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IREF pointed out that Indian rice shipments to the US are already levied with a 50% duty. (AI image) India’s rice exports may bear the brunt of escalating tensions in Iran and US President Donald Trump’s latest move to impose 25% tariffs on any country doing trade with Iran. “Effective immediately, any Country doing business…
MUMBAI: Export of diamonds from India to the US has nearly halved after President Trump slapped a 50% tariff on the country, plunging the industry into a crisis, said Al Cook, CEO at De Beers Group, adding that there hasn’t been a large scale “relocation” of Indian industry to other countries, though, as stakeholders are…
File photo (Picture credit: AP) Venezuela’s main oil ports entered a fifth straight day without shipping crude to customers in Asia, the country’s biggest buyers, as US pressure on the OPEC producer intensified under an oil embargo, shipping data showed.The halt in deliveries risks worsening problems for state-run oil firm PDVSA, which is already struggling…
File photo: Chinese President Xi Jinping and Japanese PM Sanae Takaichi (Picture credit: AP) China on Tuesday banned exports of dual-use goods that can serve both civilian and military purposes to Japan, a move that comes amid heightened tensions between the two countries over Taiwan.In a statement, China’s commerce ministry said exports of such items…
Apple Inc’s manufacturing push in India has resulted in a dramatic surge in iPhone exports, with shipments crossing the $50 billion mark under the production-linked incentive (PLI) scheme period. The milestone was achieved by December 2025, just four years after the world’s second-largest company by market capitalisation joined the smartphone PLI programme in FY22, according…
NEW DELHI: Bajaj Auto on Sunday said its exports to Venezuela accounts for less than 1 per cent of its total overseas shipments. The South American country has plunged into a crisis after the US captured its President, Nicolas Maduro, on Saturday. “We do export to Venezuela. Pulsar and Boxer are very popular, but these…
Soaring global demand for semiconductors sent South Korea’s exports to their highest-ever level in 2025, official data showed Thursday, despite a year of trade turmoil sparked by US President Donald Trump’s tariff onslaught.Total exports last year were valued at over $700 billion, according to data from Seoul’s industry ministry, up 3.8 percent from the previous…
Indian steel and aluminium exports to the European Union will face a carbon-linked cost from January 1, 2026, as the EU’s Carbon Border Adjustment Mechanism (CBAM) moves from the reporting phase to its payment-linked stage, according to a report by the Global Trade Research Initiative (GTRI).Although the CBAM levy will be paid by EU-based importers,…
NEW DELHI: Starting Thursday, Australia is set to provide duty-free access to all Indian exports under the India-Australia Economic Cooperation and Trade Agreement (ECTA), commerce and industry minister Piyush Goyal said Monday.“From Jan 1, 2026, 100% of Australian tariff lines will be zero-duty for Indian exports, unlocking fresh opportunities for labour-intensive sectors,” Goyal posted on…
New Zealand’s PM Christopher Luxon, on Saturday, hailed the free trade agreement with India, saying that the deal fulfilled a key promise made by his government. “We said we’d secure a Free Trade Agreement with India in our first term, and we’ve delivered.” He further added that this “landmark deal means more jobs, higher incomes…
