Economic Strategy News - Latest Updates & Headlines
Taiwan plans response to US tariffs amid trade surplus
Taipei, April 1: Taiwan is preparing contingency plans in response to the United States' potential imposition of "reciprocal tariffs," with officials emphasising that the trade surplus stems from strong demand for Taiwanese technology, not unfair trade practices, Taiwan News reported.
Tariffs will be more generous than other countries : US President Trump on the prospect of higher tariffs
Washington, DC, March 31: US President Donald Trump on Sunday (local time) outlined his administration's approach to upcoming tariffs, the auto industry, and the economy, stating that the US would be more generous than other countries.
South Korea fully preparing for US reciprocal tariffs: Trade minister
Seoul, March 31: South Korea is making all-out efforts to fully prepare for the U.S. administration's imposition of reciprocal tariffs, Seoul's top trade official said on Monday, vowing strong support for businesses expanding into new markets.
India eyes single-digit logistics costs to rival China & US, says Nitin Gadkari
New Delhi, March 20: Nitin Gadkari, Minister for Road Transport & Highways emphasized the nation's commitment to reducing logistics costs from the current 14-16 per cent to single digits, positioning India to compete effectively with global economic powerhouses like China and the US, at 32nd Convergence India & 10th Smart Cities India Expo.
India reviewing impact of US tariffs, ensuring trade stability: Minister
New Delhi, March 17: The Indian government is closely analysing the impact of the 25 per cent tariff imposed by the United States on steel and aluminium imports, the Parliament was informed on Monday.
India stands to gain in an increasingly uncertain world of tariffs: SBI Report
New Delhi March 17: US President Donald Trump's plan to impose reciprocal tariffs may only lead to a 3-3.5 per cent decline in Indian exports, and the effect will be negated by higher exports, according to SBI Research released on Monday.
Impact of US tariffs on India minimal as country diversifies exports kitty: SBI report
New Delhi, March 17: The impact of US trade reciprocal tariffs on India will be minimal as the country has diversified its exports kitty, pitched value addition, exploring alternate areas and works on new routes that transcend from Europe to the US via the Middle East, redrawing new supply chain algorithms, a new SBI Research report said on Monday.
Maha: Ajit Pawar to present first MahaYuti govt budget amid financial constraints
Mumbai, March 9: Amid financial constraints to continue freebies and simultaneously carry out capital expenditure despite rising public debt, the fiscal and revenue deficits, Maharashtra Deputy Chief Minister and Finance and Planning Minister Ajit Pawar will present the state budget for the year 2025-26 on Monday.
MSMEs need to be integrated into larger supply chains to drive real competitiveness, achieve 7-8% growth: NITI Aayog VC
New Delhi, March 6: India's Micro Small and Medium Enterprises (MSMEs) need to be integrated into larger supply chains to drive real competitiveness and achieve 7-8 per cent growth in the country, according to NITI Aayog Vice Chairman Suman Bery who also holds the additional charge as Chairman of the Economic Advisory Council to the Prime Minister.
Choi reiterates efforts to make South Korea one of top 5 global bio leaders
Seoul, Feb 26: Acting President Choi Sang-mok on Wednesday reaffirmed the government's commitment to turning South Korea into one of the world's top five leaders in the advanced bio sector, stressing the emerging sector is comparable in size to major industries combined.
India forex reserves snap three-week gains; decline USD 2.5 billion in latest week
New Delhi, February 23: India's foreign exchange reserves slumped in the week that ended on February 14, reversing the gains it had extended in the past three weeks.
Mexico relaunches 'Made in Mexico' brand as US tariffs loom
Mexico City, Feb 19: Mexico has "relaunched" a "Made in Mexico" brand campaign to bolster national production and cushion the impact of the 25-per cent tariffs on Mexican imports announced by US President Donald Trump.
US President Trump unveils trade policy with reciprocal tariffs for fairness
Washington DC, February 18: US President Donald Trump outlined a new trade policy focused on fairness and reciprocity and said that the US would implement reciprocal tariffs, charging other countries the same tariffs they impose on American goods.
'Canada has been very bad to us, they have to start paying up': Donald Trump
Washington DC, February 14: US President Donald Trump reiterated his offer to make Canada the 51st US state while accusing Ottawa of being "very brutal" to Washington in terms of trade.
Trump unveils plan for 'fair, reciprocal' tariffs, but does not immediately impose any
New York, Feb 14: President Donald Trump has unveiled a plan to impose "fair and reciprocal" tariffs on all countries, accusing them of charging higher tariffs compared to what the US charges, but did not immediately impose tariffs.
Future of Work Forum forecasts economic shifts, outlines AI opportunities, impact on labour market
DUBAI, Febraury 12: The Ministry of Human Resources and Emiratisation (MoHRE) and the Ministry of Higher Education and Scientific Research, in collaboration with the World Governments Summit Organisation, organised the second edition of the Future of Work Forum, as part of the World Governments Summit 2025, with the attendance and participation of Ministers of Labour and Human Resources, policymakers, economic experts, and business leaders from various countries.
UAE's Ministry of Finance organises 3 panel discussions at WGS 2025
Dubai, February 11: The UAE's Ministry of Finance (MoF) organised two high-level panel discussions on the opening day of the World Government Summit (WGS) 2025, taking place from 11th to 13th February in Dubai.
India to prioritize energy infrastructure in capex shift from FY25-30: Report
New Delhi, February 9: India's capital expenditure from FY25-30 is expected to pivot from public-led transport infrastructure to a more balanced investment in energy infrastructure, which includes electricity generation and the integration of power grids for efficient transmission and distribution, according to BNP Paribas report.
US-China trade war to benefit India, say government sources
By Shailesh Yadav, New Delhi, February 4: The trade war between the US and China is going to benefit India, government sources told ANI.
Balanced, transparent trade environment vital to deepening US-India economic ties: USIBC
New Delhi/Washington, Feb 1: A balanced and transparent trade environment is vital to deepening US-India economic ties and in line with President Donald Trump's emphasis on fair and reciprocal trade, India can consider bolder steps to address structural bottlenecks and foster a more predictable policy environment that instills investor confidence and promotes long-term strategic partnerships, the US-India Business Council (USIBC) said on Saturday.
With careful pruning of schemes, expenditure assumptions can be met: HSBC on Budget 2025-26
New Delhi, Feb 1: The Central government on Saturday announced a consumption stimulus (cuts in personal income tax rates), held on to its capex thrust, and yet stayed on the fiscal consolidation path, an HSBC report said.
Union Budget to focus on consolidating fiscal deficit at 4.5 pc of GDP in FY26: UBI Report
New Delhi, January 30: The Government will focus on fiscal consolidation and growth in the Union Budget, says a research report by the Union Bank of India.
Trump's cabinet likely to take a Hawkish stance, key actions expected next week: Report
New Delhi, January 21: The cabinet members of the Trump 2.0 administration are expected to take a hawkish approach on various fronts, says a report by Union Bank of India.
South Korea to expand export financing support amid Trump uncertainties
Seoul, Jan 20: The government here on Monday announced plans to provide extensive financial support to bolster exports this year, as uncertainties in the global trade environment are expected to intensify with the inauguration of US President-elect Donald Trump.
India's forex kitty at $634.59 billion, gold reserves rise by $824 million
Mumbai, Jan 10: : India's foreign exchange reserves fell by $5.7 billion to $634.59 billion for the week ended January 3, data released by the Reserve Bank of India (RBI) on Friday showed.
RBI purchased another 8 tonnes of gold in Nov as safe-haven asset
Mumbai, Jan 7: The Reserve Bank of India (RBI) bought another eight tonnes of gold in November 2024 as Central banks around the world continued their buying spree with a collective purchase of 53 tonnes of the precious metal during the month, according to the latest World Gold Council (WGC) report.