Trade News - Latest Updates & Headlines
HAL has followed end-user commitments, report in US daily on re-routing restricted tech to Russia incorrect, misleading: Sources
New Delhi, March 31: Terming a report in a US-based publication about an Indian defence PSU selling imported equipment to a supplier of Russian arms agency as "factually incorrect and misleading", sources said on Monday that the report has tried to "frame issues and distort facts to suit a political narrative".
FM Sitharaman to visit London next week for talks to bolster India-UK economic ties
New Delhi, March 31: Finance Minister Nirmala Sitharaman is scheduled to visit London next week, from April 8-10, where she will discuss issues related to bilateral trade and investment, and hold talks under the India-United Kingdom Economic and Financial Dialogue.
6th BIMSTEC Summit to convene in Bangkok on April 4, focusing on trade, security, regional cooperation
Dhaka, March 31: The 6th Summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is set to take place on April 4 in Bangkok, Thailand, under the theme "Prosperous, Resilient, and Open BIMSTEC," a release from the BIMSTEC Secretariat stated.
BNM's global campaign puts Pakistan's GSP-plus trade benefits under scrutiny
Balochistan, March 31: The Baloch National Movement (BNM) has escalated its global initiative to shed light on the ongoing repression in Balochistan, attracting attention from international political leaders and human rights groups.
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.
Trump adviser suggests tariff plans remain fluid days before April 2 implementation
Washington, March 31: One of US President Donald Trump's top economic advisers declined to say how many countries would be targeted by the President's promised reciprocal tariffs this week and suggested the plans remain fluid.
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.
Trade chiefs of S. Korea, China, Japan discuss advancing cooperation
Seoul, March 30: The top trade officials of South Korea, China and Japan on Sunday discussed bolstering trade cooperation among the three countries in their first trilateral ministerial meeting in six years, held amid growing protectionism and tensions in the global trade market.
India, US hold trade talks; to work towards negotiating first tranche of FTA
New Delhi, March 29: India and the United States held trade talks in New Delhi as part of efforts to negotiate the first tranche of a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall of 2025.
Ukrainian apples in India signify 'strong bilateral trade ties'
New Delhi, March 29: Ukrainian apples arrived in Delhi, signifying strengthening bilateral relations between both countries, Ukraine's Embassy in India said.
Sectoral expert-level engagements under proposed India-US BTA to start virtually in coming weeks
New Delhi, March 29: Representatives of India's Department of Commerce and the Office of the US Trade Representative held meeting in the national capital for four days beginning March 26 as a follow up to the two countries agreeing to expand bilateral trade to reach USD 500 billion by 2030, including through the conclusion of a Bilateral Trade Agreement (BTA).
India among some other emerging economies at risk of Trump tariffs, Fitch says
New Delhi, March 29: Trading partners of the US, particularly those emerging market economies where the tariff rates faced by US exporters exceed those charged on US imports, are at risk due to the Trump administration's impending reciprocity plans, Fitch Ratings said in a report.
Minister Piyush Goyal allays fears on US Tariffs; says, India, US together are a force multiplier
New Delhi, March 29: Union Minister Piyush Goyal on Saturday praised Prime Minister Narendra Modi for his efforts to maintain relations with the Donald Trump administration in the United States of America (USA), saying that the world would think tomorrow what India thinks today. He said that India and US together are a "force multiply".
India, US agree to finalise first tranche of bilateral trade agreement by fall 2025
New Delhi, March 29: In a bid to expand their bilateral trade to $500 billion by 2030, India and the US on Saturday concluded their talks in the national capital, broadly reaching an understanding to finalise the first tranche of the bilateral trade agreement (BTA) by fall 2025.
India cannot be labeled tariff abuser, Modi's administration will navigate trade tensions: former US official
Washington, DC, March 29: Ray Vickery, former United States Assistant Secretary of Commerce for Trade Development on Saturday said that India can not be accused as the tariff abuser, adding that Prime Minister Modi and his administration will continue to manage the delicate trade relationship with the US.
India, US discuss efforts to reduce trade barriers to achieve balanced trade relationship
Washington DC, March 29: India's Foreign Secretary Vikram Misri and United States' Deputy Secretary of State, Christopher Landau spoke with each other to discuss the "ongoing efforts to reduce trade barriers" for achieving a fair and balanced bilateral trade relationship, strengthen collaboration in defence and technology, and also addressed "illegal immigration" to the United States, according to the US Department of State, Tammy Bruce.
India could lose USD 6bn in exports to US on 10 pc tariffs, rising to USD 31bn at 25 pc: Emkay
New Delhi, March 29: India could see a loss of around USD 6 billion, or 0.16 per cent of its GDP, in exports to the US if broad tariffs of 10 per cent are enacted, Emkay Global, a research & investment firm, said in a latest report.
'India has great Prime Minister': Donald Trump praises PM Modi's leadership, calls him very smart man
Washington, DC, March 29: US President Donald Trump on Friday (local time) expressed optimism about the ongoing India-US tariff talks and praised Prime Minister Narendra Modi's leadership, referring to him as a "very smart man" and a "great friend."
Tariffs are going to work out well between India-US: Donald Trump
Washington, DC, March 29: Higlighting a positive outlook for the India-US tariff talks, President Donald Trump said 'tariffs are going to work out well between New Delhi and the Washington, DC,' expecting a favorable outcome.
US State Dept Dy Secy holds talks with Vikram Misri, reviews efforts for prosperous Indo-Pacific
Washington DC, March 28: US Department of State Spokesperson Tammy Bruce said in a statement on Friday that Deputy Secretary Christopher Landau spoke to Foreign Secretary Vikram Misri regarding ongoing efforts to achieve prosperity throughout the Indo-Pacific region.
India-EU FTA to remove trade barriers in new geo-political world: UIA's Carlo Mastellone
New Delhi, March 29: The bilateral free trade agreement (FTA) between India and the European Union will enhance market access and remove trade barriers for both the nations in the new geo-political world, Carlo Mastellone, UIA President, Studio Legale Mastellone in Florence, Italy, said on Saturday.
Centre exploring new markets to boost fruit exports after robust growth
New Delhi, March 29: After witnessing a tremendous growth in fruit exports in the last five years, the government is now exploring new markets for fruit exports.
Trump expresses openness to tariff deals after reciprocal tariffs are enforced on April 2
Washington, March 29: US President Donald Trump has expressed openness to cutting tariff deals with other countries as he plans to unveil new taxes on imports in the coming days, but he suggested any deals would be made after the tariffs go into place on April 2.
It will 'work out very well', Trump says of trade issues with India
Washington, March 29: US President Donald Trump, on Friday, called Indian tariffs "brutal" but expressed optimism that things will "work out very well" between the two countries on trade.
India, US discuss trade, defence
Washington, March 29: India and the US, on Friday, discussed trade just days ahead of President Donald Trump's reciprocal tariffs system kicks into effect.
India's forex reserves surge by $4.5 billion to $658.8 billion
Mumbai, March 28: India's foreign exchange reserves surged by $4.5 billion to scale a 4-month high of $658.8 billion in the week ended March 28, 2025, according to data released by the Reserve Bank of India on Friday.
India-US bilateral trade pact likely by year-end: NITI Aayog's Arvind Virmani
New Delhi, March 28: Bilateral trade between India and the US is likely to be signed by the end of the year, said Arvind Virmani, Member Niti Aayog, while releasing the government think tank's 'Trade Watch July -September 12 FY25' report.
Bangladesh's Chief Advisor Yunus , Chinese President Xi discuss bilateral issues
Beijing, March 28: Bangladesh's Chief Adviser Muhammad Yunus and Chinese President Xi Jinping held a meeting in Beijing on Friday and discussed bilateral issues, including trade and investment.
India's export loss due to US tariff to remain limited at 0.1 pc of country's GDP: Report
New Delhi, March 28: India's direct export loss due to tariffs imposed by US President Donald Trump is expected to remain limited at only 0.1 per cent of the country's GDP, according to a report by CareEdge Ratings.
India least exposed to US tariffs due to domestic demand strength: Morgan Stanley
New Delhi, March 28: When it comes to the ratio of goods exports to GDP in the wake of US trade tariffs, India and Japan are the least exposed economies owing to domestic demand strength, a Morgan Stanley report said on Friday.
USISPF hosts briefing on US-India strategic partnership with House lawmakers on Capitol Hill
Washington, DC, March 28: The US-India Strategic Partnership Forum (USISPF), in conjunction with the Congressional Caucus on India and Indian Americans, hosted a briefing on the US-India strategic partnership and on strengthening the relationship across defence, trade, and technology.
Ambassadors of Muslim-majority nations hail India's strong ties with Islamic world
New Delhi, March 28: Ambassadors and diplomats of Muslim-majority nations hailed India's strong ties with the Islamic world, emphasising how these relationships have deepened under Prime Minister Narendra Modi's leadership over the past decade.
Automotive industry calls for measures to soften blow from US tariffs
Seoul, March 28: The South Korean automotive industry on Friday called for measures to soften the anticipated fallout from the U.S. administration's plan to impose auto tariffs and reciprocal tariffs next week, according to officials.
Canadian, US leaders to have phone call 'in next day or two'
Ottawa, March 28: Canadian Prime Minister Mark Carney has said that he will have a phone call with US President Donald Trump to discuss the trade disputes in the next day or two.
PM Modi meets Japanese delegation, discusses about deepening economic cooperation between India and Japan
New Delhi, March 28: Prime Minister Narendra Modi, on Thursday, received a delegation from Keizai Doyukai (Japan Association of Corporate Executives) led by Takeshi Niinami, Chairperson of Keizai Doyukai, and 20 other business delegates to hear their views and ideas to deepen economic cooperation between India and Japan at the 7 Lok Kalyan Marg in the national capital.
Canada PM Carney declares Canada's traditional ties with US are over amid auto tariff threats
Ottawa, March 28: In a dramatic shift in Canada's foreign policy, Prime Minister Mark Carney on Thursday declared that the long-standing economic and security relationship between Canada and the United States has ended, responding to US President Donald Trump's announcement of new auto tariffs that could severely impact Canada's economy, Politico reported.
PM Modi on deepening bilateral ties, boosting trade with Belgium King
New Delhi, March 27: Prime Minister Narendra Modi on Thursday spoke to King Philippe of Belgium, where he discussed the deepening of India-Belgium strong bilateral ties.
PM Modi speaks with King Philippe of Belgium, hails deepening bilateral ties
New Delhi, March 27: Prime Minister Narendra Modi on Thursday spoke with King Philippe of Belgium, discussing shared close ties between the two countries which remain underpinned by strong mutual interests in trade and investment.
FM Sitharaman discusses strengthening India-US business ties with US Chamber of Commerce CEO
New Delhi, March 27: Union Finance Minister Nirmala Sitharaman on Thursday met US Chamber of Commerce President and CEO Suzanne Clark to discuss the growing business ties between India and the United States.