Export of Indian natural polished diamonds to the US - contributing 35 per cent of total exports in fiscal 2025 - is set to face further headwinds following the tariffs and penalty announced by the US, said Crisil Ratings officials.
India's reliance on domestic consumption rather than exports is a key strength in navigating the recently imposed reciprocal tariff, said Madan Sabnavis, Chief Economist at Bank of Baroda.
The United States has imposed a 20 per cent tariff rate on goods from Taiwan, which is considered "temporary" by Taiwanese President William Lai, who expects further negotiations to secure a lower rate.
French President Emmanuel Macron said the EU was "not feared enough" during trade talks with the US and vowed to be firmer in future negotiations. The EU-US deal includes 15% tariffs and major energy purchases. Macron said it preserved key interests but lacked strong negotiation, France 24 r
The recent imposition of a 25 percent tariff on Indian rice exports to the United States, along with an additional penalty still pending review, has stirred unease among stakeholders in the agricultural export sector. Despite the challenge, industry leaders suggest that India's inherent s
Indian pharmaceutical manufacturers are preparing a two-pronged strategy to offset the impact of the soon-to-be-effective 25 per cent US tariff on Indian goods, which includes drug exports, with industry experts anticipating that the move could significantly raise medicine costs in the Ameri
India's international trade in services showed notable momentum in June 2025, with both exports and imports registering year-on-year growth, according to data released by the Reserve Bank of India (RBI).
Canada's Prime Minister Mark Carney criticised new U.S. tariffs on Canadian exports, calling them unfair and harmful. He reaffirmed Canada's commitment to CUSMA, vowed to protect Canadian industries, and promised stronger local investment and trade diversification while continuing efforts to
Bangladesh secured a 20% U.S. tariff rate, protecting its apparel exports after complex talks. The deal avoided a 35% tariff and included commitments to buy U.S. goods, boosting trade ties while preserving Bangladesh's competitiveness and national interests.
Indian stock markets continued to remain under pressure on Friday morning as US President Donald Trump signed an executive order imposing 25 per cent tariffs on India's exports to the US, effective from August 7.
The government told the Parliament on Thursday that US President Donald Trump has announced a reciprocal tariff on Indian goods, and it is examining the impact of the recent events and will take all necessary steps to safeguard national interest.
Janata Dal United MP Sanjay Kumar Jha on Thursday said that Indian government and Prime Minister Narendra Modi are capable of finding solutions to the 25 per cent tariffs announced by US President Donald Trump on country's exports.