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News
India to get 1.64 million-tonne EU steel quota; 6.95 lakh tonnes under FTA
14+ hour, 57+ min ago (591+ words) India will get country-specific tariff-rate quotas (TRQs) totalling 1.64 million tonnes annually for exporting steel products to the European Union, of which 6,94,853 tonnes will be under the free trade agreement, according to the draft text of the pact released by the…...
India's exports to FTA partners rise nearly 24% to $57.17 billion: Piyush Goyal
4+ day, 10+ hour ago (212+ words) India’s exports to countries with which it has free trade agreements rose 23.9 percent year-on-year to $57.17 billion during April-July, Commerce and Industry Minister Piyush Goyal said, pointing to a sharp increase in shipments to preferential trade partner markets. Exports to FTA…...
US adds 50% tariffs on more Canadian goods, bans alcohol imports
5+ day, 48+ min ago (384+ words) The United States has expanded tariffs on Canadian goods and announced import bans on several Canadian products, including most alcoholic beverages, dairy products and motorcycles, escalating the trade war between Washington and Ottawa. US President Donald Trump announced the bans…...
Global trade faces ‘structural shift’ as wars and weather redraw shipping routes, 18 nations warn
4+ day, 23+ hour ago (630+ words) The armed conflicts, trade wars, and extreme weather events hammering maritime supply chains are not one-offs, but rather signs of a “structural shift” for global trade, 18 of the most important shipping nations warned on Tuesday. “Shipping routes are increasingly instruments…...
Trump threatens to block Bombardier sales in US, demands Canada-based maker build locally
6+ day, 6+ hour ago (257+ words) US President Donald Trump on Monday threatened to block Canadian aircraft manufacturer Bombardier from selling its aircraft in the United States unless the company starts manufacturing them in the country. “NO MORE SELLING BOMBARDIER IN THE UNITED STATES! Their products…...
Textile stocks betting on a weak rupee may be missing the real problem
6+ day, 16+ hour ago (702+ words) A weaker rupee was supposed to help India's textile and footwear exporters. HSBC's data shows it hasn't. The bank compared India's exports to Vietnam's in the European Union market. On mid-tech goods like textiles, India pays a noticeably higher average…...
China's 26% earnings boom lands with a thud in stock market
1+ week, 1+ day ago (758+ words) China’s best profit growth in five years hasn’t been enough to reignite a stock rally, with a weak economy and doubts over AI returns sapping investor enthusiasm. Profits at onshore-listed Chinese companies climbed 25.7% in the three months to June from…...
Turquoise waters, hidden trade routes: Maldives link in Russia???s sanctions network
1+ week, 4+ day ago (453+ words) The Maldives, better known for its luxury resorts and tourism-driven economy, has emerged as an unexpected transit hub for goods destined for Russia, including products subject to Western export restrictions, according to a report by The Wall Street Journal. The…...
China blocks G20 consensus as tensions over trade and minerals intensify
1+ week, 4+ day ago (597+ words) China has blocked consensus on a G20 finance ministers’ communiqué after objecting to language aimed at tackling policies blamed for worsening global trade imbalances, according to the Financial Times. The disagreement prevented the group from issuing a joint communiqué after the…...
India, Chile aim to seal trade deal by year-end
2+ week, 18+ hour ago (175+ words) Moneycontrol.com India, Chile aim to seal trade deal by year-end Commerce Secretary Rajesh Agrawal met Chilean Vice-Minister of International Economic Relations Paula Estévez Weinstein in Santiago on August 26 to advance the negotiations India and Chile have stepped up negotiations…...