India to pay 10% tariff, White House urges trade partners to abide by trade deals

The US has imposed a 10% global tariff, impacting India as part of its trade deal, following a Supreme Court ruling that limited President Trump’s authority under the IEEPA.

India’s government has launched a significant export promotion mission. Seven new measures aim to boost outbound shipments. These include credit assistance for e-commerce exporters and support for alternative trade instruments. The mission focuses on addressing key constraints for MSME export growth. It will simplify processes and enhance access to finance for businesses.

India and the US are set to sign an interim trade deal in March, with implementation expected the following month. This agreement aims to boost bilateral trade and investments. US officials are scheduled to visit New Delhi for the signing. The deal is anticipated to benefit India’s labour-intensive sectors and open new business avenues for […]

Prime Minister Narendra Modi and Greek counterpart Kyriakos Mitsotakis met on the sidelines of the India AI Impact Summit. They agreed that the India-EU FTA will boost trade and investment, and discussed strengthening cooperation in new areas. Both leaders also appreciated the potential of the India-Middle East-Europe Economic Corridor (IMEC).

India is seeking enhanced collaboration with Switzerland in research, biotechnology, and pharmaceuticals. This move aims to bolster economic relations between the two nations. Swiss investments are also being encouraged in areas of Switzerland’s technological expertise.

India’s exports to EU: Of India’s USD 19.3 billion in global automotive exports during the first nine months of 2025-26, the EU’s share rose to 11.6 per cent from 9.8 per cent in April-December 2024, the data showed.

India has significantly advanced its Free Trade Agreement (FTA) strategy, prioritizing deals with Western developed economies like the EU and USA. While these agreements offer substantial market access, the key challenge lies in effectively utilizing them for export growth, moving beyond traditional sectors and attracting FDI.

A senior US lawmaker has criticized President Trump’s decision to impose tariffs on India for buying Russian oil. Congressman Brad Sherman stated that Trump is seeking excuses for these tariffs. He pointed out that other countries like Hungary and China import more Russian oil without facing similar penalties.

India and Canada are set to finalize terms for free trade agreement talks. Canadian Prime Minister Mark Carney’s upcoming visit to India is expected to see this agreement. Talks for a trade pact were paused by Canada in 2023. Both nations are now resuming negotiations to establish a mutually beneficial trade pact. Chief negotiators have […]

India aims to diversify its crude oil and coking coal imports, expressing interest in high-quality US coking coal. The nation also seeks US technology like GPUs for AI and data center equipment. India plans to purchase USD 500 billion in goods from America over five years. This trade deal opens opportunities for Indian firms in […]