Trade Deficit News - Latest Updates & Headlines
India's trade deficit widens in March 2025 to USD 3.63 billion as against USD 1.92 billion in March 2024
New Delhi, April 15: India's trade deficit increased sharply in March 2025 to USD 3.63 billion, as against USD 1.92 billion in the same month of 2024, according to government data released on Tuesday.
President's strategy already bearing fruit...: Trump's Trade Representative defends tariff move at Senate hearing
Washington, DC, April 8: US Trade Representative Jamieson Greer testified before the Senate Finance Committee on Tuesday and defended the Trump administration's move of imposing tariffs on multiple countries while shrugging off concerns regarding the policy.
Massive financial deficits with China, EU can only be cured with tariffs: Donald Trump
Washington DC, April 7: US President Donald Trump defended his administration's implementation of reciprocal tariffs on various countries, underlining the financial deficits the US faces with nations like China and the European Union and argued that tariffs are the only solution to these trade imbalances.
India's CAD to remain in safe zone during 2025-26: Report
New Delhi, April 2: Robust services exports and the inflow of healthy remittances from Indians working overseas will help keep India's current account deficit (CAD) in the safe zone during financial year 2025-26 even though the country's merchandise trade deficit has come under some pressure, according to a Crisil report released on Wednesday.
Trump will address 'decades of unfair trade' with reciprocal tariffs
Washington, April 2: US President Donald Trump will seek to “address decades of unfair trade practices” with the announcement Wednesday of reciprocal tariffs that will be closely watched and studied around the world, including in India, said the White House.
India-US bi-lateral trade deal may include agriculture, automobiles, and pharma: Jefferies
New Delhi, April 1: The possible trade agreement between India and the United States could include key sectors such as agriculture, automobiles, and pharmaceuticals, says a report by Jefferies.
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'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's BoP to remain negative for the year, but the magnitude would be lower: Report
New Delhi, March 19: Despite improvements in the current account deficit, muted net foreign direct investment (FDI) and continued outflow of foreign portfolio investment (FPI) suggest that the overall balance of payments (BoP) will continue to face pressure, said a report by ICICI Bank Global Markets.
Global trade and tariff uncertainties can become catalyst for reforms in India: HSBC Research
New Delhi, March 18: Global trade and tariff uncertainties could become a catalyst for reforms in India over the medium term and for growth results, the reforms must run deep, an HSBC Research report said on Tuesday.
Dip in India's trade deficit presents opportunities for domestic industries to grow: FIEO
New Delhi, March 17: The reduction in India’s trade deficit is a promising sign of the sector beginning to rebalance, presenting opportunities for domestic industries to grow, the Federation of Indian Export Organisations (FIEO) said on Monday.
India's trade deficit dips to 3-year low of $14.05 billion in February
New Delhi, March 17: India's merchandise trade deficit narrowed to an over 3-year low at $14.05 billion in February from $22.99 billion in January as exports held steady during the month while imports declined, according to the latest data compiled by the Ministry of Commerce and Industry.
India's merchandise trade deficit will be under preasure in fiscal 26, services sector to provide respite: Crisil
New Delhi, March 16: India's merchandise trade deficit will be under pressure in the fiscal year 2026, as domestic private consumption is expected to remain strong, maintaining imports up, the rating agency Crisil said in its recent report.
India's trade deficit likely narrowed to USD 21.5 Bln in February from USD 23 Bln in January: UBI Report
New Delhi, March 12: India's trade deficit likely narrowed to USD 21.5 billion in February, down from USD 23 billion in January, according to a report by Union Bank of India.
India's economic growth outlook remains stable despite global uncertainties: Report
New Delhi, February 27: India's economic growth outlook remains stable despite global uncertainties according to a report by Boston Consulting Group (BCG).
America will go bankrupt...: Elon Musk criticises high trade deficit, expenditure of tax money
Washington, DC, February 19: Tesla CEO and DOGE Head, Elon Musk, criticised the current state of US spending, saying that an average citizen in the country "should be mad as hell" over the expenditure of the tax money.
Trade deficit in Jan'25 widens because non-oil, non-gold deficit reaches double digits
New Delhi, February 19: The widening of India's merchandise trade deficit can be attributed to a decline in exports and a marginal rise in imports amid prevailing global economic uncertainty.
Donald Trump plans to announce auto tariffs on April 2
Washington, Feb 15: US President Donald Trump will announce tariffs on imported cars in early April in what could be a direct setback to the South Korean automotive industry.
India's trade deficit likely to narrow to USD 20.88 bn in Jan from USD 21.94 bn in Dec: Union Bank of India
New Delhi, February 13: India's merchandise trade deficit is expected to have narrowed to USD 20.88 billion in January 2025, down from USD 21.94 billion in December 2024, according to a report by Union Bank of India.
US Congressman Ro Khanna urges humane treatment during deportations; calls for balanced US-India trade
Washington DC, February 11: Ahead of Prime Minister Narendra Modi's visit to the United States, US Congressman Ro Khanna spoke on key issues likely to be discussed between PM Modi and President Donald Trump, including immigration and trade.
Pakistan's trade deficit with neighbouring countries rises by 43.22 pct
Islamabad, Jan 19: Pakistan's trade deficit with nine neighbouring countries expanded by 43.22 per cent during the first half of the current fiscal year from July 2024 to June 2025, according to the State Bank of Pakistan (SBP).
India's trade deficit narrows in Dec, rupee bounces back
New Delhi, Jan 15: India's trade deficit narrowed to $21.94 billion in December compared to the corresponding figure of $32.84 billion for November, as exports grew while imports declined on a month-to-month basis.