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The diversification strategy that India adopted after the US imposed a steep 50% tariff on Indian goods, is beginning to yield early gains.With exporters suddenly facing the higher duty, introduced in two phases: 25% from 7 August and doubled to 50% from 25 August, many have turned towards alternative markets across Asia, Europe and the…
India’s exports to the US plunged 37.5% between May and September 2025 as sweeping tariff hikes by the Trump administration squeezed margins across major sectors, according to a report by India-based trade think tank Global Trade Research Initiative (GTRI), ANI reported.The US, India’s largest export market, saw shipments fall from $8.8 billion to $5.5 billion…
China on Saturday said it will exempt certain Nexperia semiconductor products from an export ban imposed amid a dispute with Dutch authorities, signalling a partial easing of tensions that had alarmed European businesses.Anxiety over potential chip shortages had mounted after the Netherlands invoked a Cold War-era law in late September to take control of Nexperia,…
China said on Thursday it will suspend for one year certain export restrictions, including those related to rare earth materials, that were announced earlier in October, signalling a temporary easing in trade tensions with the United States, AFP reported.According to Beijing’s commerce ministry, the decision to “suspend the implementation of the relevant export control measures……
MUMBAI: Indian sellers using Amazon’s platform to reach in global markets have sold goods worth over $20 billion since 2015. Amazon terms it as cumulative e-commerce exports. With more small and medium sellers tapping the reach of online to go global, the Seattle-based company is targeting $80-billion worth of cumulative e-commerce exports from India by…
India’s electronics sector is experiencing a meteoric rise, positioning itself to potentially displace petroleum products as the nation’s second-largest export category within the next two years. Driven by a surge in manufacturing, largely spearheaded by Apple’s iPhone production, the electronics industry has become India’s fastest-growing overseas sales category, according to recent commerce ministry data. The…
File photo: US treasury secretary Scott Bessent (Picture credit: AP) US treasury secretary Scott Bessent said on Sunday that Washington and Beijing have reached a “very substantial framework” that would prevent the US from imposing 100% tariffs on Chinese goods and allow for a deferral of China’s rare earths export controls, as per news agency…
Representative image (AI-generated) Indian fertiliser companies are preparing to set up a urea manufacturing facility in Russia, a move that is likely to be announced during Russian President Vladimir Putin’s visit to India in December. This would be India’s first fertiliser venture in Russia.The plant will use Russia’s abundant ammonia and natural gas reserves, ensuring…
Three India-based companies were among 45 entities sanctioned by the European Union (EU) on Thursday for their alleged links to the Russian military.The three Indian firms named in the EU statement are Aerotrust Aviation Private Limited, Ascend Aviation India Private Limited and Shree Enterprises, news agency PTI reported. The sanctions form part of the EU’s…
Industry leaders indicated that China’s restrictions will impact the import of components. (AI image) India’s manufacturing sector, which saw a booster shot when the government announced sweeping GST rate cuts, now faces an operational crisis with China’s latest rare earth export curbs.China’s export restrictions, now including light rare earth magnet components, are expected to deepen…
