Latest News, Updates & Breaking Headlines
Representative image (AI) In a significant acknowledgement of India’s growing economic importance to the United States, three members of the US House of Representatives have moved to roll back steep tariffs imposed by President Donald Trump on Indian imports, arguing that the measures hurt American jobs, consumers, and the broader US-India partnership.The resolution, introduced by…
Mexico’s steep tariff increase on imports from countries without a free-trade agreement will significantly disrupt India’s exports from January 1, 2026, the Global Trade Research Initiative (GTRI) has said, warning that nearly three-quarters of outbound shipments will come under sharply higher duties, ANI reported.Mexico has decided to impose duties of up to 50% on goods…
The US trade deficit has unexpectedly narrowed to its smallest level since 2020 as President Donald Trump’s sweeping tariff hikes altered import behaviour, according to delayed Commerce Department data released on Thursday.The deficit fell 10.9% to $52.8 billion in September, even as exports rose 3% to $289.3 billion and imports edged up 0.6% to $342.1…
Mexico has approved steep tariff hikes of up to 50% from the year 2026 on a wide range of imports from India, China and several other Asian countries in order to protect the national industry and producers, Reuters reported.The bill passed by the Senate on Wednesday with 76 votes in favour, 5 against and 35…
Indian rice exporters are having a hard day at Dalal Street on Tuesday after US President Donald Trump hinted at a possibility of another round of tariffs on Indian rice imports. The announcement triggered an immediate rout on the markets, raising concerns among investors. Kohinoor Foods saw the sharpest fall, sliding 9.9% to Rs 24.41,…
US President Donald Trump on Monday unveiled a $12 billion relief package for American farmers, aiming to soften the financial blow of the ongoing trade war with China, which has driven up production costs and slashed crop sales. The announcement was made at the White House during a roundtable meeting attended by agriculture secretary Brooke…
US President Donald Trump reignited tensions with Mexico, threatening to impose a 5% tariff on Mexico over an ongoing water-sharing dispute, accusing the neighbouring country of withholding supplies guaranteed under a decades-old treaty. Posting on his Truth Social account on Monday (local time), Trump said that he will raise duties on Mexican imports once again…
TOI correspondent from Washington : Tariffs? What tariffs? In a resounding rebuff to US efforts to corral its manufacturing might and gargantuan growth, China announced a $ 1 trillion trade surplus with the world on Monday, leaving Washington, New Delhi, Brussels among others capitals wringing their hands. It is the first time in human history…
President Trump’s trade war strategy – featuring sweeping tariffs – has not curtailed China’s export machine. (AI image) Driving the news:Despite nearly a decade of US tariffs under President Donald Trump, China’s trade surplus has exploded, hitting $1.08 trillion through November – the highest ever recorded globally and a level China didn’t reach until year-end…
India’s exports to the United States have dropped sharply over the last five months after the US increased import tariffs on Indian goods, doubling them from 25% to 50%. A report by the Global Trade Research Initiative (GTRI) shows that exports fell 28.5%, from $8.83 billion in May 2025 to $6.31 billion in October 2025….
