What’s at Risk Now That US Is Imposing 50% Tariffs on Indian Exports
The United States is going ahead with tariffs of up to 50 percent on Indian exports after trade talks between the two countries broke down. This is expected to increase economic pressure on India due to its oil trade with Russia, and could lower export earnings, hurt export industries and slow overall economic growth.
India Can Gain from US-China Trade Rift, Says Raghuram Rajan
Raghuram Rajan, a former head of the Reserve Bank of India, believes that the current tensions between the United States and China could work in India’s favour. The uncertainty caused by the conflict will likely compel companies to look for safer and more stable countries to do business with. If India acts smartly and quickly, it could attract more trade and investment, he explained in a media interview.
What Trump’s Tariffs Mean for India and the World
U.S. President Donald Trump has announced significant tariff increases on imports, aiming to address trade imbalances and bolster domestic industries. A universal 10% tariff was imposed on all imported goods, with higher rates targeting specific countries based on trade deficits. These tariffs have led to immediate global economic repercussions.
Impact on India as Trump Imposes 25% Tariffs on Aluminium
U.S. President Donald Trump is imposing a 25% tariff on steel and aluminium imports into the United States to bolster his efforts to increase domestic production. These new duties, especially on aluminium, could also potentially strain ordinary citizens in India if it drives up prices.
Donald Trump: US to Tax Indian Goods as India Taxes Ours
U.S. President-elect Donald Trump has said his administration will impose equivalent tariffs on Indian goods in response to the duties that India levies on American products. This means whenever India taxes U.S. goods, the United States will mirror those charges to ensure what he described as a reciprocal arrangement.
Trump’s Warning to BRICS Members–Including India–Against Pursuing Alternatives to US Dollar
U.S. President-elect Donald Trump has warned BRICS members, including India, against pursuing alternatives to the U.S. dollar, threatening economic retaliation and saying that any efforts to create or support a BRICS currency could lead to severe trade penalties.
Why Has Nepal Banned Indian Spice Brands?
Nepal has banned the import and sale of several popular Indian spice brands, citing health concerns over contamination with ethylene oxide (EtO), a chemical linked to cancer. This action follows similar bans imposed by Singapore and Hong Kong, according to Business Today.
EU: Over 400 Indian Food Products Are Contaminated
The European Union has issued a warning about the safety of over 400 Indian food products following an extensive review from 2019 to 2024, according to media reports. These Indian products, earmarked for export, have been found to contain dangerous levels of contaminants, including carcinogens and toxins that pose serious health risks.
How India’s Persistent Trade Deficit Affects Us
India’s trade scenario in October presented a startling revelation. The country’s merchandise trade deficit, a measure of how much more we import than we export, hit a record high of $31.46 billion, after months of persistent high deficit. It depicts the bad health of our economy.