U.S. President Trump’s “Most Favoured Nation” (MFN) pricing policy seeks to lower prescription drug costs by ensuring the U.S. pays no more than the lowest price worldwide. This could pressure countries like India, a major producer of affordable generics, to raise drug prices — potentially undermining the global competitiveness of...
This week, rice export prices from Thailand fell to their lowest point in more than three years, impacted by a market oversupply and newly imposed U.S. tariffs by President Donald Trump. At the same time, India’s export prices approached a two-year low due to subdued global demand. Despite short-term challenges,...
The World Trade Organization has cautioned that new U.S. tariffs may lead to a roughly 1% decline in global merchandise trade volumes this year. WTO Director-General Ngozi Okonjo-Iweala warns of the risk of a tariff war and economic repercussions. However, the WTO chief pointed out that despite these new measures,...
U.S. President Donald Trump has imposed a 25% tariff on imported automobiles and auto parts, aiming to boost domestic manufacturing but triggering global trade tensions. The move has sparked backlash from key U.S. trade partners, who are now considering retaliatory measures. While India does not export many cars to the...
Tariffs are back at the center of US trade policy as President Donald Trump rolls out a fresh wave of duties on key trade partners, including Canada, Mexico, China, and potentially the EU. His latest move—reciprocal tariffs—aims to match import duties imposed on American goods by other nations. India, often...
With Trump’s historical support for stronger India-US ties, many anticipate new trade dynamics that could benefit Indian exporters, especially given Trump’s focus on reducing US dependence on Chinese imports. His proposed “Trump Tariffs” on Chinese goods could open doors for India in sectors like electronics, pharmaceuticals, and textiles, positioning Indian...
Donald J. Trump has secured a return to the White House as the 47th President of the United States, following a resounding electoral victory over Vice President Kamala Harris. With decisive wins in key swing states, Trump becomes only the second U.S. president to serve two non-consecutive terms. His win...
Indo-US relations are expected to remain complex under the Joe Biden administration, even as the former can expect a more pragmatic and ‘multilateral’ approach on trade issues. However, in the aftermath of the pandemic, India must be prepared for the fact that economic compulsions will be prime for the US...
Under Joe Biden, US & India have to be more accommodative on specific transactional issues hampering their limited trade deal. It is important for the world’s oldest and largest democracies to factor in the broader geostrategic contours of their economic partnership in the post-COVID world, for which the Quad could...
• In a bid to arrest COVID-19 induced unemployment in the country, US has decided to temporarily suspend new work visas at least until the end of the year. • This move affects Indian IT industry in particular as the country accounts for the largest number of H-1B visa applications....
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