Amid evolving tariff policies and the potential trade wars, manufacturing sectors reliant on US exports face heightened risks; however, ongoing supply chain diversification is benefiting industrial hubs and commercial real estate in India and Southeast Asia, according to a report by global r
US President Donald Trump congratulated Canada's Prime Minister Mark Carney after his Liberal party won the election on Tuesday, with the leaders discussing their nations' relationship amid trade tensions, including US tariffs impacting Canadian economy.
US Treasury Secretary Scott Bessent has said that the United States and India made "some very good progress" concerning the trade deal during Vice President JD Vance's visit to the country and some announcements could be made soon.
Chinese Foreign Ministry spokesperson Guo Jiakun's statement comes after Trump in an interview with Time magazine last week said that Xi had called him.
The rating agency estimates that the tariff-related impact could erode operating profits by Rs2,700-4,500 crore, equivalent to 10-15 per cent of the operating profits of auto component exporters and 3-6 per cent of the overall industry's operating profits.
Facing US tariffs and rising risks in China, more than 25 per cent of Taiwanese businesses operating in China are considering ending their operations, while 50 per cent plan to expand investments into non-Chinese supply chains, according to the Straits Exchange Foundation.
The Uttar Pradesh (UP) government has set an ambitious target of tripling its export by 2030, as the ongoing tariff war between the United States and China has provided an opportunity for the state, an official statement by the state said on Saturday.
Exporters eyeing new opportunities in the U.S. market amid high tariffs of up to 245 per cent on China must proceed with caution, warns a new report by the Global Trade Research Initiative (GTRI).
The Reserve Bank of India also recently lowered the growth forecast for the current fiscal 2025-26 to 6.5 per cent from 6.7 per cent, amid uncertainties arising from trade wars following the reciprocal tariffs announced by the US.
April sees unprecedented growth of new export orders buoyed by the 90-day pause in the implementation of tariffs imposed by the Trump administration, HSBC Flash India PMI said.
India's ties with the United States are multi-dimensional and will only deepen, former Indian Ambassador to the US Taranjit Singh Sandhu has said, noting that India has a great opportunity to be a reliable partner in the supply chains.