Textile importers based in the US are reaching out to Indian exporters, asking them to bear the costs that may emanate from the US tariffs going forward, two industry executives told ANI.
Chinese export hubs like Shanghai and Guangdong are experiencing early disruptions as the US-China tariff war escalates. With shipping halted and factories at a standstill, tensions have intensified following sharp reciprocal tariff hikes announced by both governments this week.
The US crackdown on low-value Chinese e-commerce shipments has opened a rare and potentially lucrative window for Indian exporters, said GTRI in a report.
Dr Huzaifa Khorakiwala, Executive Director of Wockhardt Limited, on Saturday said that the fall of US reciprocal tariffs on Indian pharmaceutical products will pose a significant challenge to the industry.
Noting that India has correctly assessed US President Donald Trump's objective of imposing tariffs and is attempting to address those concerns, a top geopolitics expert said on Saturday that New Delhi is willing to drastically reduce tariffs in the hope that there will be some reciprocal
Addressing the Carnegie Global Tech Summit 2025 in the national capital Jaishankar said that the US imposed tariffs has focussed India on the need to actually correcting "a certain skewed nature of our openness to the global economy".
"Even if the US imposes even higher tariffs, it would no longer make economic sense and ultimately go down as a joke in world economic history," according to the commission as reported in the Chinese state media.
Sharing a post on X, European Commission President Ursula von der Leyen wrote, "We took note of the announcement by President Trump. We want to give negotiations a chance. While finalising the adoption of the EU countermeasures that saw strong support from our Member States, we will put t
China and EU vowed to jointly uphold the multilateral trading system with WTO at its core. Wang also via video call with Malaysia on enhancing China-Malaysia and China-ASEAN eco and trade cooperation and jointly responding to US tariffs.