US Tariff Hikes

OECD head Mathias Cormann said the trade shocks triggered by US President Donald Trump's tariff hikes had so far proved relatively mild, but added their costs were likely to rise

The US imposed tariffs of up to 50% on imports from India starting in late August even as negotiations between the two countries continued

The IMF identified further escalation of trade tensions and deepening geoeconomic fragmentation as a significant near-term risk for India

In an executive order, Trump exempted dozens of Brazilian food products, including coffee and beef, from the 40% increased tariffs he imposed in an ill-fated attempt to help former President Jair

The report, which was initially scheduled for release on October 7, was delayed because of the recently ended 43-day shutdown of the government

India is expected to gain from the US decision to roll back reciprocal tariffs on certain agricultural products such as tea, coffee and spices, the commerce ministry said on Monday. A White House Executive Order issued on November 12 excludes coffee, tea, tropical fruits, fruit juices, cocoa, spices, bananas, oranges, tomatoes, beef and certain fertilisers from the April 2 reciprocal tariff regime. The exemptions took effect on November 13. The Commerce Ministry said that while this applies to all trading partners, it creates a level playing field for Indian exporters. India exports these goods worth over USD 1 billion annually. These products included fruits and nuts, processed foods, spices, tea and coffee, essential oils, and vegetable and edible roots. "Now our exports will have a level playing field," Joint Secretary in the Department of Commerce Darpan Jain told reporters here. However, think tank GTRI has said that India will have a small gain from the US move. "India has

Gold prices are likely to remain volatile in the coming week but may find support as focus shifts to key US economic data releases, including jobs report and the Federal Reserve's meeting minutes for fresh signals on the interest rate decision, analysts said. Investors will also closely watch Federal Reserve Chair Jerome Powell's speech on Wednesday. Along with comments from other Fed officials throughout the week which will drive the gold prices, they added. "The volatility is expected to remain high, but prices may find some support... Focus will be on the US economic data releases, which may give some clues on the health of the American economy & possible some direction on the Fed's rate outlook," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. On a weekly basis, gold futures for December delivery climbed by Rs 2,494, or 2.06 per cent in the past week, on the Multi Commodity Exchange (MCX). "The precious metal rallied ...

The US has rejected India's claim that the 50 per cent tariffs imposed by Washington on copper are safeguard measures under World Trade Organization (WTO) rules, stating there is no basis for New Delhi's proposal to suspend duty concessions on American goods. The tariffs were imposed on August 1. As India is an exporter of copper products to the US, it has sought consultations with the US on the matter under the WTO safeguard agreement in September. India has stated that the duties, although claimed to be taken for security interests, are safeguard measures. "These actions are not safeguard measures. Accordingly, there is no basis for India's proposal to suspend concessions or other obligations under...the Agreement on Safeguards with respect to these measures," according to a communication, dated November 6, from the US in response to India's notification. A WTO member may take a safeguard action (restrict imports of a product temporarily) under the WTO Agreement on Safeguards to

At issue is the legality of his signature economic policy: the use of emergency powers to impose sweeping tariffs on nearly every US trading partner

The Directorate General of Foreign Trade (DGFT) announced the launch of Bharat Aayat Niryat Lab Setu

Fed's cautious tone and renewed trade concerns triggered profit booking, pulling Sensex and Nifty down even as indices stayed near record highs

Both countries are negotiating a comprehensive resolution that addresses both the pending issues in their trade deal and Washington's concerns over New Delhi's continued purchase of Russian oil

Commerce Secretary Rajesh Agrawal to lead delegation for India-US trade talks in Washington this week, as both sides aim to finalise the first phase of the BTA by fall 2025

Sergio Gor meets PM Modi and senior officials ahead of India's participation in the Trump-El Sisi-led Gaza peace summit, with talks focusing on trade and defence

Says no sector should be protected and markets need to be opened up globally

Lot of green mobility possibilities if there is more openness to Chinese tech

The two will also engage with businesses and industry leaders on opportunities presented by the India-UK CETA as a central pillar of the future India-UK economic partnership

Once implemented, the new tariffs, ranging from 10 per cent to 25 per cent, will replace the current 50 per cent duties that India is facing

The hefty tariffs slapped by Donald Trump have prompted New Delhi to double down on multipolarity, the new buzzword in international relations. This took PM Modi to rarely visited countries by leaders

Officials told a parliamentary panel that India's FTAs with EFTA and the UK will ease the impact of US tariffs on marine exports, while diversifying markets beyond America