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.
India's pharmaceutical exports are not expected to face a major impact following the recent announcement of a 100 per cent tariff on branded and patented pharmaceutical products by the US, said Sudarshan Jain, General Secretary of the Indian Pharmaceutical Alliance (IPA).
Americans will be the first to be affected, said Niranjan Hiranandani, Founder and Chairman of the Hiranandani Group on Friday, in response to U.S. President Donald J. Trump's announcement of a 100 per cent tariff on branded and patented pharmaceutical products.
India's exports to the United States are showing signs of further decline as September marks the first full month under 50 per cent tariffs on key products, according to a report by GTRI.
The India-Australia Economic Cooperation and Trade Agreement (ECTA) has driven an impressive 86 percent utilization rate for Indian exports, creating a thriving trade ecosystem that positions India to leverage Australia's resources for global supply chain leadership, said Zoe Woodlee, First
The India-Australia Economic Cooperation and Trade Agreement (ECTA) has driven an impressive 86 percent utilization rate for Indian exports, creating a thriving trade ecosystem that positions India to leverage Australia's resources for global supply chain leadership, said Zoe Woodlee, First
The withdrawal of some Western companies from the Russian market has created significant voids across key sectors, opening up new opportunities for Indian MSMEs and other companies, said Dmitry Zavgorodniy, Chief Executive Officer (CEO) of ITE Group, a Russian company.
The United States' tariff action on Indian exports may not significantly impact the current financial year, but prolonged duties could affect investment sentiment, Chief Economic Advisor (CEA) to the Government of India, V Anantha Nageshwaran said on Wednesday.
US Commerce Secretary Howard Lutnick said India will eventually seek a trade deal with Washington despite continuing oil trade with Russia, warning that failure to support the US could lead to 50 per cent tariffs on Indian exports.
The Commerce Ministry on Thursday said the recent imposition of 50 per cent tariffs by the United States will have a short-term impact on India's exports, particularly in sectors such as textiles, chemicals, and machinery. However, it asserted that the long-term effect on overall trade an
The immediate impact of the recently imposed US tariffs on Indian exports may appear limited, but the secondary and tertiary effects on the economy pose significant challenges that must be addressed, highlighted a report by the Department of Economic Affairs under the Ministry of Finance.
Rajasthan Minister Jogaram Patel expressed strong confidence in India's economic resilience in the wake of the 50% tariffs imposed by the United States on Indian exports, effective today.