In 2024, the United States exported US$ 159 billion in food and beverages, driven by 1,003 million acres of agricultural land and a focus on bulk raw commodities. In contrast, the Netherlands, with only 4.5 million acres, achieved US$ 111 billion in exports—nearly 70% of the us value—by capitalizing on...
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...
Trump’s new tariffs target China but also threaten other Asian economies with large US trade surpluses. Reciprocal tariffs and non-tariff barriers put India, Thailand, and others at risk, while sectoral tariffs impact key industries like semiconductors and steel. With US President Donald Trump pressing ahead with 25% tariffs on Canada...
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...
The Trump administration’s withdrawal from the OECD’s global tax deal will affect international efforts to build consensus on a global minimum tax, but India remains unaffected. Around 50 of the 140 signatory countries, including several European nations, have implemented Pillar 2 so far, while India has not yet implemented these...
European Union is cracking down on goods made with forced labor. These new rules would empower customs authorities in EU countries to take products off the market, if they are found to have been made using forced labor. Primarily focusing on China, they address mounting evidence indicating Beijing’s utilization of...
The US has been experiencing a drug shortage recently, leading to negative consequences for patients and healthcare providers, compounded by soaring consumer costs. This presents an opportunity for Indian pharma companies to meet the demand for generic drugs in this US$ 527 billion market, and expand exports in the coming years....
World trade hit a record US$ 32 trillion in 2022, but growth turned negative in the closing months of 2022. A report by Geneva-based United Nations Conference on Trade and Development (UNCTAD), says that developing countries’ trade was particularly weak during the Quarter 4 of 2022. Inspite of the bleak...
The US is India’s top F&B export destination in 2020 with exports increasing at a CAGR of 4% between 2017 and 2021. However, share of F&B exports in India’s total exports has been declining. In this analysis, IBT deep dives into the F&B export numbers to identify the most promising...
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...
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