With Canadian Prime Minister Mark Carney stating that Ottawa, in order to diversify its global trade landscape, will be doubling their non-US exports by the next decade, Indian High Commissioner to Canada Dinesh Patnaik said that the Canadian PM is set to visit India in the coming weeks f
"With the proposed tariff of around 500%, doing business with the US is out of the question right now. It will very badly affect exporters in textiles, engineering goods, pharmaceuticals, toys, and gems and jewellery," Mehta told ANI in an exclusive interview in the national capital. He d
India's textile and apparel exports face significant strain due to United States tariffs, with approximately 30 per cent of the sector's trade currently in doubt.
Global economic output is forecast to grow by 2.7 per cent in 2026, slightly below the 2.8 per cent estimated for 2025 and well below the pre-pandemic average of 3.2 per cent, according to the World Economic Situation and Prospects 2026, released by the United Nations on Thursday.
Indian stock benchmarks settled in the red for the fourth consecutive session on Thursday, weighed down by persistent weak sentiment among investors due to US tariffs and foreign investment outflows.
Following the assumption of office by former US President Donald Trump, a 50 per cent tariff was imposed on Indian exports, pushing several sectors of Indian industry into severe stress.
US President Donald Trump on Tuesday (local time) reiterated his good relationship with Prime Minister Narendra Modi; however, he underscored PM Modi's unhappiness over the high tariffs imposed on India for purchasing Russian oil.
Speaking on tariffs imposed by the US on India and US President Donald Trump's stance, former diplomat Ashok Sajjanhar said, "We have known for quite some time that we have been waiting for Trump to sign the final negotiated bilateral trade agreement that was submitted to him at the beginnin
"Because of Tariffs, our Country is financially, AND FROM A NATIONAL SECURITY STANDPOINT, FAR STRONGER AND MORE RESPECTED THAN EVER BEFORE. GOD BLESS AMERICA!" Trump said in a post on Truth Social.
According to a report from the Bank of Baroda, this transition follows a period of rapid frontloading of shipments earlier in 2025 as businesses sought to secure cost advantages before new trade barriers took effect.
Congress President Mallikarjun Kharge on Wednesday took a swipe at the Centre, alleging the BJP's failures and "misgovernance" on several fronts in 2025. On New Year's Eve, he wished for the government to provide "good governance" next year.