Page 3 - Trade Policy

India could double US energy purchases this year to offset tariff threat

India's crude oil imports from the US hit a two-year high in April, with US market share tripling since February, as both nations work towards a trade deal to rationalise import tariffs

China appoints new top trade negotiator amid tariff tensions with US

China appointed a new top international trade negotiator on Wednesday amid tariff tensions with the US. The government said that Li Chenggang has been appointed to replace Wang Shouwen, who participated in the trade negotiations for the 2020 trade deal between the China and the US. The world's two largest economies have been steadily increasing tariffs on each other's goods since the US raised tariffs on dozens of countries. China faces 145% taxes on exports to the US, while other countries were given a 90-day reprieve for most duties.

Dubai offers Indian companies a low-tariff launchpad into emerging markets

Mohammad Ali Rashid Lootah added that with strong trade ties that go back to the age of the spice and silk routes, both the countries can collaborate to meet the growing demand in emerging markets

Watch: China digs out Reagan's 1987 speech on tariffs to rebuke Trump

China posted the video after Donald Trump put an additional 34 per cent tariff on Chinese goods. The footage shows Reagan warning that businesses shut down as a result of imposing tariffs

Statsguru: Donald Trump's reciprocal tariffs present a mixed bag for India

India is not a major player in the US market - 10th-biggest with a share of just 2.68 per cent in the US' total imports in 2024

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

'Merchanting trade' includes supply of goods within same foreign country

The CBEC Circular no.38/97-Customs dated 19th September 1997 says that any group company having status recognition as 'export house' under the FTP can give the corporate guarantee

US reciprocal tariff: Time to abandon protectionist mindset, says Goyal

Reflecting on the changing global scenario, the minister has assured all export promotion councils that the government is working on an overtime basis

India must prepare for greater responsibilities: NITI Aayog's Suman Bery

Echoing a growing sentiment from the top echelons of the government, Bery expressed disappointment over India Inc's reluctance to invest substantially in the economy

Economic Survey flags rising imports, services sector remains key export driver

A sharper rise in imports, which grew by 6.9 per cent to $682.2 billion, widened the trade deficit from $69.7 billion in 2023 to $79.5 billion in FY25 (April-December)

What does Union Budget 2025 have in store for India's trade policy?

Since the IES expired on December 31, the commerce department is seeking approval for a slightly modified version of the scheme to cover at least MSMEs

US global 'supplemental tariffs' to target trade-surplus countries

Trump has not yet announced higher tariffs on China, although he mentioned a 10 per cent tariff hike over a month ago

Year in review: Energy woes to AI boom, top global economic trends of 2024

From continuing energy market volatility driven by geopolitical tensions to the AI boom transforming industries, economic trends have been anything but predictable

Govt aims to secure Russian crude oil term deal by next financial year

Falling crude prices, shrinking global demand growth, and Rosneft's focus on India, make the timing right

Asia-Pacific credit volatility expected in 2025 amid slow growth: S&P

Forecasts on credit conditions become unstable as trade and foreign policy under Trump 2.0 administration remain unclear

Sensible trade policy key to tackling climate change on a global scale

A key agreement at Baku was on establishing high integrity carbon markets, following a breakthrough on establishing standards for a centralised international carbon market

India, EU FTA negotiation priority, both sides pushing for early deal: MEA

During their bilateral talks at the Laxmi Vilas Palace in Vadodara, PM Modi and Sanchez discussed a wide range of topics, including trade, defence, and technology collaboration

India ramped up Russia crude oil imports in June quarter: Govt data

Growth set to build on June qtr's $14.7 bn oil inflows amid competition from UAE, Iraq

Govt looking at revising FDI policy, says commerce secretary Barthwal

Currently, the share of FDI equity inflows is a mere 0.01 per cent of the total inflows

India flagged concerns with Russia over non-tariff barriers: Commerce secy

The trade between both countries expanded rapidly over the last two financial years