India faces a major trade disruption after the US imposed a 50% tariff on Indian exports, threatening US$ 49 billion and heavily impacting sectors like carpets, apparel, gems, and made-ups. To mitigate risks, the government has rolled out a phased strategy: short-term measures include liquidity support, SEZ relaxations, GST rationalisation,...
WTO anticipates subdued global merchandise trade growth in 2025 and 2026, with President Trump’s new “reciprocal tariffs” offsetting some of the gains from an improved 2025 outlook. Trade is forecast to expand by 0.9% in 2025—up from April’s -0.2% estimate—driven by a surge in US imports ahead of tariff increases....
US President Donald Trump has imposed an additional 25% tariff on Indian imports over India’s continued purchase of Russian oil, raising the total tariff to 50%. India strongly criticized the move as “unfair” and defended its reliance on Russian oil as essential for national energy security. The tariffs jeopardize nearly...
In April 2025, the US imposed steep tariffs on Chinese imports, triggering a global shift in trade routes and supply chains. Manufacturers are relocating operations to countries like India and Vietnam, with India emerging as a key beneficiary due to policy support and digital trade reforms. In April 2025, global...
A U.S. trade court has ruled that President Trump’s use of emergency powers to impose sweeping tariffs was unlawful, dealing a blow to his trade strategy. The administration has appealed the decision, which could impact ongoing trade talks with 18 countries. The Trump administration filed an appeal on Wednesday against...
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,...
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