Stay updated with the latest tariff news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on tariff topics.
New Delhi: India has proposed a preferential trade agreement (PTA) with Mexico to help domestic exporters deal with the steep tariffs announced by the South American country, a top government official said on Monday. Mexico has decided to impose steep import tariffs - ranging from about 5 per cent to as high as 50 per cent on a wide range of goods (about 1,463 tariff lines) from countries that do not have free trade agreements with Mexico, including India, China, South Korea, Thailand and Indone ...Read More >
(RTTNews) - Indian shares opened on a sluggish note Tuesday, with lingering uncertainty around tariffs and caution ahead of key U.S. jobs and inflation data due this week keeping investors on edge. The benchmark BSE Sensex dropped 353 points, or 0.4 percent, to 84,859 while the broader NSE Nifty index was down 106 points, or 0.4 percent, at 25,914. Tata Power was down about 1 percent after it unveiled plans to invest around Rs. 25,000 crore in capital expenditure during the current financial y ...Read More >
India and the US are nearing a framework trade deal. Commerce Secretary Rajesh Agrawal stated that further formal discussions may not be needed. Negotiations with the European Union on a free trade agreement have entered a difficult phase. India and the EU are working to resolve differences, including the Carbon Border Adjustment Mechanism. India and the US on the cusp of clinching a framework trade deal and both sides may not require further rounds of formal discussions, commerce secretary Raj ...Read More >
New Delhi: The United States is continuing to purchase a large volume of goods from India despite tariffs imposed by President Donald Trump. As per the data released by the Modi government, India's export in November spiked by 19.4 percent to USD 38.1 billion, which is the best performance in the last three years. Experts are of the opinion that the main reason behind this surge is higher exports to the United States and China. At the same time, imports declined by 2 percent. In November, impor ...Read More >
(RTTNews) - Indian shares are seen opening lower on Tuesday, tracking weak cues from global markets in the run-up to the release of key U.S. economic data that could offer clarity on the economic and rate outlook. Meanwhile, media reports suggest that India and Mexico are negotiating a limited preferential trade agreement to address the impact of Mexico's proposed 50 percent tariffs on Indian exports. Mexico is India's third-largest car export destination after South Africa and Saudi Arabia. ...Read More >
New Delhi: Union Commerce Secretary Rajesh Agrawal said on Monday that India is "very close" to concluding an interim trade deal with the US to bring down tariffs but stopped short of fixing any timeline on the issue. "We are very close on closing the initial framework deal, but I don't want to put a timeline to it," the Commerce Secretary told journalists here. "We have done six rounds of talks with the US, where we have discussed both the BTA (bilateral trade agreement) as well as an interim ...Read More >
New Delhi (ABC Live): Donald Trump's tariff-first trade posture is back at the centre of global commerce. However, India's late-2025 export numbers show a different story: New Delhi is not merely "absorbing" tariff pressure. Instead, it is hedging by upgrading its export mix, expanding non-US markets, and using services strength as a shock absorber. Most importantly, India has also benefited from trade re-routing. Even China -- often viewed only through the deficit lens -- appears in official d ...Read More >
NEW DELHI: India's exports grew at their fastest pace in over three years, rising 19.4% to $38.1 billion in Nov on the back of a jump in shipments to the US and China. With imports falling 2% to $62.7 billion, the trade deficit narrowed to $24.6 billion, the lowest level since June.India's exports to the US are estimated to have increased 22.6% to $7 billion in Nov despite the impact of 50% additional tariffs, while the value of consignments going to China rose 90% to $2.2 billion. In fact, in N ...Read More >
New Delhi: India has seen broad-based economic growth and the asset ownership gap between the rich and the others has been narrowing over the past decade despite the pandemic blues, finance minister Nirmala Sitharaman said on Monday. Replying to a discussion on the first batch of supplementary demands for grants for 2025-26 in the Lok Sabha, the minister also countered the "dead economy" jibe, highlighting sovereign rating upgrades for India by three global agencies, including S&P, this year. ...Read More >
Lower battery storage tariffs seen boosting renewable integration; govt outlines global partnerships. The cost of battery energy storage systems (BESS) in India has declined sharply, with tariffs discovered through competitive bidding falling to as low as Rs 2.1 per unit (kWh), the government said in Parliament on Monday, signalling a major improvement in the economics of renewable power integration. In a written reply in the Rajya Sabha, the Ministry of Power said that earlier battery storage ...Read More >
New Delhi, Dec 15 (SocialNews.XYZ) The Reserve Bank of India, as on March 31 this year, held 879.58 metric tonnes of gold as compared to 822.10 metric tonnes as on March 31, 2024, reflecting an increase of 57.48 metric tonnes, the Parliament was informed on Monday. These gold holdings contribute to strengthening confidence in the Indian rupee and the overall external stability of the economy, Minister of State for Finance Pankaj Chaudhary told the Lok Sabha in a reply to a question. To questio ...Read More >
New Delhi: The government is taking the high airfares issue seriously and wants to prevent opportunistic pricing situation and is strengthening the tariff monitoring unit of DGCA, Minister of Civil Aviation Kinjarapu Rammohan Naidu informed the Rajya Sabha on Monday. Responding to supplementaries during Question Hour, the minister said the government is taking the issue seriously, while noting that the surge in airfares is generally because it is a deregulated sector. He said in air travel, many ...Read More >
Mumbai, Dec 15 (PTI) The rupee on Monday crashed to its lowest-ever level of 90.80 before settling at a new all-time low of 90.78 against the US dollar, registering a loss of 29 paise over its previous close, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows. Forex traders said prevailing risk-averse market sentiment, compounded by strong US dollar demand from importers, further dented investor sentiment. At the interbank foreign exchange, the rupee o ...Read More >
CHENNAI: By growing its merchandise exports by 19.38 per cent in November, India has proved that no global uncertainty, slump in demand in its markets or trade tariff can affect its shipments. India also does not need a trade deal with the US as the shipments to the country have grown 22.6 per cent in November despite reciprocal and punitive tariffs of 50 per cent. As per the government trade data released on Monday, merchandise exports in November were up 19.38 per cent to $38.13 billion again ...Read More >
Image source: Ministry of Power (GODL-India), GODL-India , via Wikimedia Commons India's unified national power grid and aggressive expansion of renewable capacity have positioned the country as a premier destination for hyperscale data centers and Global Capability Centers (GCCs), Commerce and Industry Minister Piyush Goyal said on Monday. Speaking to reporters in New Delhi, Goyal emphasized that the country's 500-gigawatt (GW) integrated grid -- one of the largest single-frequency networks i ...Read More >
Merchandise exports for November 2025 stood at USD 38.13 billion, while imports were estimated at USD 62.66 billion. New Delhi: India's merchandise trade deficit registered a sharp decline to USD 24.53 billion in November from USD 41.68 billion in October despite the uncertainties in the global market triggered by the US tariff turmoil, data released by the Commerce Ministry on Monday showed. Merchandise exports for November 2025 stood at USD 38.13 billion, while imports were estimated at USD ...Read More >
New Delhi, Dec 15 (PTI) India's exports rebounded by 19.37 per cent to USD 38.13 billion in November after contracting in October, driven by higher shipments of engineering and electronics goods that helped bring down the trade deficit to a five-month low of USD 24.53 billion. According to government data released on Monday, the country's imports dipped by 1.88 per cent to USD 62.66 billion due to a fall in the inbound shipments of gold, crude oil, coal, and coke during the month under review. ...Read More >
New Delhi, Dec 15 (SocialNews.XYZ) Leading industry bodies on Monday expressed satisfaction over the strong performance of India's exports in November despite global uncertainties and 50 per cent US tariffs, reflecting the resilience and competitiveness of the country's export sector. India's merchandise exports rose to $38.13 billion in November, registering a robust year-on-year growth of 19.37 per cent. Merchandise imports during the month stood at $62.66 billion. On the services front, exp ...Read More >
Mumbai (Maharashtra) [India], December 15 (ANI): The Indian stock market on Monday begin the week on a negative note with Nifty managing to close above 26,000 in the volatile session. Sensex and Nifty 50 ended in the red. Sensex ended 54 points, or 0.06%, lower at 85,213.36, while the Nifty 50 closed at 26,027.30, down 20 points, or 0.08%. Also Read | iPhone 16 Pro Flipkart Price Drop Alert: Apple's Premium Model Available at Discounted Rates; Check Current Price, Specifications and Features. ...Read More >
Gold is consolidating high again, prolonging its remarkable monster bull. Since rocketing into extreme overboughtness in mid-October, gold has largely been drifting sideways on balance. This is really defying precedent for big-and-fast drawdowns after such massive runs, for an unbelievable fourth time in this bull. How its three earlier high consolidations played out offers insights into this current one's likely behavior. In a single month into October 20th, gold soared 18.2% achieving 15 new ...Read More >
New Delhi [India], December 15 (ANI): The Indian economy is poised to grow at 7.0 per cent in the current fiscal 2025-26, Crisil said as it raised projections by 50 basis points soon after the country registered robust growth in the first half. Crisil has revised its GDP forecast for this fiscal with the first-half growth printing at a street-beating 8 per cent. "We expect GDP to grow at 7 per cent in fiscal 2026, compared with 6.5 per cent in fiscal 2025," Crisil, a global, insights-driven an ...Read More >
Mumbai, Dec 15 (SocialNews.XYZ) Gold and silver prices rose sharply in early trade on Monday, supported by positive global cues and weakness in the US dollar. On the Multi Commodity Exchange (MCX), gold February futures were trading 0.72 per cent higher at Rs 1,34,580 per 10 grams during early trade. Silver March contracts also saw strong buying interest and climbed 1.36 per cent to Rs 1,95,466 per kg. The precious metals had seen sharp movements in the previous session as well. On Friday, De ...Read More >
Russian President Vladimir Putin reaffirmed Moscow's role as a steady energy supplier for India's growing economy. He highlighted expanding cooperation in nuclear power, trade routes like INSTC, and Russia's participation in 'Make in India'. Russia has reaffirmed its long-standing energy partnership with India, with President Vladimir Putin declaring that Moscow will remain a steady, uninterrupted supplier for the country's fast-growing economy. While adressing the joint press address with Prim ...Read More >
NEW DELHI (AP) -- Russian President Vladimir Putin landed in India Thursday on a state visit aimed at bolstering bilateral and economic ties between the two countries. Indian Prime Minister Narendra Modi received the Russian leader at an airport in New Delhi, giving a bearhug and a tight handshake with the gusto of an old friend. Modi will host Putin for a private dinner tonight at his decked-up official residence. On Friday, the two leaders will hold talks as part of the 23rd India-Russia Su ...Read More >
New Delhi (PTI): India and Russia on Friday firmed up a five-year plan to bolster economic and trade partnership in the face of Washington's punitive tariff and sanctions regime even as Prime Minister Narendra Modi conveyed to President Vladimir Putin that the war in Ukraine must be brought to an end through dialogue. Following their summit talks, Modi and Putin unitedly demonstrated their keenness to impart a fresh momentum to the trajectory of the over eight-decades-old partnership between th ...Read More >
NEW DELHI: Stock market benchmark indices Sensex and Nifty rallied on Friday after the Reserve Bank of India (RBI) cut key benchmark interest rate for the first time in six months and took steps to boost liquidity to support a "goldilocks" economy in the face of high US tariffs. Rising for the second day in a row, the 30-share BSE Sensex advanced 447.05 points, or 0.52 per cent, to settle at 85,712.37. During the day, it jumped 531.4 points, or 0.62 per cent, to 85,796.72. The 50-share NSE Nif ...Read More >
Mumbai, Dec 5 (PTI) Home, auto and other loans are likely to cost less as the Reserve Bank of India (RBI) on Friday cut key benchmark interest rate for the first time in six months and vowed to provide Rs 1 lakh crore liquidity boost to banking sector to support a "goldilocks" economy in the face of high US tariffs. The six-member monetary policy committee, led by RBI Governor Sanjay Malhotra, voted unanimously to lower the repurchase or repo rate by 25 basis points to 5.25 per cent and retaine ...Read More >
Mumbai, Dec 5 (PTI) Reserve Bank Governor Sanjay Malhotra on Friday said that the policy repo rate will continue to be "low" till the inflation remains benign. Speaking to reporters at the RBI headquarters after announcing a 25 basis points cut in the repo rate to 5.25 per cent, he declined to specify the level to which the repo rate can go to but added that the RBI's inflation estimates point to benign numbers. "Going forward, we expect benign inflation and so if the inflation continues to be ...Read More >
NEW DELHI (AP) -- Russian President Vladimir Putin held talks with Indian Prime Minister Narendra Modi on Friday at an annual summit and agreed to diversify mutual economic ties, as the United States presses India to revise its decades-old partnership with Russia. The 23rd Russia-India Summit comes at a pivotal moment as the U.S. pushes for a Ukraine peace deal while seeking global cooperation. It will test New Delhi's efforts to balance relations with Moscow and Washington as the nearly four-y ...Read More >
NEW DELHI (AP) -- Russian President Vladimir Putin held talks with Indian Prime Minister Narendra Modi on Friday at an annual summit and agreed to diversify mutual economic ties, as the United States presses India to revise its decades-old partnership with Russia. The 23rd Russia-India Summit comes at a pivotal moment as the U.S. pushes for a Ukraine peace deal while seeking global cooperation. It will test New Delhi's efforts to balance relations with Moscow and Washington as the nearly four-y ...Read More >
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