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Amid minimal year-on-year growth in overall exports for the 2024-25 financial year (FY25), sources have indicated that the Commerce Ministry is preparing a proposal to address the short-term credit requirements of e-commerce exporters. India’s total exports in FY25 rose by just 0.08% year-on-year, reaching $437.42 billion. According to sources, discussions are ongoing between the Commerce … Read more

ArcelorMittal Nippon Steel India’s Director and Vice President for Sales and Marketing, Ranjan Dhar, has described the now-suspended US reciprocal tariffs as an opportunity to uplift manufacturing as a percentage of India’s GDP. Stating that these are still early days with trade flows and seaborne trade getting readjusted, he told CNBC TV18 that India, at … Read more

US import and export prices came in softer than expected in March, signalling subdued inflationary pressures from global trade. Import prices declined 0.1% month-on-month, against economists’ expectations of a 0.2% rise, according to data released by the Bureau of Labor Statistics on Monday, April 15. Export prices were flat on the month, also missing the … Read more

India’s merchandise trade deficit widened sharply to $21.54 billion in March, reversing the relief seen in February when the gap had narrowed to a three-year low of $14.05 billion. The sudden spike came as imports shot up to $64.51 billion in March from $50.96 billion in February, outpacing the rise in exports during the same … Read more

The Bank of Japan may consider pausing its interest-rate hikes if the yen strengthens toward 130 per US dollar and its outlook for sustained inflation dims, according to analysts at Goldman Sachs Inc. A sharp appreciation of the yen could squeeze profits for Japan’s exporters, cool import prices, curb domestic investment and weaken wage growth, … Read more

India’s seafood exporters are preparing to ship 35,000-40,000 tonnes of shrimp to the United States with orders remaining stable after US President Donald Trump paused a planned 26% reciprocal tariff, reducing the duty to 10%, industry officials said on Monday (April 14). ”There is a lot of relief now as we are at par with … Read more

Former White House official Lisa Curtis has voiced strong concerns about the Trump administration’s trade policies. She specifically criticised the haphazard implementation of tariffs, arguing that they could damage the United States’ soft power and inadvertently strengthen China’s global influence. Curtis’s critique highlights the internal disagreements within the administration and raises questions about the long-term … Read more

The Maharashtra Authority for Advance Rulings (AAR) held that General Motors India is liable to pay 18% GST on the assignment or transfer of leasehold land by General Motors India to Hyundai Motor India Ltd (HMIL). General Motors India had applied to Maharashtra AAR seeking tax clarity citing whether its proposed transfer of existing leasehold … Read more

President Donald Trump’s administration wants to strike 90 trade deals in 90 days, but the challenges to quickly resolving the president’s trade war are already apparent. European Union trade chief Maros Sefcovic will on Monday be among the first foreign trade officials to come to Washington for urgent negotiations over the steep tariffs that Trump … Read more

Rick Woldenberg thought he had come up with a sure-fire plan to protect his Chicago-area educational toy company from President Donald Trump’s massive new taxes on Chinese imports. “When he announced a 20% tariff, I made a plan to survive 40%, and I thought I was being very clever,” said Woldenberg, CEO of Learning Resources, … Read more