NEW DELHI: With the US opening a refund window, exporters are hoping to recover some of the discounts they had offered during the period, when the Trump administration levied a hefty 50% tariff on Indian goods.In a large number of cases the discount was to the tune of 15-18% to compensate for the 30% gap…
Commerce and Industry minister Piyush Goyal on Wednesday urged businesses and exporters in India and the US to actively use the India-US trade facilitation portal to strengthen bilateral trade, PTI reported. “I urge all members of industry bodies, Export Promotion Councils, and chambers from across India and the US to connect, make this portal part…
US President Donald Trump on Monday criticised the US Supreme Court’s decision to invalidate his global tariffs, warning that the ruling could cost the United States trillions of dollars. He said that the verdict will benefit foreign countries and companies that have been “ripping off the United States of America” for decades.” Commenting on his…
NEW DELHI: The focus has been on shrimps and textiles, but Indian carpets and rugs have seen a bruising year with exports slipping nearly 9% to $735 million between April and Nov. Lowering of tariffs is expected to come as a boost for the highly-labour intensive sector.While overall exports are down 4% to $1.3 billion…
India Russia crude oil trade (AI image) US treasury secretary Scott Bessent suggested there could be a “path” to removing 25 per cent tariffs imposed on India over its purchases of Russian oil, claiming the penalties have already achieved their aim by sharply reducing Indian imports.Speaking to Politico at the World Economic Forum in Davos,…
NEW DELHI: India’s high commissioner to Canada, Dinesh Patnaik, has strongly rejected allegations linking the Indian government to the killing of NIA-designated terrorist Hardeep Singh Nijjar, questioning the lack of evidence to support the claims. Speaking in a televised interview on CBC News’ Power & Politics, Patnaik responded to allegations made by former Canadian prime…
India’s stalled effort to negotiate a Free Trade Agreement with Israel has returned to focus after both governments finalised fresh Terms of Reference to restart talks, marking the first concrete movement since discussions drifted in 2014. The trade and economic policy think tank, Global Trade Research Initiative (GTRI) said the renewed push reflects a strategic…
File photo: Canadian Prime Minister Mark Carney (Picture credit: AP) Canadian Prime Minister Mark Carney on Saturday highlighted his country’s “progress” in building partnerships with India and other Asia-Pacific nations, even as tensions with the United States escalate over tariffs. His remarks came days after US President Donald Trump terminated all trade talks with Canada,…
MUMBAI: Dalal Street witnessed extreme volatility on Thursday, thanks mainly to expectations about better trade relations separately with India and then China. As a result, in early trades the sensex rallied above the 85K mark on prospects of a trade deal between the US and India.The Street’s mood, however, soured after oil prices went up…
Representative AI image NEW DELHI: Government sources on Wednesday said there is “no cause for panic” over the 50% tariffs imposed by the US on Indian goods, adding talks remain open between the two sides to resolve the issue. “The impact (of the tariffs) is unlikely to be as severe as feared given the diversified…