Putin warns Trump’s India tariffs could boomerang on US economy

Russian President Putin criticised U.S. efforts to pressure India and China into reducing energy ties with Russia, warning that higher tariffs could raise global prices, force the U.S. Federal Reserve to keep interest rates high, and slow the U.S. economy. He added that India and China “will not allow themselves to be humiliated.”

GHCL Ltd, India’s second-largest soda ash producer, has sought anti-dumping duties on cheap imports from China and other global exporters, as surging shipments erode local margins. The company faces pressure from China’s massive surplus capacity, despite operating at 98% capacity and eyeing future demand from India’s solar energy sector.

Union Minister Piyush Goyal announced the India-EFTA Trade and Economic Partnership Agreement (TEPA) has come into force, marking a significant milestone in India’s engagement with developed nations. This landmark deal, featuring a robust IP chapter, targets USD 100 billion investment and one million jobs, reflecting India’s growing global confidence and strength.

Commerce and Industry Minister Piyush Goyal said India hopes to soon sign a free trade agreement (FTA) with the European Union (EU) to boost trade and investment. Negotiations resumed in June 2022 after an eight-year gap and aim to conclude by December. The FTA covers 23 areas, including goods, services, investment, intellectual property, and sustainable […]

The trade agreement between India and the four-nation EFTA bloc has come into force, securing a $100 billion investment commitment for India over 15 years. India will phase out customs duties on products like Swiss watches and chocolates over a decade.

India and the EFTA bloc have activated their TEPA, establishing a monitoring mechanism for EFTA’s $100 billion investment commitment over 15 years. This significant pact, contingent on India’s GDP growth, allows New Delhi to partially withdraw tariff concessions if investment targets are not met, strengthening the rule of law.

Switzerland seeks a bilateral investment treaty with India. This follows a new trade pact with EFTA nations. The pact includes a 100 billion dollar investment commitment over 15 years. India is negotiating similar treaties with other countries. These agreements protect and promote investments. India aims to improve its investment regime. The country signed two such […]

The government extended the RoDTEP Scheme for exporters. This export support measure was prolonged until March 2026. The scheme refunded taxes and duties to boost export competitiveness. This extension provided relief to exporters facing global challenges. It ensured policy continuity for planning future exports. The move helped sustain momentum in the trade environment.

Commerce Minister Piyush Goyal affirmed India’s commitment to self-reliance, strengthening supply chains to prevent trade weaponization. He positioned India as a top global investment destination, a stable and rapidly growing economy amidst global volatility. With GDP soaring to 7.8% and recent GST reforms simplifying taxes, India aims to boost consumer spending and economic confidence, while […]

Commerce Minister Piyush Goyal announced India’s focus on self-reliance and resilient supply chains to counter trade weaponisation, amidst global disruptions including US tariffs. Andhra Pradesh Chief Minister N Chandrababu Naidu highlighted the state’s efforts to attract investments in technology, steel, and petrochemicals, with plans for a quantum valley and major industrial projects.