Global Trade News - Latest Updates & Headlines
Indian economy is self-reliant, and impact will be extremely minimal: BJP's Zafar Islam on Tariffs
New Delhi, April 12: Senior BJP leader and Member of Parliament Zafar Islam highlighted India's robust economic growth, attributing it to the transformative policies implemented since 2014.
India has assessed Trump's objective on tariffs, attempting to address those concerns: Ashley Tellis at Global Tech Summit
New Delhi, April 12: Noting that India has correctly assessed US President Donald Trump's objective of imposing tariffs and is attempting to address those concerns, a top geopolitics expert said on Saturday that New Delhi is willing to drastically reduce tariffs in the hope that there will be some reciprocal benefits.
Centre sets up Global Tariff and Trade Helpdesk to assist exporters, importers
New Delhi, April 11: The Centre has operationalised a dedicated ‘Global Tariff and Trade Helpdesk’ to assist the country’s exporters and importers in navigating emerging trade issues due to the hike in tariffs announced by the US.
Tariffs pause to offer Indian businesses advantage where it directly competes with China: GTRI
New Delhi, April 11: The pause in reciprocal tariffs by the US adminstration offers Indian businesses a short-term advantage--especially in sectors like textiles, leather, engineering, and electronics, where India competes directly with China, said Global Trade Research Initiative (GTRI) Founder, Ajay Srivastava.
No clear winner: Xi Jinping reacts as China hikes tariffs on US goods to 125 pc
Beijing, April 11: There is no winner in a tariff war, and going against the world will only result in self-isolation, Chinese President Xi Jinping said when meeting with Spanish Prime Minister Pedro Sanchez here on Friday.
Trump's reciprocal tariffs on partners a tool to get fairer deals: Sunil Munjal
New Delhi, April 11: Sunil Kant Munjal, Chairman of Hero Enterprise, said on Friday that he views Trump's reciprocal tariffs on partner countries as an instrument to get fairer deals with them.
India set to outperform other emerging markets amid global uncertainty: Jefferies
New Delhi, April 11: Global brokerage Jefferies has issued an 'overweight' call on India, saying that the country is set to outperform other emerging markets (EMs) amid rising global uncertainties.
India's exports surge to record $820 billion in 2024-25 despite global challenges
New Delhi, April 10: India's goods and services exports have crossed a record $820 billion in financial year 2024-25, which represents a close to 6 per cent increase over the corresponding figure of $778 billion for the previous financial year, despite the economic uncertainties in global markets, according to data compiled by the Commerce Ministry.
India should avoid FTA with US, should go for limited Zero-to-Zero tariff deal, suggests GTRI
New Delhi, April 10: As Donald Trump announced pause on tariffs for 90 days for trade negotiations, India should avoid signing a comprehensive Free Trade Agreement (FTA) with the United States, as it may require India to make harmful trade-offs, suggested Global Trade Research Initiative (GTRI).
RBI lowers GDP growth forecast to 6.5 pc for 2025-26 as global uncertainties spike
Mumbai, April 9: The RBI's monetary policy committee has reduced its projection for India's GDP growth in 2025-26 by 20 basis points to 6.5 per cent from 6.7 per cent due to global trade and policy uncertainties in the wake of the US tariff hikes, Reserve Bank of India Governor Sanjay Malhotra said on Wednesday.
Tariffs have completely shaken up world: Congress MP Shashi Tharoor
Ahmedabad, April 9: Congress MP Shashi Tharoor on Tuesday said that the tariffs imposed by the Trump administration have completely shaken up the world and stated that India's main hope lies in very doing an effective negotiation with the Americans for a bilateral trade agreement.
India likely to outperform global markets despite uncertainties: NSE CEO
Mumbai, April 8: India is expected to perform better than most global markets in the coming months, even amid growing international uncertainties, Ashishkumar Chauhan, CEO and MD of the National Stock Exchange (NSE), said on Tuesday.
US stock indices drop sharply in line with sell-off in global markets
Washington DC, April 7: In keeping with the turmoil in global markets following President Donald Trump's tariff decisions, the US markets also witnessed a bloodbath as they opened on Monday morning.
Bloodbath in India stocks as Trump tariffs shake market sentiment; Sensex slumps over 2,200 points
New Delhi, April 7: Indian stocks witnessed a bloodbath as the new week kicked off, triggered by the Trump reciprocal tariffs. These tariffs have set off a sell-off in equities globally, and India was no exception.
India's export in 2025 to US may decline by 6.41%, as a result of the Trump tariffs: GTRI
New Delhi, April 7: India could see a decline of USD 5.76 billion or 6.41 per cent in exports to the United States (US) because of the tariffs, in 2025, said a research report by the Global Trade Research Initiative (GTRI).
Asian stock markets crash: China, Japan, Hong Kong and Taiwan markets top losers
New Delhi, April 7: Asian stock markets witnessed a major sell-off on Monday after US President Donald Trump announced a new round of tariffs. The markets opened with heavy selling pressure, reflecting growing fears over the impact of the tariffs on global trade and economic growth.
BOK warns of prolonged market volatility amid Trump tariff scheme
Seoul, April 7: The South Korean market could face heightened volatility for a longer-than-expected period due to the Donald Trump administration's sweeping tariff policy, the central bank said on Monday, calling for prompt implementation of market stabilisation measures when necessary.
White House official says over 50 nations seeking new trade deals
Washington DC, April 7: Kevin Hassett, Director of the White House Economic Council, defended the impact of President Donald Trump's tariffs on Sunday (local time) and said that while many countries are upset and retaliating, the tariffs have led to over 50 countries reaching out to the US to begin new trade negotiations.
Samsung seeks ways to cushion blow from US tariffs
Seoul, April 6: Tech giant Samsung Electronics may need to overhaul its global production strategy as new US reciprocal tariffs could significantly affect its smartphone business, industry sources said on Sunday.
China slaps additional 34 pc tariffs on all US imports starting April 10
Beijing, April 4: Triggering a full-blown trade war, China will impose additional 34 per cent tariffs on all products imported from the United States starting from April 10, the Customs Tariff Commission of the State Council announced on Friday.
Sensex, Nifty tank as Trump tariffs rattle global markets
Mumbai, April 4: Indian stock markets on Friday ended in the red for the second day in a row, as investors turned cautious after US President Donald Trump’s reciprocal tariffs announcement.
Potential retaliation to US tariffs may initiate vicious cycle on global growth: SBI Research
New Delhi, April 4: The nature of broad-based tariffs announced by US President Donald Trump and potential retaliation by other countries is likely to initiate a vicious cycle of global growth, says a report by SBI Research.
US markets, dollar slip on Trump tariffs
Washington, April 4: US markets on Thursday slid to their lowest in two years in the aftermath and response to President Donald Trump’s sweeping tariffs on imports from every trading partner country, while the US dollar slipped to its lowest level.
US tariffs: Veteran investors raise fears about 'global efficiencies of production'
New Delhi, April 3: Veteran hedge fund manager Ray Dalio on Thursday sounded cautiously optimistic on US reciprocal tariffs, saying it could raise revenue and help shore up domestic production capabilities.
Trump's tariff to slow down global export growth from 2.9% in 2024 to 1.3% in 2025-26: HSBC
New Delhi, April 3: The imposition of reciprocal tariffs by the US President Donald Trump is set to slow down global trade significantly, according to a report by HSBC Research.
US tariffs will depend on the type of goods and country of origin: GTRI
New Delhi, April 3: According to the new U.S. trade policy announced by President Donald Trump on Wednesday, the amount a country pays in tariffs will depend on the type of goods being exported and their origin, says GTRI founder Ajay Srivastava.
Asian stocks tumble reacting to Trump's tariff announcement, Indian stock futures also down
New Delhi, April 3: Asian stock markets faced a heavy sell-off on Thursday after US President Donald Trump announced reciprocal tariffs on multiple countries, including India. The move triggered a wave of uncertainty, leading to sharp declines across major indices in the region.
US stocks plunge in after-hours trading following Trump's tariff announcement
Washington DC, April 3: US stocks tumbled in after-hours trading as President Donald Trump delivered remarks at the Rose Garden and unveiled sweeping tariffs, according to a report by CNN. All eyes will now be on the Asian indices when they open for trading.
Mistake that benefits no one: World leaders react to Trump's 'reciprocal tariffs'
Washington, April 3: As US President Donald Trump signed an executive order on the so-called "reciprocal tariffs," the world reacted sharply against the decision, with some calling it a "mistake that benefits no one" while others called it a violation of Washington's obligations under the World Trade Organization (WTO).
Trump rolls out 'kind' reciprocal tariffs, hits India with 26 pc (Ld)
Washington, April 3: US President Donald Trump announced a baseline rate of 10 per cent on all imports and higher individualised rates for dozens of countries, including 26 per cent for India, 34 per cent for China and 20 per cent for the EU.
India's aluminium production sees modest rises to 38.36 LT in FY24-25
New Delhi, March 30: Aluminium production saw a modest increase of 0.9 per cent, rising to 38.36 lakh tonnes (LT) during April-February of Financial Year 2024-25, according to provisional data released by Ministry of Mines.
In Singapore, Sonowal spotlights India's decisive maritime initiatives
Singapore, March 24: Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal on Monday spotlighted India's decisive maritime initiatives that are injecting fresh momentum into global shipping while addressing the high-level dialogue on 'Navigating Global Maritime Trends in 2025 and Beyond' at the Singapore Maritime Week.
India poised to become major driver for global trade, ranks third after US and China: Report
New Delhi, March 24: India is set to become a major driver of global trade growth over the next five years, ranking third in terms of absolute trade expansion, according to the DHL Trade Atlas 2025 report.
India to drive 6 pc of global trade growth, securing third place worldwide behind US and China: Report
New Delhi, March 23: India will make a significant strides in the global trade over the next five years, contributing about 6 per cent in the world's trade growth, just behind China at 12 per cent and the United States at 10 per cent, as per a joint report by DHL and the New York University Stern School of Business.
Better placed than competitors from other countries against US tariffs, says Rasna Chairman
New Delhi, March 21: Chairman of Rasna InterChairman Piruz Khambatta, on Friday, said that the company is better equipped than competitors from other countries to withstand tariff pressures.
New US sanctions have negligible impact on Russian oil exports: HSBC Global Research
New Delhi, March 21: Despite new US sanctions imposed in January, Russian oil exports have remained largely unaffected and continued almost as normal, according to HSBC Global Research.
India's coffee exports surge 40 pc to surpass $1.54 billion in April-Feb
New Delhi, March 20: India's coffee exports have recorded a robust 40 per cent rise during April-Feb in the current financial year to surpass the $1.54 billion mark compared with the corresponding figure of $1.10 billion for the same period of the previous year, according to data compiled by the Ministry of Commerce.
S. Korea to prevent circumvention of antidumping duties on steel imports
Seoul, March 19: South Korea will take measures to prevent the circumvention of antidumping duties on imported steel products as part of efforts to protect the local steel industry amid heightened global trade barriers, the industry ministry said on Wednesday.
Despite global turbulence Increased public spending is likely to drive economic activity in India: CareEdge
New Delhi, March 18: While corporate performance remains below par, key factors such as recovering rural demand, lower income tax burden, falling food inflation, expected rate cuts, and increased public spending are likely to drive economic activity in the coming months according to a report by CareEdge Ratings.
OECD sharply cuts South Korea's 2025 growth outlook to 1.5 pc
Seoul, March 17: The Organisation for Economic Cooperation and Development (OECD) has sharply lowered its growth forecast for the South Korean economy this year to 1.5 per cent, the finance ministry said on Monday.