Vance announced that the US and India have finalised the terms of reference for trade negotiations, a vital step towards realising President Trump's and Prime Minister Modi's vision of more than doubling bilateral trade to USD 500 billion by the end of the decade.
The 12 per cent safeguard duty imposed by India on certain categories of steel product imports is expected to halt most imports, effectively forcing buyers to shift to domestic suppliers, says a study by Global Trade Research Initiative (GTRI).
India must engage with both the US and China and it should not draw itself into any binary amid the trade wars between economic giants, Ajay Srivastava, founder of Global Trade Research Initiative (GTRI) said in a note.
Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, highlighted that global financial institutions like the IMF and the World Bank have recognised India's strong growth potential and its important role in supporting global trade.
UAE Minister of State for Foreign Trade Thani Al Zeyoudi highlighted the country's continued leadership in global trade, driven by flexible policies, strong international partnerships, and robust service sector growth, as confirmed by the latest WTO report.
Indian stock markets is set to be shaped by a mix of domestic and global events in upcoming week, with the market participants keenly watchful on the global trade cues, corporate earnings, and foreign investment trends.
In his address to senior Defence officers and representatives of private companies involved in defence manufacturing, he said that until a few years ago, defence companies around the world were dependent on globalised and complex supply chains for their manufacturing, which were scattered ac
Fitch Ratings has sharply lowered its forecasts for world growth in response to the severe escalation in the global trade war, lowering world growth in 2025 by 0.4pp and China and US growth by 0.5pp, according to its its quarterly Global Economic Outlook.
The volume of world merchandise trade is expected to decline by 0.2 per cent in 2025 under current conditions, nearly three percentage points lower than what would have been expected under a "low tariff" baseline scenario, according to the WTO Secretariat's latest Global Trade Outlook and St
Indian stock indices closed handsomely higher Wednesday, amid global trade uncertainties that have emanated from Trump administration's reciprocal tariffs and Chinese counter tariffs.
There's no looking back for safe-haven gold amid the global trade uncertainties that have emanated from Trump administration's reciprocal tariffs and Chinese counter tariffs.
The US crackdown, imposing 125 per cent import tariffs on China, has unexpectedly created a rare opportunity for India's small manufacturers, offering them a short-term export window, said Global Trade Research Initiative (GTRI) on Wednesday.