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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…
Prime Minister Modi and President Trump held a productive conversation, reaffirming bilateral cooperation and discussing regional and global issues. The call signals renewed engagement, with progress noted in most areas except trade, where US tariffs remain a point of contention. Both leaders emphasized continued collaboration for global peace and prosperity. NEW DELHI: Amidst ongoing efforts…
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…
NEW DELHI: Prime Minister Narendra Modi and United States President Donald Trump held a telephone conversation on Thursday and reviewed the progress of the India–US Comprehensive Global Strategic Partnership. Both leaders expressed satisfaction with the steady strengthening of bilateral cooperation across a broad range of areas.According to an official statement, the two leaders discussed ways…
NEW DELHI: Calling the India–US trade deal “elusive” but nearing completion, chief economic adviser V Anantha Nageswaran on Wednesday said he would be “surprised” if the pact is not sealed by March, further adding that “most issues have been resolved.““I was hoping something would be done by the end of November, but it has turned…
Luka Doncic. Image via: Kelsey Grant/ Getty Images The Los Angeles Lakers, standing at 17-6 and eyeing the Western Conference crown, are gaining major traction in league-wide trade chatter as speculation mounts around pairing Luka Dončić with New Orleans Pelicans wing Herb Jones. The rumor intensified after Bill Simmons described the move as an “easy”…
NEW DELHI: US trade representative Jamieson Greer has told the US Senate panel that the type of offers India has been talking about have “been the best-ever the US has “received as a country” as the negotiations between the two countries gathered momentum.Greer told the Senate Appropriations Committee on Tuesday that India has been “quite…
The head of the International Monetary Fund is urging China to confront its economic imbalances, cautioning that an economy of its size can no longer rely on exports as its main growth engine.Although China’s shipments to the US have weakened amid steep tariffs introduced under President Donald Trump, its overall exports to global markets have…
India-US trade deal: India should be highly cautious about lowering duties for USagricultural or genetically modified products and must press the Trump administration to sharply reduce its steep tariffs, the Global Trade Research Initiative (GTRI) said on Wednesday.The think tank also advised New Delhi to wait for the US Supreme Court’s ruling on President Donald…
Currently, India and the US are conducting parallel negotiations on two fronts. (AI image) India-US trade deal: Calling India a ‘tough nut’ to crack, US Trade Representative Jamieson Greer on Tuesday also said that India gives some of the ‘best offers’. Greer’s comments assume significance at a time when a US delegation is in India…
