India’s merchandise exports registered a strong increase in August 2026, rising by more than 26% compared with the same month last year. The sharp rise in exports, combined with a comparatively slower increase in imports, helped narrow the country’s merchandise trade deficit during the month. Merchandise exports climbed to approximately $43.81 billion in August, compared...
India has called on BRICS member and partner countries to strengthen economic cooperation by promoting trade in local currencies, linking payment systems and building more resilient supply chains amid growing global economic uncertainty. External Affairs Minister S. Jaishankar, addressing the BRICS Business Forum in New Delhi, said the grouping needs greater economic resilience while remaining...
India’s energy trade with the United States underwent a significant shift during the first quarter of financial year 2026-27, with imports of petroleum products, led largely by liquefied petroleum gas (LPG), registering a sharp increase even as purchases of American crude oil declined substantially. Government trade data showed that India’s imports of petroleum products from...
The United States has imposed a new 50% tariff on approximately $20 billion worth of Canadian goods after last-minute negotiations between Washington and Ottawa failed to produce a trade agreement. The move has sharply escalated tensions between the two countries and prompted Canadian Prime Minister Mark Carney to announce plans for dollar-for-dollar retaliation. The new...
The United States has imposed an additional 10% tariff on imports from India as part of a wider trade action targeting economies that Washington says have failed to adequately prohibit or enforce restrictions on goods produced using forced labour. The decision introduces another challenge for Indian exporters and adds fresh uncertainty to the ongoing negotiations...
The United States has officially implemented a fresh round of tariffs on imports from Brazil, marking another significant step in President Donald Trump’s aggressive trade policy aimed at reshaping America’s economic relationships with key trading partners. The move comes as the administration prepares to announce additional trade measures affecting several countries, reinforcing its broader strategy...
A proposed sanctions bill targeting Russia has sparked growing debate among economists, policymakers, and financial analysts over its potential impact on the global economy. While the legislation is designed to increase pressure on Moscow over its continued military actions and international conduct, experts believe the measure could also produce unintended consequences for the United States...
Relations between the United States and Canada have entered another period of tension after US President Donald Trump warned that his administration could impose even higher tariffs on Canadian goods, citing smoke from Canada’s widespread wildfires as a major source of air pollution affecting American cities. The remarks have added a fresh dimension to the...
The Strait of Hormuz, one of the world’s most strategically important maritime corridors for energy transportation, is witnessing a significant decline in shipping activity as escalating tensions involving Iran continue to disrupt global oil trade. The slowdown has raised fresh concerns among governments, shipping companies, energy traders, and financial markets about the security of one...
A bipartisan group of 60 United States senators has expressed support for a proposed legislation that seeks to impose sweeping tariffs of up to 100% on imports from countries that continue purchasing Russian oil and other energy products. The move, if enacted, could significantly affect global trade relationships and place additional economic pressure on nations...