In response to Canada's tariffs on Chinese goods, China announces new tariffs on Canadian agricultural products, including rapeseed oil and pork, effective March 20, 2025.
In December 2024, China's exports surged to a record $540 billion as manufacturers accelerated shipments to avoid impending U.S. tariffs proposed by President Donald Trump.
In a strategic move to mitigate potential trade tensions and foster a more balanced pharmaceutical trade relationship, the Indian Pharmaceutical Alliance (IPA) has urged the Indian government to eliminate import tariffs on pharmaceutical products from the United States. This proposal comes in the wake of U.S. President Donald Trump’s announcement of imposing at least
A.P. Moller Maersk announces a $5 billion investment to develop India's ports, terminals, and landside infrastructure, focusing on Pipavav terminal expansion and Vadhavan Port development, aiming to streamline supply chains and boost economic growth.
India and the European Union have agreed to conclude a comprehensive free trade agreement by the end of this year, aiming to enhance bilateral cooperation in trade, technology, and defense.
The Indian government is considering extending import restrictions on low-ash metallurgical coke (met coke) beyond June 2025 to encourage domestic sourcing by steel manufacturers. In December 2024, India imposed country-specific quotas, limiting total met coke imports to 1.4 million metric tons from January to June 2025. This move aimed to protect local producers from a
In the third year of the ongoing Ukraine conflict, India has significantly increased its importation of Russian crude oil, totaling €49 billion. This substantial rise is attributed to the availability of discounted prices, prompting India to shift its traditional oil sourcing from the Middle East to Russia. Impact of the Ukraine Conflict on Global Energy […]
India’s crude oil imports from the United States saw a dramatic increase in February 2025, doubling to an average of 200,000 barrels per day (bpd) from 110,000 bpd in January. This rise underscores India’s efforts to diversify its energy sources amid shifting global trade patterns and geopolitical tensions. The increase in imports from the US […]
On Monday, February 24, 2025, Indian equity markets witnessed a substantial downturn, with the BSE Sensex falling below the 75,000 mark and the Nifty 50 index experiencing a significant drop. This decline is primarily attributed to escalating concerns over global economic growth, particularly in the United States, which have unsettled investors. Sensex and Nifty Plunge
Under Prime Minister Narendra Modi’s administration, India’s agricultural exports have experienced a significant surge, with several products entering international markets for the first time. This expansion not only showcases the country’s diverse agricultural capabilities but also aligns with the government’s vision of ‘Aatmanirbhar
