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...
US President Donald Trump has announced a phased tariff plan targeting imported generic medicines, a move that could have significant consequences for India’s pharmaceutical industry and its exports to the American market. Under the proposed policy, generic medicines entering the United States will continue to face zero tariffs for a two-year transition period beginning August...
The United States has announced that it will impose a 25% tariff on a broad range of imports from Brazil beginning July 22, marking a significant escalation in trade tensions between the two nations. The decision represents one of the most serious economic measures taken by Washington against Brazil in recent years and is expected...
Yoga guru and Patanjali co-founder Baba Ramdev has escalated his call for Indians to embrace swadeshi (made-in-India) goods ahead of Diwali, issuing a stern warning to foreign entities he accused of trying to exploit the Indian market. In unusually forceful language, he said that “whoever dares challenge Bharat, we will gouge out their eyes,” signalling...
During a pivotal address marking the centenary celebrations of the Rashtriya Swayamsevak Sangh (RSS) in Nagpur, its chief—Mohan Bhagwat—delivered a strong message rejecting compulsion in international trade and urging renewed focus on Swadeshi (indigenous production) in response to recent US tariffs on Indian goods. Over recent months, the United States imposed steep reciprocal and penalty...
Prime Minister Narendra Modi on Sunday renewed his call for promoting swadeshi (indigenous) products, urging citizens to embrace self-reliance and reduce dependence on foreign-made goods. During his address, he highlighted that many people are often unaware whether everyday items, such as a comb, are made in India or abroad. “We should buy products that are...
Amid rising tensions in India–US relations, United States Secretary of Commerce Howard Lutnick said during an interaction with Bloomberg TV on Friday that India would soon seek reconciliation with Washington. Lutnick predicted that within the next one or two months, India would apologise to US President Donald Trump and come to the negotiating table for...
New Delhi: After completing the rationalisation of Goods and Services Tax (GST), the Narendra Modi-led government is now preparing to roll out a relief package for Indian exporters impacted by steep tariffs imposed by US President Donald Trump. According to official sources, the package is expected to provide targeted support to sectors struggling under the...
New Delhi: The Finance Ministry will commence the pre-budget exercise for the fiscal year 2026-27 from October 9, 2025, against a backdrop of geopolitical uncertainties and a steep 50 per cent US tariff on shipments from India. The upcoming budget is expected to focus on boosting domestic demand, generating employment, and steering the economy towards...
Prime Minister Narendra Modi participated in the Shanghai Cooperation Organisation (SCO) Leaders’ Summit held in Tianjin on Monday, September 1, marking India’s significant diplomatic engagement amid rising global trade tensions. This visit is PM Modi’s first to China since the 2020 border clashes and included crucial bilateral meetings with Chinese President Xi Jinping and Russian...