Page 13 - Trade

UK reduces import tariffs on everyday essentials in a bid to boost growth

The Department for Business and Trade (DBT) stated that the UK Global Tariff will face a temporary suspension for 89 products

'Zero-for-zero' tariff under proposed India-US BTA unlikely: Report

A 'zero-for-zero' tariff strategy under the proposed bilateral trade agreement between India and the US is unlikely, as the two countries are at different levels of economic development, official sources said. Certain trade experts have suggested that India can propose a 'zero-for-zero' tariff strategy to the US for addressing America's reciprocal tariff hikes. An official said that zero-for-zero tariffs can be possible between the US and the European Union (EU) as both are developed and advanced nations. The India-US agreement will always be a "package" deal that could include issues such as goods and non-tariff barriers, the official said adding "it does not happen like this that if he will do 'zero' in electronics, we will also do in electronics. Trade agreements do not happen like this. It is a wrong thinking". India and the US have been engaged in negotiating a bilateral trade agreement (BTA) since March. Both sides have targeted to conclude the first phase of the pact by fall

India eyes trade pact push as US pauses reciprocal tariffs for 3 months

In February, Prime Minister Narendra Modi and American President Donald Trump had announced the intention to finalise the first phase of a mutually beneficial BTA by the end of 2025

Indian exporters breathe sigh of relief on US reciprocal tariff pause

Industry players have adopted a 'wait-and-watch' mode

Trump tariffs: Who will have the last laugh amid policy flip-flops?

Mr Trump may temper his approach from time to time, but to think that he will change his basic philosophy is delusional

It is not over: Trump's tariff pause does not fundamentally change much

A tariff pause doesn't fundamentally change much

US reciprocal tariffs, market volatility cast shadow on India's M&A scene

Bankers say several big-ticket deals now on pause as buyers seek time to navigate valuation fog

Trump's tariffs bring cheer to Maga base, but hurt US jobs and industry

The tariff wars that Trump has unleashed overlook his country's biggest competitive advantage - and may even irreparably harm it in the future

India must seize Trump shock as moment for deep structural reform

The Trump trade shock is a chance to push long-overdue reforms, rather than tinker with tariffs to appease the US

Tariff-led global headwinds likely to dent govt revenues in FY26

Economists have projected the growth impact of slowdown in exports on India to be up to 50 basis points in FY26

The closing of the US: Americans likely to suffer more than others

The various higher tariffs Mr Trump presented last week at his memorable ceremony in the White House Rose Garden will come into effect on Wednesday

Tata group's Chandrasekaran flags supply chain issues amid tariff headwinds

Tata Sons chairman says reciprocal tariffs may be negotiated bilaterally across the globe

US-China tariff war deepens after Trump's latest threat | Trump's tariff | Trade tensions

Tensions are heating up once again between the US and China, as US President Donald Trump has threatened to slap an extra 50% tariff on all Chinese goods, and China isn't staying quiet.

Oil prices decline 2% as US-China trade conflict fuels recession fears

Brent futures were down $1.17, or 1.78%, to $64.41 per barrel at 1303 GMT, and U.S. West Texas Intermediate crude futures were down $1.17, or 1.89%, at $60.82

Trump tariff shadow looms over FY26 growth outlook of IT cos, say experts

Rising global uncertainty and fear of slowdown in its biggest market, the US, is seen taking a toll on the Indian IT industry's showing, with several analysts now warning that a possibly weak exit for the just-ended FY25 may be followed by an "unexciting guidance" or outlook pullbacks for FY26 as well as pain up ahead in verticals such as retail and manufacturing. Discretionary spends, they say, would most likely come under cloud, again, dashing any hopes of its near-term recovery. Market watchers further warn that the next 3-6 months could see a build up of negative news -- including earnings cuts and potential pullbacks in FY26 guidance. Retail and manufacturing verticals are being called out by industry pundits as particularly vulnerable, amid global aftershocks, and market carnage. That said, some believe that "survival spend" may come into focus, as also GenAI. While near-term prospects remain muted, outlook could turn favourable in the second half of FY26, driven by macro ...

Trump tariffs: Govt sets up working group to monitor possible import surge

The commerce ministry is stepping up efforts to help exporters explore new markets to push outbound shipments while also setting up a working group to monitor possible surge in imports from countries like China to tackle the impact of sweeping tariffs announced by the US, source said. The ministry is also fast-tracking formulation of its export promotion mission to support exporters in areas such as providing credit at affordable rates; and negotiations of proposed free trade agreements with the European Union, Oman, New Zealand and the UK. Additionally, concerned officials have been directed to hold a series of bilateral meetings with the identified 20 countries such as Australia, Brazil, China, and France for pushing India's exports. These developments come at a time when exporters and industries have raised concerns that the additional 26 per cent import duty imposed by the US on India may hurt them. The identified 20 countries are Australia, Brazil, Bangladesh, China, France, .

Spiralling downwards: Govt must make careful moves on trade talks

Beijing can perhaps take the risk of a strong line because it is now less dependent on direct exports to the US than it has been in the past

US buyers rethink India orders as Trump's reciprocal tariff woes bite

Buyers are reassessing existing orders, with some seeking discounts. They are also exploring the best possible sources for imports, given the varied but steep reciprocal tariffs, exporters said

US tariffs: Exporters must be ready to prove origin of goods to Customs

Rules of origin (RoO) are used by most countries to implement measures such as anti-dumping duties and anti-subsidy countervailing duties

India may emerge as low-tariff hub for US-bound consumer durable exports

Electronics makers begin talks with US importers; Dixon, Super Plastronics see opportunity