The United States and China held trade talks in Geneva, reporting meaningful progress toward easing tensions. Led by Treasury Secretary Scott Bessent, the U.S. side engaged with Chinese officials who emphasized national principles, while President Trump hinted at a tariff reset. Both nations agreed to a 90-day pause in the...
India has initiated consultations at the WTO over the US’ fresh 25% tariffs on steel and aluminium, while simultaneously engaging in bilateral discussions to resolve the issue. The US maintains that the duties fall under its national security law, not safeguard measures, but is open to dialogue. Image Source: Freepik...
Global trade tensions have intensified following US President Donald Trump’s announcement of steep reciprocal tariffs on over 50 countries, including a 26% duty on Indian exports. Although a surprise 90-day reprieve has temporarily softened the blow, the move has raised alarms across markets, with analysts warning of lasting impacts on...
ICRA states that the recent US tariffs on India’s passenger vehicle exports will have little impact due to low shipment volumes. However, higher duties on auto components, particularly aluminium and steel parts, may hurt Indian exporters’ revenues and earnings in the coming months. Image Credit: Shutterstock The recent announcement of...
Dr. Arpita Mukherjee, Professor at ICRIER examines the implications of U.S. tariff actions on global trade and multilateral frameworks. She highlights the challenges India faces in leveraging the China+1 strategy, emphasizing the need for policy clarity and tariff rationalization. Discussing a potential Bilateral Trade Agreement with the US, she underscores...
Dr. Nilanjan Banik, Program Chair at Mahindra University, sees US tariff actions as a move to correct trade imbalances and reduce reliance on China. While this disrupts global supply chains and WTO-led governance, it also accelerates the China+1 strategy. India must enhance trade logistics and streamline regulations to benefit. At...
The Indian rupee has weakened in 2025 due to US tariff policies, foreign outflows, and market uncertainty, depreciating over 2% against the dollar. While exporters struggle with rising input costs, importers face higher expenses for essential goods. The depreciation has also made foreign education and travel costlier, though NRIs benefit...
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...
In January 2025, the U.S. welcomed Donald Trump as its 47th president. True to his promises, he announced sweeping tariffs on all steel and aluminum imports starting March 12, triggering global trade tensions. Mexico, Canada, and the EU condemned the move, while Japan and Australia sought exemptions. As uncertainty rises,...
The World Bank and other economic experts warn that proposed US tariffs, including a 10% global levy and specific duties on Chinese, Canadian, and Mexican imports, could hinder global economic growth. These measures, coupled with potential retaliation from trading partners, could lead to a broader economic downturn, especially for developing...
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