Trade News - Latest Updates & Headlines
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.
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.
Trump believes tariffs are method by which economic balance can be done: Former envoy to US Taranjit Sandhu
New Delhi, February 15: Former Indian Ambassador to the US, Taranjit Singh Sandhu, has shed light on Donald Trump's stance on tariffs, stating that the US President believes tariffs are a means to achieve economic balance.
PM Modi, President Trump boost bilateral ties with 'Mission 500', co-production in defence, US-India COMPACT
Washington DC, February 15: India and the US bolstered their ties during two-day visit of Prime Minister Narendra Modi with a series of initiatives across domains including 'Mission 500', 10-year framework for major defence partnership and decisions concerning energy trade and civil nuclear cooperation.
Trump's Presidency expected to bring good news for oil market: Vanda Insights
New Delhi, February 14: In agreement with petroleum minister Hardeep Puri's observation that the "Trump presidency is good news for oil", Vandana Hari of Singapore-based Vanda Insights asserted that the year 2025 will be calmer for the oil sector.
'It was all anyone talked about': NBA Deputy Commissioner Mark Tatum reacts to Luka-AD Trade
New Delhi, Feb 14: The National Basketball Association's (NBA) dynamics have changed majorly through the trade between the Dallas Mavericks and the Los Angeles Lakers which saw Slovenian superstar Luka Doncic being traded for Anthony Davis and Max Christie. NBA Deputy Commissioner Mark Tatum, in a roundtable conference with international media, reflected on the trade claiming that it was a perfect example of how emotionally vested fans are to the players and the game as a whole.
Mission 500: Modi-Trump aim to boost bilateral trade to USD 500 billion by 2030, says Taranjit Singh Sandhu
New Delhi, February 14: Former Ambassador of India to the US and BJP leader Taranjit Singh Sandhu on Friday spoke about the importance of trade between India and the US, highlighting the discussions between Prime Minister Narendra Modi and US President Donald Trump.
Bharat Tex 2025 kicks off at Bharat Mandapam, ministers Giriraj Singh, Pabitra Margherita participate
New Delhi, February 14: Bharat Tex 2025 kicked off Friday at Bharat Mandapam. Organized by the consortium of 12 Textile Export Promotion Councils and supported by the Ministry of Textiles, this main event is being held from February 14-17.
Indian shares log weekly losses over Trump's tariff reciprocity plans
New Delhi, February 14: Failing to maintain the morning session gains, Indian stock indices closed Friday's session and the week in red. This marked eight consecutive sessions of decline in the domestic equity market indices, data showed.
India-Switzerland economic ties set to strengthen with new investment pact; no impact of MFN suspension on Indian companies: Top Swiss official
New Delhi, February 14: State Secretary for Foreign Affairs in Switzerland, Alexandre Fasel, on Thursday, said that India and Switzerland are poised to strengthen their economic ties through a new bilateral investment treaty.
India Exim Bank projects merchandise exports to reach USD 124.8 billion in Q4 of FY2025
Mumbai, February 14: The Export-Import Bank of India (India Exim Bank) has projected India's total merchandise exports for the fourth quarter (January-March) of the Financial Year (FY) 2025 to reach USD 124.8 billion, reflecting a year-on-year growth of 3.64 per cent.
Mission 500: India, US set USD 500 billion trade target by 2030, launch strategic tech initiatives
Washington, DC, February 14: US President Donald Trump hosted Prime Minister Narendra Modi for an official working visit in Washington DC, on Thursday (local time). During the two-day visit, India and the United States set an ambitious goal to double bilateral trade to USD 500 billion by 2030.
India, US to sign 10-year framework for Major Defence Partnership,' review arms transfer regulations
New Delhi, February 14: India and the US are set to begin talks to sign this year a new 10-year defence framework that will run from 2025 to 2035 and is expected to be finalized later this year.
India-US agree to start negotiations on reciprocal tariff: Foreign Secy Misri
Washington, DC, February 14: Prime Minister Narendra Modi and US President Donald Trump have have agreed to start discussing trade and tariff-related issues, Foreign Secretary Vikram Misri said.
Sensex, Nifty end lower over global trade uncertainties
Mumbai, Feb 14: Indian stock markets on Friday continued their downward trend for the eighth straight session, with both the Sensex and the Nifty ended in the negative territory amid global trade uncertainties.
PM Modi's visit a landmark event in boosting India-US trade ties: Apex chambers
New Delhi, Feb 14: Apex business chamber Assocham and the Federation of Indian Export Organisations (FIEO) on Friday hailed Prime Minister Narendra Modi’s visit to the US as a landmark event in strengthening India-US trade and investment relations.
India, US aim to double bilateral trade to $500 billion by 2030 with Mission-500: Foreign Secy Misri
Washington DC, February 14: Following the bilateral meeting between Prime Minister Narendra Modi and President Donald Trump, Foreign Secretary Vikram Misri provided a detailed overview of the key initiatives launched during the visit and said that the leaders launched Mission-500 in the sector of trade and investment, aimed at more than doubling two-way trade to USD 500 billion by 2030.
MAGA plus MIGA becomes a MEGA partnership for prosperity: PM Modi on strengthening India-US ties
Washington DC, February 14: Prime Minister Narendra Modi on Friday drew a parallel between India's "Viksit Bharat" vision and the "Make America Great Again" (MAGA) slogan in the United States, coining the term "Make India Great Again" (MIGA).
We are being reciprocal with India, says Trump on tariffs
New Delhi, February 14: US President Donald Trump reiterated his stance on tariff reciprocity in the joint press conference with Prime Minister Narendra Modi, emphasizing that the United States will match tariffs imposed by other countries, including India, to ensure fair trade.
PM Modi much tougher negotiator than me, there is not even contest: US President Trump
Washington, DC, February 14: US President Donald Trump said on Thursday (local time) that Prime Minister Narendra Modi is a much "tougher negotiator" than him and stressed that there is not even a contest. He made these remarks during a joint press conference with PM Modi.
India, US set USD 500 billion target for bilateral trade by 2030, says PM Modi
Washington, DC, February 14: Prime Minister Narendra Modi said on Thursday (local time) that India and the US have set a USD 500 billion target for bilateral trade by 2023 and added that the teams of two nations will work together to finalise a mutually beneficial trade agreement.
We have great unity, friendship, he and I and our countries: Trump tells PM Modi
Washington, DC, February 14: US President Donald Trump said that he and Prime Minister Narendra Modi and the two nations have "great unity and great friendship." He called it "important" to remain united as nations.
Learnt from President Trump...I also keep national interest of India at top of everything else: PM Modi in Washington DC
New Delhi, February 14: Lauding President Donald Trump's unwavering focus on the national interest of the United States, PM Modi said he too is committed to "keep the national interest of India at the top of everything else".
From F-35 fighter jets to doubling US-India trade: Key takeaways from Modi-Trump meet
New Delhi, Feb 14: Prime Minister Narendra Modi held bilateral talks with US President Donald Trump in Washington DC on Friday and discussed deepening of India-US partnership across various segments while also affirming their faith in the atomic energy.
Honour to have PM Modi, he is great friend of mine for long time: US President Donald Trump
Washington, DC, February 14: US President Donald Trump has said that Prime Minister Narendra Modi has been his "great friend" for a long time and stressed that it is "great honour" to have him at the White House.
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.
'Canada has been very bad to us, they have to start paying up': Donald Trump
Washington DC, February 14: US President Donald Trump reiterated his offer to make Canada the 51st US state while accusing Ottawa of being "very brutal" to Washington in terms of trade.
Trump slams India's high tariffs, says reciprocal tariffs will boost US jobs and production
New Delhi, February 14: An hour before his bilateral meeting with Prime Minister Narendra Modi, US President Donald Trump again commented on India's tariff structure, saying "they have the highest tariffs" and "it is a hard place to do business".
India, Switzerland hold 13th round of Foreign Office Consultations in Delhi
New Delhi, February 14: Ministry of External Affairs Secretary West, Tanmay Lal, and Swiss State Secretary for Foreign Affairs, Alexandre Fasel held 13th round of annual bilateral political consultations on Thursday.
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.
Corporate investment, ties in strategic industries keys to negotiation on US tariffs
Seoul, Feb 14: South Korea must bring "bargaining chips" to the negotiation table with the United States, such as new investments in the US and bilateral cooperation in key strategic industries, to minimise the possible impact of "America First" trade policies and U.S. tariff hikes, local trade experts stressed here on Friday.
India, US bilateral trade focuses on high-growth sectors like chips, electronics
New Delhi, Feb 14: Despite ongoing challenges, such as tariffs and protectionist policies, India and the US have set an ambitious goal of achieving $500 billion in bilateral trade, with a focus on high-growth sectors like semiconductors, electronics, and critical technologies, industry experts said on Friday.
India's auto sector not likely to face major impact due to US tariff hike
New Delhi, Feb 14: Indian automotive manufacturers are not likely to face any major impact due to US President Donald Trump's reciprocal tariffs as these companies sell their products largely in the fast-growing domestic market, according to analysts.
AI, trade, defence, energy, cooperation: All that PM Modi and Trump discussed
New Delhi, Feb 14: In a significant reaffirmation of their partnership, Prime Minister Narendra Modi and US President Donald Trump highlighted the robust India-US Comprehensive Global Strategic Partnership, rooted in mutual trust and shared democratic values.
Impact of Trump's 'reciprocal' tariffs may be limited due to FTA: South Korea
Seoul, Feb 14: Acting President Choi Sang-mok said on Friday that the impact of US President Donald Trump's latest "reciprocal" tariffs may not significantly affect South Korea's economy, yet emphasised the need for continued monitoring.
PM Modi departs for Delhi after productive US visit
Washington, Feb 14: Prime Minister Narendra Modi has emplaned for New Delhi after concluding a highly productive visit to the US, marked by key diplomatic engagements and strategic agreements.
PM Modi's 'MAGA, MIGA' equation for India-US 'MEGA' ties
Washington, Feb 14: Prime Minister Narendra Modi has said that India and the US have a 'MEGA' partnership for prosperity.
Stock market opens high as Trump indicates 'wonderful trade deals' for India, US
Mumbai, Feb 14: The Indian benchmark indices opened higher on Friday as Prime Minister Narendra Modi and US President Donald Trump announced plans to cement "some wonderful trade deals" for India and the US.
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.
'India-US have a 'MAGA+MIGA=MEGA' partnership for prosperity!': PM Modi
Washington, Feb 14: Prime Minister Narendra Modi on Thursday, during a joint briefing with President Donald Trump in the US, spoke about India's vision of 'Make India Great Again' (MIGA) -- a phrase inspired by Trump's signature slogan 'Make America Great Again' (MAGA).