US President Donald Trump on Friday (local time) expressed optimism about the ongoing India-US tariff talks and praised Prime Minister Narendra Modi's leadership, referring to him as a "very smart man" and a "great friend."
India's direct export loss due to tariffs imposed by US President Donald Trump is expected to remain limited at only 0.1 per cent of the country's GDP, according to a report by CareEdge Ratings.
The auto component industry in the country is facing export challenges due to the ongoing overhang of tariffs by the USA. In addition, currency depreciation has led to demand weakness in a few Middle Eastern countries and a major slowdown in the European region, says a report by DAM Capital
India's economy is expected to show resilience despite trade tensions arising from US President Donald Trump's tariff threats, according to a report by S&P Global.
Amid concerns over U.S. President Donald Trump's tariff policies, a report by Motilal Oswal suggests that India has the opportunity to strengthen its domestic industries.
Amid growing concerns over global tariff wars affecting international trade, Rasna, India's iconic beverage brand, has positioned itself as uniquely resilient to these challenges.
President Donald Trump's reciprocal tariffs have started a global trade war and it will reduce not only the growth of the United States (US) and the world but also push up inflation and delay Federal Reserve rate cuts in US according to a report by Fitch Ratings.
Commerce Minister Piyush Goyal had a "forward looking" discussion with US Trade Representative Jamieson Greer on a mutually beneficial bilateral trade agreement.
China's exports are struggling as US tariffs intensify, with business leaders and economists warning of significant economic consequences. Many companies have shifted production to other countries, while business confidence remains low.
The European Commission expressed regret over US decision to impose US tariffs, calling them "unjustified, disruptive to transatlantic trade, and harmful to businesses and consumers, often resulting in higher prices."
In response to US President Donald Trump's decision to impose tariffs on Canadian steel and aluminium on Wednesday morning, Canada's federal government hits back with tariffs on USD 29.8 billion worth of American goods effective March 13 morning.
Union Commerce and Industry Minister Piyush Goyal, days after holding talks with the US counterpart in Washington, has called a meeting with the export councils and trade representatives starting on Thursday, sources say.