India can supply cars, milk products to Africa, procure gold, diamonds, agri goods in exchange: Piyush Goyal

Piyush Goyal proposed boosting India-Africa trade ties, offering to import products affected by third-country actions. He highlighted opportunities to double bilateral trade to $164 billion by 2030, focusing on critical minerals, agriculture, and technology. India aims to supply motor cars and milk products, while increasing imports of diamonds, gold, petroleum, and pulses from Africa.

Commerce and Industry Minister Piyush Goyal announced upcoming measures to boost exports and domestic consumption, assuring support against unilateral tariffs, particularly the recent US imposition. The government is exploring alternative markets and anticipates the GST Council meeting will stimulate domestic manufacturing. Goyal emphasized India’s self-reliance and determination to exceed last year’s export figures, urging businesses […]

Finance Minister Nirmala Sitharaman assured exporters of comprehensive government support to maintain growth, following the US imposing additional tariffs on Indian goods. She emphasized protecting workers’ livelihoods and urged industry leaders to ensure job continuity amidst global challenges.

Amidst escalating tensions, the US, under President Trump, is adopting a confrontational stance towards India, drawing criticism from Western intellectuals. Experts lament the potential damage to long-standing US-India relations, citing aggressive tariff threats and visa restrictions.

India is contemplating initiating consultations with the United States at the World Trade Organization (WTO) regarding tariffs imposed by Washington on copper imports. This action mirrors previous consultations sought by India concerning US tariffs on steel, aluminum, automobiles, and auto components.

The Indian government has prolonged the import duty exemption on cotton until December 31st to aid the textile industry during the festive season, following a drop in domestic cotton production. This move aims to lower input costs for exporters, especially after the US imposed a 50% tariff on Indian goods.

India anticipates restarting talks with the United States on a proposed bilateral trade agreement. Resolving the 50% tariff issue on Indian goods is crucial for the deal. The government considers support for exporters, including an export promotion mission. Washington seeks tariff reductions on various products. India’s exports to the US rose in April-July FY26.

US National Economic Council Director Kevin Hassett cited India’s reluctance to open its markets to American products, describing the India-US relationship as “complicated.” This follows Washington’s imposition of 50 per cent tariffs on Indian goods. Hassett linked these tariffs to geopolitical efforts pressuring Russia over the Ukraine conflict, hinting at further escalation if India doesn’t […]

US Trump Tariffs News: White House trade adviser Peter Navarro has branded the Ukraine conflict “Modi’s war,” claiming India’s discounted oil purchases from Russia bankroll Moscow’s invasion and raise costs for American taxpayers. His remarks came as US tariffs on Indian goods doubled to 50 percent, affecting more than half of exports. India insists its […]

Reserve Bank of India will meet with industry leaders to discuss the impact of US tariffs. The consultation is planned for September. It will assess how the 50% tariffs affect various sectors. Labour-intensive industries may face significant challenges. The meeting will also cover the India-UK trade agreement. RBI aims to cushion the economy from the […]