From January 1, 2026, India faces a major setback in the EU market, as 87 per cent of its exports begin paying higher import tariffs following the EU's suspension of Generalised Scheme of Preferences (GSP) benefits. These GSP concessions previously allowed Indian products to ship at less
The cumulative 50 per cent tariffs imposed by the President Donald Trump administration on Indian goods will come into effect exactly a fortnight from now, unless something dramatic happens between the two countries on the trade deal front in the meantime.