David Kohler, CEO of Kohler Co., expressed hope that India and the US would resolve ongoing tariff tensions, calling both nations “historic friends and trading partners.” While current tariffs do not affect Kohler’s India operations directly, they may influence export destinations from its India plant. India is among Kohler’s top three global markets and the […]
US tariffs may alter export plans from India: Kohler CEO
EU buys more LNG from Russia, less from US
3 months ago
Despite the Russia-Ukraine war, the European Union’s reliance on Russian LNG has grown. Imports increased by 9% since 2022, costing the EU billions. This contrasts with sanctions imposed on an Indian refinery with Russian ties. Trade between Europe and Russia extends beyond energy, encompassing various goods. India’s trade with Russia is significantly less than Europe’s.
Trump tariffs on India: India is grappling with the potential economic repercussions of US President Trump’s tariff threats, triggered by India’s trade practices and Russian oil purchases. The government is exploring measures to support exporters and considering easing dairy market access for the US to appease Trump.
India is currently hosting envoys from various nations to advance the IMEC initiative. This project aims to establish a rail and ports network connecting India, the Middle East, and Europe. The IMEC seeks to reduce logistics costs and transportation time significantly. It also aims to foster trade and cultural connections.
In June, the U.S. trade deficit narrowed significantly, particularly with China, reaching its lowest point in over two decades due to President Trump’s tariffs. However, these tariffs are impacting the broader economy, as the services sector shows signs of slowing down with rising costs and business uncertainty. Despite a rebound in GDP, concerns about weakening […]
President Trump threatened to substantially increase tariffs on Indian imports due to continued Russian oil purchases, despite India’s strong response and accusations of unfair targeting by the US and EU. India defends its actions as safeguarding national interests and economic security, highlighting its growing economy amid global uncertainty. Trade negotiations continue with scheduled talks in […]
India’s textile sector proposes a strategic move. They suggest eliminating the 11% duty on raw cotton imports. This could be a bargaining chip in trade talks with the United States. The goal is to secure favorable terms for Indian textiles and garments. Removing the duty may boost export competitiveness.
India plans Rs 20,000-crore Export Promotion Mission to offset US tariff impact, boost global trade
3 months ago
India is set to launch a ₹20,000 crore Export Promotion Mission by September, aiming to protect exporters from global trade uncertainties. The initiative, driven by multiple ministries, includes measures for easy export credit, tackling non-tariff barriers, and promoting Brand India. This plan seeks to mitigate the impact of the US’s 25% tariff on Indian goods […]
India strongly protested against potential US tariffs for importing Russian oil, arguing that it’s essential for affordable energy and national interest. The Ministry of External Affairs highlighted that the US and EU are unfairly targeting India while maintaining significant trade ties with Russia themselves, including energy and critical materials. India emphasized its role in stabilizing […]
Fitch Ratings reports a significant increase in US tariffs on Indian goods by 2025. This rise to 20.7% from 2.4% may hinder India’s economic expansion. Goldman Sachs has already lowered India’s growth forecasts. HDFC Bank also anticipates a GDP growth reduction. Moody’s Ratings suggests potential challenges for India’s manufacturing sector. However, India’s economy is expected […]