International Trade News - Latest Updates & Headlines
UAE: Al Zeyoudi engages with senior officials, ministers to accelerate trade ties in high-potential markets
Dubai, February 15: Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has held a series of high-level meetings with senior officials, ministers, and business leaders during the World Governments Summit, in which he underlined the UAE's commitment to trade and innovation as key drivers of long-term, sustainable growth.
BRICS is dead: Donald Trump reiterates 100 pc tariff threat on BRICS nations
Washington, DC, February 14: US President Donald Trump has said that BRICS was created for a bad purpose and most people don't want it. He said that BRICS is dead and reiterated his threat to BRICS nations, saying he would impose a 100 per cent tariff on the bloc if they try to replace the US dollar with any other currency.
Trump announces equivalent reciprocal tariffs on all countries exporting to US
New Delhi, February 14: US President Donald Trump announced the reciprocal tariff policy on Thursday.
Trump calls PM Modi tougher negotiator than him
Washington, Feb 14: President Donald Trump has called Prime Minister Narendra Modi a “much tougher negotiator than him” as the two nations grapple with tariffs.
Trump launches attack on BRICS; threatens 100 pc tariff if it launched currency
New York, Feb 14: US President Donald Trump has launched a scathing attack on BRICS, saying it would be "dead" if it launched a rival currency, even though the proposal has been shot down by India.
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.
Trade war would be in nobody's interest; India must play bigger global role, says top Swiss official
By Naveen Kapoor, New Delhi, February 13: Amid a difficult external economic environment facing various countries, Switzerland's State Secretary for Foreign Affairs Alexandre Fasel has said that trade wars "are never a good idea" and such a scenario would be in nobody's interest.
US: Donald Trump posts about 'reciprocal tariffs' on Truth Social
Washington DC, February 13: US President Donald Trump said on Thursday that a news conference on reciprocal tariffs will be made later today.
South Korea in close talks with local industries for response to US steel tariffs
Seoul, Feb 11: South Korea's industry ministry said on Tuesday it is closely communicating with local businesses and industry leaders to devise ways to minimize the impact from new U.S. tariffs on steel and aluminium imports that will inevitably affect local manufacturers and exporters.
Donald Trump signs executive order pausing US law that bars firms from bribing foreign officials
Washington, DC, February 11: US President Donald Trump on Monday signed an executive order directing the US Justice Department to halt persecutions of Americans accused of bribing foreign officials while trying to win or retain business in their nations, Reuters reported.
Trump formally announces 25 pc tariffs on all steel, aluminium imports
Washington, Feb 11: US President Donald Trump has announced plans to impose 25 per cent tariffs on all steel and aluminum imports coming into the United States "without exceptions or exemptions," raising concerns over its ramifications on South Korean and other exporters.
India's total trade to reach USD 1.8 trillion by 2033, growing at 6.4% CAGR: Report
New Delhi, February 9: India's total trade is expected to grow at a compound annual growth rate (CAGR) of 6.4 per cent through 2033, reaching USD 1.8 trillion annually, according to a BCG report.
US President Donald Trump says he will announce reciprocal tariffs next week
Washington, DC, February 8: US President Donald Trump has said that he would announce reciprocal tariffs next week that match the duties announced by other nations, Politico reported.
Macro effects of proposed US tariffs are negative: S&P Global Ratings
New Delhi, February 8: Potential effects of the tariffs proposed by the Donald Trump administration are overwhelmingly negative, said a report published by a team of S&P Global Ratings' economics team.
India on the path to hit record $800 billion in exports in FY25
New Delhi, Feb 8: India is on the path to achieve $800 billion in exports in the 2024-25 fiscal for the first time, according to the government, signalling a robust economy and continued growth across sectors.
Amazon, DGFT aim to enable $80 billion exports from India by 2030
New Delhi, Feb 7: E-commerce major Amazon and the Directorate General of Foreign Trade (DGFT) on Friday renewed their partnership to help small businesses in India expand their reach in global markets through e-commerce and help enable $80 billion in exports from the country.
Kazakhstan, Georgia to work on Middle Corridor infrastructure upgrades
Almaty, Feb 7: Kazakhstan and Georgia are focusing on boosting cargo volumes along the Trans-Caspian International Transport Route, or the Middle Corridor, while upgrading its transit infrastructure, according to a statement issued by the Kazakh Presidential press service.
Delhi International Leather Expo 2025 to provide robust platform for manufacturers, exporters
New Delhi, Feb 6: The Council for Leather Exports (CLE) is set to organise the Delhi International Leather Expo (DILEX) 2025 in the national capital this month, according to an official statement on Thursday.
Panama waives fees for US government vessels
Washington DC, February 6: The US State Department on Wednesday announced that Panama has agreed to eliminate fees for US government vessels transiting the Panama Canal.
South Korea's current account surplus more than triples in 2024: BOK
Seoul, Feb 6: South Korea's current account surplus for 2024 more than tripled from a year earlier, led by strong exports and increased dividend income, central bank data showed on Thursday.
Trump to speak with Xi as China announces retaliatory tariffs
Beijing, February 5: United States President Donald Trump is set to speak with Chinese President Xi Jinping, Al Jazeera reported on Tuesday, citing Trump's top trade adviser, Peter Navarro.
Hyundai Motor Group poised for potential gains from US tariffs on Mexico
Seoul, Feb 5: Hyundai Motor Group is expected to be among the least affected global automakers from the United States' plan to levy a 25 percent tariff on goods from Mexico, according to market watchers on Wednesday.
China announces retaliatory tariffs on US, to impose 15 pc tariff on coal, LNG; 10 pc on crude oil
Beijing, February 4: After the US government announced a 10 per cent tariff on all Chinese goods exported to America, China on Tuesday imposed additional tariffs on various US goods, including a 15 per cent tariff on coal and liquefied natural gas, and a 10 per cent tariff on crude oil starting from February 10.
US President Donald Trump holds talks with Canadian PM
Washington DC, February 3: US President Donald Trump said that he had spoken with the Canadian Prime Minister Justin Trudeau amid tensions over the 25 per cent tariff levied on Ottawa.
Chinese economy much weaker now to withstand tariffs: Moody's
New Delhi, February 3: China's economy is in a much weaker position "this time around" and it will be "substantially harder" for it to withstand a barrage of the US tariffs, Moody's Analytics said.
Trump doubles down on tariff needs, cites trade deficits with Canada, Mexico, China;
Washington DC, February 2: US President Donald Trump on Sunday criticised the trade deficits that the US has with Canada, Mexico, China, and argued that America should no longer "subsidise" other countries, and urged businesses to manufacture domestically to avoid tariffs.
Canada ceases to exist as viable country without US subsidy: Donald trump
Washington DC, February 2: A day after Canadian Prime Minister Justin Trudeau announced a 25 per cent retaliatory tariff in response to US tariffs, US President Donald Trump claimed that the United States subsidises Canada and suggested that the country would not be viable without American support.
Trump tarriffs: China vows countermeasures, to sue US at WTO; Canada, Mexico hit back
Beijing, February 2: China on Sunday said it "firmly opposes" the new tarrifs imposed on the country by US President Donald Trump and warned of taking "corresponding countermeasures" to resolutely safeguard its own rights and interests.
China firmly deplores and opposes US tariff move, vows to take countermeasures
Beijing, February 2: The Chinese Ministry of Foreign Affairs has said that it "firmly deplores and opposes" the US imposition of 10 per cent tariffs on Chinese goods and vowed to take necessary countermeasures to defend its legitimate rights and interests.
We did not want this, but Canada is prepared, Justin Trudeau responds to tariff announcement
Ottawa, February 2: Prime Minister Justin Trudeau responded on Sunday to the United States' decision to impose a 25 per cent tariff on most Canadian goods, stating that "Canadians did not want this, but are prepared."
Trump imposes 25 per cent tariffs on imports from Canada and Mexico, 10 per cent on China
Washington DC, February 2: United States President Donald Trump has announced a 25 per cent tariff on imports from Canada and Mexico, as well as a 10 per cent tariff on goods from China, citing concerns over illegal immigration and the smuggling of drugs, including fentanyl.
Budget 2025-26: FM Sitharaman proposes key measures to boost exports
New Delhi, Feb 1: In a bid to further push exports amid geo-political uncertainties, Finance Minister Nirmala Sitharaman on Saturday announced the setting up of an Export Promotion Mission, with sectoral and ministerial targets, driven jointly by the Ministries of Commerce, MSME, and Finance.
Canada PM Trudeau says tariff response will be forceful but reasonable
Ottawa, February 1: Prime Minister Justin Trudeau said that Canada's response will be "forceful but reasonable" if US decide to impose 25 per cent tariffs as threatened by President Donald Trump, The Globe and Mail reported.
Brazil President Lula warns of retaliation after Trump's tariff threat on BRICS nations
Brasilia, January 31: Hours after US Presiden Donald Trump warned BRICS nations including Brazil of tariffs if they go with a separate currency, Brazilian President Lula da Silva affirmed that if Washington does take any such action, Brasilia will respond in kind, Al Jazeera reported.
Trump's threat seems empty as no serious proposal for BRICS to come up with alternative currency: Congress MP Shashi Tharoor
New Delhi, January 31: Congress MP Shashi Tharoor said that US President Donald Trump's threats to impose tariffs on BRICS nations "seem empty" as there is no plan to introduce an alternative currency to the US dollar.
Replace USD, face 100% tariffs, Donald Trump once again holds out threat to BRICS nations
Washington, DC, January 31: US President Donald Trump ihas once again held out the threat of tariffs to BRICS nations if they try to replace the US Dollar with any other currency. In a post on Truth Social, Trump wrote:
Trump 2.0 threatens tariffs by no action yet, markets see it as gradualist approach: UBI Report
New Delhi, January 29: US President Donald Trump's approach in the second term on tariff announcements has been perceived by markets as a more gradualist approach compared to his earlier aggressive campaign rhetoric, as per a report by Union Bank of India.
Trump tariff may cause higher consumer prices, slower economic growth in US: Deutsche Bank report
New Delhi, January 27: If US President Donald Trump goes ahead with implementing the new tariffs, such as a universal 10 per cent baseline tariff and a 60 per cent duty on imports from China, this will not only hamper the global economy but also could significantly impact the US economy, according to a report by Deutsche Bank.
Trump imposes 25 pc tariffs on Colombia for refusing deportation flights
Washington, Jan 27: US President Donald Trump has announced a 25 per cent tariff on all imports from Colombia in retaliation against the country's refusal to allow two deportation flights carrying immigrants to land.
India-US bilateral trade records robust growth in Dec
New Delhi, Jan 26: India's trade with the USA is on the upswing with robust growth being recorded in December in the bilateral exports of the two countries despite the disruption in shipping due to geopolitical tensions.