Page 14 - Trade

How US levy could play out: Export tariff rates before and after April 9

EY analyses how the US move would pan out across sectors in India

An unavoidable product of democracy: Trump tariffs ignore economic theory

The hallmark of the populist has always been the willingness to risk it all in service of his personal ambition and national honour

Higher US tariffs on rival manufacturing hubs can benefit India: MAIT

The 26 per cent tariffs imposed by the US on India may create some headwinds, but relatively higher levies on competing nations may hand India an edge, tilting the scales in its favour and increasing its appeal in global supply chains, according to electronics and IT hardware industry body MAIT. Manufacturing hubs such as China face a 54 per cent levy, Vietnam (46 per cent), and Thailand (36 per cent) as a result of the US' sweeping tariff actions, which have since spooked financial markets and trade partners. India's USD 7-billion smartphone exports to the US may face some pressure due to evolving trade policies, but the real advantage lies in the comparative tariffs imposed on competing nations, Manufacturers Association for Information Technology (MAIT) said. "While US trade barriers could theoretically dampen India's export volumes, the higher reciprocal tariffs on China and Vietnam create a relative advantage for Indian manufacturers. This discrepancy tilts the scales in India'

US tariffs to have small, indirect impact on India: NITI member Virmani

The US reciprocal tariffs will have a small indirect effect on India given the domestic economy's low dependence on foreign trade, NITI Aayog member Arvind Virmani said on Friday. He further said that in the medium term, the negative factors emanating from the imposition of tariff would be minimised with the implementation of the first phase of the proposed USA-India Bilateral Trade Agreement. In the long term, the eminent economist said the final BTA with US will aim to enhance the potential gains during the next 5 to 10 years. The US has announced 26 per cent reciprocal tariffs on India saying New Delhi imposes high import duties on American goods. "This (26 per reciprocal tariffs) will have a small indirect effect on India given our low trade dependence," he said. Virmani explained that the reciprocal tariffs are calculated by a formula which includes US trade deficit with a country and imports from that country. He said every country is however feeling the effect of increased

A global setback: India must adjust swiftly to Trump's reciprocal tariffs

India will need to adjust swiftly to reciprocal tariffs

Mixed bag for India as US President Donald Trump unleashes tariff war

27% US levy on Indian goods threatens biggest export market; could dent domestic GDP growth by 30-50 basis points in FY26

US tariffs: Calls grow louder for PLI push to mitigate looming trade risks

US President Donald Trump has announced reciprocal tariffs of 27 per cent on imports from India effective April 9

US reciprocal tariffs: Exporters flag concerns of dumping from China

Till now, American buyers were already keeping their orders on hold owing to the lack of clarity on reciprocal tariffs

Trump's tariffs are India's opportunity to boost Viksit@2047 goals

It is quite clear that this announcement is only the beginning, and the US will impose tariffs across the board, without discriminating between its friends and not-so-good friends

Merchandise exports may fall slightly to $435 billion in FY25: GTRI

The country's merchandise exports, which have been contracting since October last year, are expected to decline slightly by the end of this fiscal year and fall below USD 435 billion, think tank GTRI said on Sunday. Exports dipped 10.85 per cent in February to USD 36.91 billion due to volatility in petroleum prices and global uncertainties. "At this rate, India's total merchandise exports for FY'2025 are expected to be below USD 435 billion, slightly lower than USD 437.1 billion in FY'2024," Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said. During April-February 2024-25, the exports stood at USD 395.63 billion as against USD 395.38 billion in the corresponding period of 2023-24. Key sectors that recorded negative growth both in February and cumulatively include petroleum products, gems and jewellery, ceramic products and glassware, oil seeds, oil meals, and iron ore. These sectors are facing consistent declines, indicating the need for strategic interventions t

Trump tariffs: India needs short- and medium-term agricultural trade plans

From 2022 to 2024, India earned $5.75 bn per year from agri-export to the US, which constituted one-tenth of India's agri exports to the world. In the same period, India imported agricultural product

Data localisation norms a key sticking point in India-US BTA talks

Among digital services, one of the contentious issues on the table is India's data localisation norms - cross-border flow of data - that have been a concern for American companies

India's growth story intact despite US tariff threat, says Piyush Goyal

Since taking over as the US President over two months ago, Trump has been implementing protectionist policies in an attempt to Make America Great Again

India, Japan likely to sign pact on sharing emission-reduction credits

Once finalised, carbon credits will be tracked through a registry, with joint committees managing projects and certifying credits issued based on reports

Uncertainty in trade policy, geopolitics risk to growth next year: FinMin

Estimates of agricultural production suggest positive outlook for food inflation

The real culprit on trade: China, not Trump, broke trading system

The interregnum of a Democratic administration under President Joe Biden did little to reverse Mr Trump's original actions destabilising the global trading order

All EOU, AAH, SEZ exports during extended period should get Rodtep benefits

Rodtep scheme seeks to refund the duties/taxes/levies, at Central, State and local level, borne on manufacture and distribution of the exported product, which are not rebated through any other schemes

Exports from SEZs and EOUs till Feb 5 eligible for Rodtep scheme benefits

Companies that have exported goods until February 5 this year from special economic zones (SEZs) and export-oriented units (EOUs) can claim benefits under the RoDTEP scheme, according to a notification. Earlier, the exporters were allowed to seek benefits under the scheme till December 31, 2024. Under Remission of Duties and Taxes on Exported Products (RoDTEP), various central and state duties, taxes, and levies imposed on input products, among others, are refunded to exporters. The current RoDTEP rates are in the range of 0.3-4.3 per cent. "The support under RoDTEP scheme for exports of products manufactured from AAs (advance authorisation), SEZs (special economic zones) and EOUs (export-oriented units) has been extended upto February 5, 2025," the DGFT has said in a notification on March 20. However, from February 6 onwards, exports from these categories will no longer be eligible for RoDTEP support, the Directorate General of Foreign Trade (DGFT) said. The support under the sch

India's export of key items sees double-digit contraction, says report

Data released by the commerce department on Monday showed that outbound shipments from India shrank at the sharpest pace in 20 months-by 10.9 per cent on-year--to $36.91 billion in Feb

Trade war, tariff to impact global growth, fuel inflation: RBI report

India sustaining growth momentum; Lower inflation to support recovery