The Global Trade Research Initiative (GTRI) has said that while the Union Cabinet's approval of the Rs25,060-crore Export Promotion Mission (EPM) is a step forward, the initiative still faces significant implementation hurdles and funding constraints.
Kolkata (West Bengal) [India], November 10: Kolkata's industrial landscape entered a new phase this October as the All-India Leather Products & Allied Industries (AILPA) Exhibition 2025, organized by the Indian Leather Products Association (ILPA), positioned the City of Joy as a leading glob
Indian wood products and furniture exporters will become far more competitive in the US market, as tariffs on this category will be slashed from 50 per cent to 10-25 per cent after the latest tariff imposed by US President Donald Trump on wood products, said policy think tank GTRI.
US President Donald Trump on Tuesday claimed that a victory in the ongoing US Supreme Court case over his sweeping global tariffs would position America as "by far the richest country anywhere in the world", granting "tremendous" negotiating power to Washington.
Union Minister of Commerce and Industry, Piyush Goyal, chaired a meeting with Export Promotion Councils (EPCs) and Industry Associations on Wednesday to address rising global tariffs, explore solutions, and chart a path forward amid shifting trade dynamics.
Japanese companies can look at India as a crucial market to sell their products and also make it a manufacturing base, as the Asian country grapples with tariff barriers, Rajeev Khanna, Managing Executive Director and head of the India division at Sumitomo Mitsui Banking Corporation (SMBC),
Speaking about the trade deal, Novarro said that the EU has agreed to reduce "all their tariffs" to zero, while US continue their global tariff to fight the trade deficit at 15 per cent.
As global trade tensions rise with the return of high tariffs under US President Donald Trump's policy, questions are being raised on whether countries affected by these tariffs will sell off their dollar-denominated assets to manage the financial burden.
The ongoing global tariff wars and the continued rise in gold prices will significantly impact the overall consumer price index (CPI) in the upcoming months, even if food prices remain stable, according to a report by the Union Bank of India (UBI).
India's private sector capital expenditure (capex) could take a back seat in the near future due to rising uncertainty around global tariffs, according to a recent report by Goldman Sachs.
Congress leader Sachin Pilot called for a nuanced trade policy in light of global tariff shifts. Citing actions by Canada, Mexico, and the EU, he urged the government to consult stakeholders and protect India's growing economic interests.