US tariffs trigger global trade turmoil as sweeping duties hit 60+ nations, sparking disputes with India, EU, and tense talks with China.
India-UK FTA Poised to Reshape Air Cargo
News: The UK-India Free Trade Agreement (FTA), signed in July, marks the most comprehensive UK trade pact since Brexit, aiming to double bilateral trade to US$120 billion by 2030. Covering 99% of Indian exports and major UK goods, it is projected to add £4.8 billion to UK GDP…
Indian Industry Seeks FTAs and Sustainable Policies
News: At FICCI’s 14th Massmerize conference themed “Make in India: Powering the Future of FMCG, Retail and E-Commerce”, industry leaders urged the government to expand Free Trade Agreements (FTAs) for preferential market access and cost advantages against competitors like Bangladesh and Vietnam. Mohanlal Sons CEO Mayank Mohan stressed…
Rare Earth Export Restrictions from China Strain India
News: The government informed the Lok Sabha that China’s restrictions on exporting rare earth magnets have created supply chain bottlenecks, affecting Indian industries, including EV manufacturers. Minister Prasada said the Mines Ministry is actively working to build resilience in critical mineral supply chains through regular consultations with…
Jaishankar Calls for Reliable Partners
News: External Affairs Minister S. Jaishankar, speaking at the India-Russia Business Forum in Moscow, stressed the importance of dependable partners, diversified markets, and secure supply chains amid global turbulence from Covid, conflicts, and economic shifts. He warned against over-dependence on limited markets, narrow connectivity, and a few suppliers, highlighting the…
India-China Trade May Surge Amid Global Shifts
News: Donald Trump’s return to the White House has triggered a trade shock, with U.S. tariffs on Indian goods raised to 50%, threatening $90B in exports and straining ties. In response, India is pivoting towards a multipolar strategy, deepening engagement with China.
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Piyush Goyal Stresses Need for Resilient Supply Chains
News: Commerce and Industry Minister Piyush Goyal urged the industry to build resilient and self-reliant supply chains to shield agriculture from global shocks, citing China’s export curbs on di-ammonium phosphate (DAP) that triggered shortages and higher prices. Stressing the need for fertiliser, pesticide, and insecticide security, he…
U.S. Imports Decline Sharply in June
News: U.S. imports fell more than expected in June as tariff concerns hit retailers, according to the National Retail Federation (NRF). Ports handled 1.96 million TEU, down 8.4% year-on-year, missing forecasts of 2.06 million. The decline follows President Trump’s tariff hikes, now ranging from 10% to 50%, with India,…
Lok Sabha Clears Indian Ports Bill 2025
News: The Lok Sabha on Tuesday passed the Indian Ports Bill, 2025, replacing the 115-year-old Indian Ports Act, 1908, with a modern framework to boost trade efficiency, cut logistics costs, and strengthen India’s global maritime position. Introduced by Union Minister Sarbananda Sonowal, the bill streamlines port procedures, promotes…
Indian Exports at Risk as U.S. Imposes 50% Tariff
News: The U.S. has raised tariffs on Indian imports to 50%, dealing a major blow to key export sectors. The hike, linked to India’s crude oil trade with Russia, adds an extra 25% duty from August 27, on top of the earlier 25% imposed August…
India Logistics Cost Set to Drop Below 10%
News: Union Minister for Road Transport & Highways Nitin Gadkari said India’s logistics cost will fall below 10% by December 2025, boosting competitiveness with China (8%) and the U.S. (12%). He highlighted the government’s push toward electric mobility, biofuels, ethanol blending, and hydrogen fuels, alongside rapid expansion…
President Donald Trump’s recent trade deals have set new tariff rates—20% for Vietnam and 19% for Indonesia and the Philippines—targeting Southeast Asia’s $352 billion exports to the U.S.