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The year 2025, reshaped global commerce in ways not seen for decades, moving into another uncertain phase, as pressures on growth and stability are expected to intensify. So will 2026 be another turbulent patch for global trade?Global merchandise trade managed to stay resilient through 2025, even as US President Donald Trump pushed ahead with higher…
AI-generated image used for representation “The golden age of America begins right now,” Donald Trump declared as he launched his second stint in the White House. Back in the presidency, he wasted no time signaling that this term would be markedly different from his first. Trump’s biggest leverage this time: tariffs. Unlike before, trade would…
US consumer confidence weakened in December, sliding to its lowest level since President Donald Trump rolled out sweeping tariffs earlier this year, as households grew more anxious about high prices, trade levies and job prospects, according to a survey by the Conference Board.The Conference Board said its consumer confidence index fell 3.8 points to 89.1…
India and New Zealand should aim to double their bilateral trade in the next five years, accordint to think tank GTRI. The organization recommends reducing import duties and strengthening partnerships in agriculture, while also calling for more direct flights and easier visa rules. These recommendations came on Sunday as both nations prepare to finalize a…
CHENNAI: Chief minister M K Stalin has urged Prime Minister Narendra Modi to solve the crisis faced by TN exporters due to the recent tariff hike imposed by the US. Currently, the US has imposed 50% tariff hike on Indian exports.Stalin wrote to Modi saying that the confirmed orders were cancelled and new orders have…
India and Oman on Thursday signed a Comprehensive Economic Partnership Agreement (CEPA) that will give duty-free access to over 98% of India’s exports to Oman.India agreed to cut tariffs on select Omani products such as dates, marbles and petrochemicals. The agreement is expected to come into force from the first quarter of the next calendar…
The trade deficit reduced to $24.6 billion, reaching its lowest point since June, as imports declined by 2% to $62.7 billion. (AI image) Defying pressure from Donald Trump’s 50% tariffs, India’s exports rose in November and the trade deficit shrunk to a five-month low. Exports moved up to $38.1 billion in November – an increase…
China posted an unprecedented $1 trillion trade surplus in the first 11 months of the year, brushing aside steep tariffs imposed by US President Donald Trump and highlighting deep global appetite for low-cost Chinese goods. The record surplus comes a year after Chinese manufacturers rushed to ship goods abroad after Trump’s election victory, in predicting…
India has begun discussions with Mexico to mitigate the impact of steep import tariffs approved by the Latin American country on goods from non-free trade agreement partners, including India, and to explore the possibility of a preferential trade agreement to safeguard bilateral trade interests, ANI reported.Mexico has cleared tariff hikes of up to 50 per…
As India reels amid steep tariff hike by Mexico, ranging up to 50 per cent, an official said New Delhi is actively engaging with Mexican authorities over what it views as a “unilateral” move to raise duties on a wide range of products.The discussions, the official said, are aimed at finding solutions beneficial to both…
