU are progressing rapidly, with a potential free trade agreement substantially concluded by the time EU trade and agriculture commissioners visit India. Approximately 60-65% of the chapters are already finalized. However, Goyal criticized the domestic steel industry for prioritizing cheaper imports over supporting local producers, undermining India’s self-reliance efforts.

India and New Zealand convened Foreign Office Consultations in New Delhi, focusing on bolstering bilateral relations across defence, trade, and education. Discussions, led by Neena Malhotra and Grahame Morton, reaffirmed commitment to deepen partnership and continue high-level exchanges. The meeting follows ongoing FTA negotiations and a recent defence cooperation meeting, highlighting the growing economic partnership […]

White House trade advisor Peter Navarro stated that India needs to reconsider its trade negotiations with the United States. He described India as having high tariffs. Navarro also mentioned India’s increased oil purchases from Russia. He suggested that India’s current path aligns it with Russia and China. Navarro believes this alignment will not benefit India.

The government has updated rules for exporting specific animal by-products. This change aligns with European Union standards. Products affected include retail dog and cat food. Also impacted are compounded animal feed and concentrates. The Directorate General of Foreign Trade issued the notification. Exports are now allowed only under particular conditions. This revision aims to meet […]

Bangladesh has permitted the export of 1,200 tonnes of Hilsa to India, setting a minimum price of Rs 1,100 per kg. This decision, made ahead of the festive season, comes despite Bangladesh’s own reduced Hilsa landings this year. While last year’s exports were higher, actual imports into India were significantly lower due to time constraints.

Piyush Goyal met Bezalel Smotrich to boost trade. They aim for mutual growth. India and Israel signed a Bilateral Investment Treaty. They are negotiating a Free Trade Agreement since 2010. Bilateral trade fell in FY24. India has received FDI from Israel. Israel wants to collaborate on the India-Middle East Europe Economic Corridor. Both nations are […]

India cautioned against weaponizing export measures at the SCO trade ministers’ meeting, emphasizing the need for fair trade practices and a functional WTO. India highlighted diversifying supply chains, addressing trade imbalances, and ensuring climate measures don’t discriminate. The nation also proposed SCO workstreams for the digital economy and spotlighted the AVGC sector’s potential.

European Commissioner for Trade and Economic Security, Maroš Šefcovic, is also expected to visit India later this week as both sides attempt to finalize the trade pact by the end of the year.