Page 3 - Global Trade

Trump adviser gives nations list to correct 'unfair' global system

Trump economic advisor Stephen Miran called on nations to take greater responsibility in providing global stability

Trump tariffs could slow euro growth by up to 1%, says Greek central banker

Comments come against the backdrop of European Union countries weighing approval of a first set of targeted countermeasures on up to $28 billion of US imports in coming days

This is how Asia Pacific is responding to Trump's reciprocal tariffs

Trump's 10 per cent baseline tariffs take effect, steeper duties start on April 9

Billionaires Ackman, Druckenmiller call Trump tariffs a 'mistake'

The widening criticism - including from Trump ally Ackman - came as Trump offered no indication he was prepared to claw back a punishing trade overhaul set to begin on April 9

Over 50 countries have reached out for tariff talks, say Trump advisors

Top administration officials said Sunday that more than 50 countries targeted by President Donald Trump's new tariffs have reached out to begin negotiations over the sweeping import taxes that have sent financial markets reeling, raised fears of a recession and upended the global trading system. The higher rates are set to be collected beginning Wednesday, ushering in a new era of economic uncertainty with no clear end in sight. Treasury Secretary Scott Bessent said unfair trade practices are not "the kind of thing you can negotiate away in days or weeks. The United States, he said, must see what the countries offer and whether it's believable. Trump, who spent the weekend in Florida playing golf, posted online that WE WILL WIN. HANG TOUGH, it won't be easy. His Cabinet members and economic advisers were out in force Sunday defending the tariffs and downplaying the consequences for the global economy. There doesn't have to be a recession. Who knows how the market is going to react i

Congress can block Trump's tariffs, but Republicans aren't ready to use it

As stock markets tumble in the aftermath of President Donald Trump's sweeping tariffs, Republicans in Congress were watching with unease and talking of clawing back their power to levy tariffs but almost none seemed ready to turn their words into action. The Republican president is upending longstanding GOP principles like support for free trade, yet despite clear misgivings and a Constitutional mandate to decide tariffs, most lawmakers were not ready to cross Trump. Instead, they were focusing all their attention on advancing the president's" big, beautiful bill of tax breaks and spending cuts, even as tariffs in essence, import taxes threatened to raise consumer prices across the board and push the global economy into a recession. As the fallout from Trump's announcement reverberated around global markets, Senate Majority Leader John Thune, who has made it clear he is no fan of tariffs, told reporters that he would give Trump "the benefit of the doubt in hopes that the ...

US tariffs risk slowing global growth significantly: ADB chief economist

US tariffs impose substantial levies on trading partners, including Southeast Asian nations, with Vietnam, Laos and Cambodia facing some of the highest rates

US reciprocal tariffs: Implications for India's global trade partnerships

India is concerned specifically about the reciprocal tariffs the US has threatened to impose on April 2

Industrial goods tariffs be India's focus during trade talks with US: GTRI

Both sides hope to finalise the first tranche of the agreement by the fall of 2025

FTA negotiations: India playing it on the front foot against New Zealand

With elections likely later this year, and given India's influence in the Indo-Pacific, a trade deal is important for the island nation, even more given the turmoil in global trade

India to drive 6% of world trade growth in 5 yrs, 3rd to US, China: Report

DHL Trade Atlas 2025 report reveals that global trade growth continues to show resilience despite geopolitical tensions and trade policy uncertainty

India, New Zealand restart FTA negotiations after a 10-year hiatus

The announcement coincides with New Zealand Prime Minister Christopher Luxon's visit to India

New quality norms for steel parts may hurt small manufacturers: Think tank

Steel fasteners are critical for stability, durability, and safety across various industrial sectors

Govt mulls incentives for exporters amid global trade uncertainty

The government is considering additional incentives for exporters to arrest the decline in India's exports and mitigate the potential impact of reciprocal tariff threats by the Donald Trump administration, sources said. Though the government is yet to formulate the exact form of incentives to be given, the Rs 2,250 crore Export Promotion Mission announced in the Budget has room for flexibility in providing more incentives as the schemes are yet to be notified, they added. India's merchandise shipments witnessed a decline in value terms in the three months between November and January. Merchandise exports were USD 36.43 billion in January compared to USD 37.32 billion a year ago. In December, it stood at USD 38.01 billion against USD 38.39 billion in December 2023, while its outward shipments declined to USD 32.11 billion in November 2024 from USD 33.75 billion in the year-ago month. Commerce and Industry Minister Piyush Goyal is expected to hold discussions with export promotion ..

As Donald Trump unleashes a trade war, here is how the world is responding

President Donald Trump's tariffs on China, India, Canada, Mexico, and the European Union have intensified global trade tensions, prompting swift retaliation and raising fears of economic instability

Economic matters should transcend political divides: Nirmala Sitharaman

BS Manthan: Union Finance Minister Nirmala Sitharaman described the ongoing global turbulence as a "splashing" of forces, urging India to actively participate rather than remain a bystander

India's economic recovery likely clouded by global trade risks ahead

The Indian government has already lowered its GDP growth estimate for the current fiscal year through March to 6.4 per cent

Global order won't be determined by developed nations: FM Sitharaman

Finance Minister Nirmala Sitharaman spoke on the theme 'The Great Reset: India in a New World Order' at BS Manthan

Gautam Adani pledges to invest Rs 1.1 trn across sectors in Madhya Pradesh

Global Investors' Summit 2025: The Adani Group plans to fund projects in pumped storage, cement, mining, smart meters, and thermal energy, aiming to create over 1,20,000 jobs in Madhya Pradesh by 2030

We guide Switzerland SMEs into Indian market: Swiss State Secretary

Once a government signs a deal with another government, in democracies such as India and the EFTA countries, you have to go through ratification in Parliament and or sometimes its Cabinet