Category : Trade & Export


US Tariffs Cut India's Gem Exports by 44%

India's gem and jewellery exports to the US plunged 44% in April-Dec 2025, hitting $3.86 billion. Industry warns of job cuts and long-term market risks due to tariffs.

DGFT Tightens Niryat Protsahan Scheme Rules

The DGFT has revised the Niryat Protsahan scheme, narrowing eligibility, clarifying compliance, and limiting interest support for MSME exporters to ensure smoother implementation.

Punjab CM Mann Pushes for Enhanced Canada Trade Relations

Punjab Chief Minister Bhagwant Mann emphasized boosting trade with Canada, especially British Columbia, during a meeting with Premier David Eby, highlighting sectors like agriculture, IT, and education for collaboration.

India-EU FTA 'Mother of All Deals': Piyush Goyal

Commerce Minister Piyush Goyal calls the India-EU free trade agreement the 'mother of all deals', highlighting its significance for India's economy and trade relations with developed nations.

India-Germany Sign Telecom Cooperation JDI

India and Germany have signed a Joint Declaration of Intent to enhance telecommunications cooperation, focusing on 5G, 6G, and digital infrastructure development.

China Opposes US-Taiwan Trade Agreement

China strongly opposes the new US-Taiwan trade deal that cuts tariffs and boosts investment. Beijing urges Washington to follow the one-China principle.

TSMC Moves Arizona Fab 2 Production to 2027

TSMC advances mass production at its second Arizona semiconductor plant to the second half of 2027, boosting U.S. chipmaking capacity and global supply chain resilience.

India-Germany Economic Ties Strengthen

As geopolitical tensions rise, India and Germany are deepening their economic partnership through technology and sustainability initiatives during Chancellor Merz's visit.

India's Trade Deficit Hits $25 Billion in December

India's trade deficit expanded to $25 billion in December as imports jumped 9% to $63.6 billion, outpacing a modest export rise. Electronics, fertiliser, and silver drove imports, while exports saw growth in sectors like apparel and engineering.

India-EU Trade Deal Nears Completion, US Talks Continue

Commerce Secretary Rajesh Agrawal announces India and the European Union are close to finalizing a trade agreement, with 20 out of 24 chapters closed. The deal may be announced at the India-EU Summit on January 27, while US trade negotiations continue.

Trump Tariff Threat Hits India's Basmati Exports to Iran

India's basmati rice exports to Iran face uncertainty as Trump's proposed 25% tariff on countries trading with Iran creates payment risks. Iran is India's third-largest basmati market, worth $753 million in 2024-25.

US-Taiwan Trade Deal Cuts Tariffs, Boosts Chip Investments

The US and Taiwan sign a trade agreement lowering tariffs to 15% and securing $250 billion in tech investments. Meanwhile, Trump claims 'virtually no inflation' and threatens to invoke the Insurrection Act over Minnesota protests.

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