India, Asean to gain as looming US tariffs shake up global trade: BCG
1 day, 17 hours ago

India, Asean to gain as looming US tariffs shake up global trade: BCG

Live Mint  

New Delhi: India and Asean bloc stand to gain as looming tariffs under the second Donald Trump administration in the US and geopolitical tension reshape global trade flows over the next decade, according to a Boston Consulting Group report. India’s economic growth, combined with favourable policies aimed at boosting its manufacturing capabilities, positions it as a key player in the evolving global trade landscape, said the Boston Consulting Group report. “India is emerging as a major force in the Global South’s trade story as it builds favorable relations with the world’s leading economies,” said Nishant Gupta, managing director and partner at BCG India. “With its growing popularity as a production base for companies diversifying away from China, a skilled workforce, and rapidly improving infrastructure, India is set to become a preferred hub for global trade.” Impact of US tariffs The report outlines looming US tariffs as one of the most notable developments for trade.

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History of this topic

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’
1 week ago

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’

Live Mint  

As Donald Trump returns as the US President on 20 January, the world will closely watch his trade policies. During his first term, Trump initiated a trade war with China in 2018, imposing tariffs on $250 billion worth of Chinese goods, including steel, aluminium, solar panels and washing machines. China's trade surplus stood at $785 billion for the first 10 …

Dollar trade finance dips as demand for local currencies rises: JPMorgan's Zhang
1 week, 6 days ago

Dollar trade finance dips as demand for local currencies rises: JPMorgan's Zhang

Live Mint  

Mumbai: There has been a mild decline in the use of US dollars for trade finance in the Asia Pacific region on the back of higher interest rates, with demand for local currency financing increasing to fill the gap, according to a senior banker at JPMorgan. “Notably, US dollar trade finance has experienced declining momentum in the last two years, …

Donald Trump's tariff threat: Top experts discuss what it means for India
1 week, 6 days ago

Donald Trump's tariff threat: Top experts discuss what it means for India

India Today  

Donald Trump is set to return to the White House as the 47th President of the United States on January 20, 2025, for his second term and his pre-election rhetoric about increasing tariffs has sparked discussions about potential implications for global trade and India's economy. In an exclusive panel discussion with Rahul Kanwal, News Director at Aajtak & India Today, …

India Is Shooting Itself in the Foot on Trade — Again
Trending News
1 week, 6 days ago

India Is Shooting Itself in the Foot on Trade — Again

Live Mint  

-- President-elect Donald Trump has renewed his threat to impose a tariff wall on Indian imports to the US. In particular, companies are flummoxed by a new weapon in the bureaucrats’ arsenal they call “Quality Control Orders.” QCOs are apparently innocuous demands that imports into India satisfy quality standards. If India actually wanted to protect consumers, then it would — …

Five Indian stocks that could take a massive hit from potential US tariffs
2 weeks ago

Five Indian stocks that could take a massive hit from potential US tariffs

Live Mint  

US President-elect Donald Trump has always called India the “tariff king". The company’s revenue, gross profit, and net profit have grown at a compound annual growth rate of 7.5%, 3%, and 5.1%, respectively, driven by growth across various segments, including business-to-business, branded, and flooring businesses. Even if the US imposes tariffs, given the company's growth plans across India, its growth …

India’s trade braces for an action-packed 2025
3 weeks, 1 day ago

India’s trade braces for an action-packed 2025

Live Mint  

India’s external trade, navigating a phase of uncertainty owing to the European Union's new carbon tax on imports and slowing consumption in Europe, is set face further pressure. Yet, according to Pralok Gupta, associate professor, Indian Institute of Foreign Trade, which operates under the ministry of commerce and industry, “If US imposes high tariffs on China, India may face collateral …

US envoy's win-win 'lower tariffs' pitch for India amid Trump threat
3 weeks, 5 days ago

US envoy's win-win 'lower tariffs' pitch for India amid Trump threat

India Today  

The US Ambassador to India, Eric Garcetti, called for lowering tariffs between India and the US to boost trade between the two nations to enhance trade and ensure a fairer, more balanced partnership between the two nations. His remarks came days after US President-elect Donald Trump vowed to impose reciprocal tariffs on India if the country continues to levy high …

India is still world’s highest tariff major economy, says US ambassador Eric Garcetti
3 weeks, 5 days ago

India is still world’s highest tariff major economy, says US ambassador Eric Garcetti

Hindustan Times  

NEW DELHI: India remains the world’s “highest tariff major economy” and New Delhi and Washington should work together to reduce tariffs and make trade more fair, US ambassador Eric Garcetti said on Thursday. US ambassador to India Eric Garcetti addresses during a programme on 'Promise and Prosperity of the US-India Relationship' organised by the US-India Business Council in New Delhi …

What India-US trade could look like after Trump takes office
3 weeks, 5 days ago

What India-US trade could look like after Trump takes office

Live Mint  

By Manoj Kumar NEW DELHI, Dec 19 - India is preparing for possible trade talks with the United States, aiming for increased investments from U.S. companies and higher exports once President-elect Donald Trump takes office. Here are key commercial issues between the two countries: TRUMP POLICY ON CHINA India seeks to leverage Trump's policy by capitalising on U.S. trade tension …

Indian manufacturing must adapt to constant flux in a dynamic world
3 weeks, 5 days ago

Indian manufacturing must adapt to constant flux in a dynamic world

Live Mint  

The global economic landscape is becoming increasingly interlinked and dynamic. Despite multiple shifts, 2023 saw global merchandise exports worth over $24 trillion, an increase of 6% over 2019, demonstrating resilience in the face of disruptions. Focused reforms since then, including the production-linked incentive schemes and ‘Make in India’ initiative, combined with infrastructure development programmes, trade agreements and stronger participation in …

‘Full-scale tariff war with US will shave 0.3% off India's GDP next fiscal’
3 weeks, 6 days ago

‘Full-scale tariff war with US will shave 0.3% off India's GDP next fiscal’

New Indian Express  

MUMBAI: The incoming US president Donald Trump’s tariff war warnings, if implemented at the threatened level, will shave 0.3 percent off our GDP next fiscal but will have no impact if the import duty hikes are partial, says a leading domestic brokerage. Trump has been criticising New Delhi’s tariff regime for long, pointing to 100 percent tariffs on certain American …

We have to wait and watch to see how it pans out: Official on Trump’s tariff threat
3 weeks, 6 days ago

We have to wait and watch to see how it pans out: Official on Trump’s tariff threat

Live Mint  

New Delhi, Imposing reciprocal duties violates global trade rules but one has to follow a "wait and wait" approach to US President-elect Donald Trump's remarks on imposing reciprocal tariffs, a senior official said on Wednesday. US President-elect Donald Trump has said that India charges a lot of tariffs, reiterating his intention to impose reciprocal tariffs in retaliation for what New …

US tariffs on China unable to stop China trade growth
Trending News
4 weeks ago

US tariffs on China unable to stop China trade growth

China Daily  

Vessels dock at the port of Lianyungang, a pilot FTZ area in Jiangsu province. WANG CHUN/FOR CHINA DAILY US president-elect Donald Trump has repeatedly pledged to impose high tariffs on imports from China, including revoking China’s permanent normal trade relations status, resulting in 32 percent tariff, an additional 10 percent tariff, on the basis of the average 19 percent tariff …

US tariffs on China unable to stop China trade growth
Trending News
4 weeks ago

US tariffs on China unable to stop China trade growth

China Daily  

Vessels dock at the port of Lianyungang, a pilot FTZ area in Jiangsu province. WANG CHUN/FOR CHINA DAILY US president-elect Donald Trump has repeatedly pledged to impose high tariffs on imports from China, including revoking China’s permanent normal trade relations status, resulting in 32 percent tariff, an additional 10 percent tariff, on the basis of the average 19 percent tariff …

Trump warns India, says 'If they tax us, we tax them over tariffs on US goods'
4 weeks ago

Trump warns India, says 'If they tax us, we tax them over tariffs on US goods'

India TV News  

US President-elect Donald Trump has reiterated his intention to impose reciprocal tariffs in retaliation for the “high tariff” imposed by New Delhi on import of certain American products. Trump said India and Brazil were among countries that impose high tariffs on certain US products. If they want to charge us, that's fine, but we're going to charge them the same …

Trump’s approach to trade could be disruptive without doing much for America and the world
4 weeks ago

Trump’s approach to trade could be disruptive without doing much for America and the world

Live Mint  

Donald Trump will be sworn in as president of the US for a second time on 20 January 2025. India is one of the countries that Trump has threatened in case it moves ahead with using currencies other than the US dollar for its international trade. The US can reduce its aggregate trade deficit with the rest of the world …

Trade War Widened US Trade Deficit, Increased Chinese Global Exports
4 weeks, 2 days ago

Trade War Widened US Trade Deficit, Increased Chinese Global Exports

Deccan Chronicle  

The US-China trade war initiated by President Donald Trump under his previous government failed to achieve its goals as the trade deficit of the US further widened while China’s global exports increased between 2017 and 2023. The US-China trade war, which began in March 2018 by imposing 25 per cent tariffs on steel and 10 per cent on aluminium, escalated …

Mexico, Canada, ASEAN gained more from US-China trade war than India: GTRI
4 weeks, 2 days ago

Mexico, Canada, ASEAN gained more from US-China trade war than India: GTRI

Live Mint  

New Delhi, Dec 15 Mexico, Canada, and 10-nation Southeast Asian bloc ASEAN benefited more from the US-China trade war than India, economic think tank GTRI said in a report. "Key beneficiaries of the trade war included Mexico, Canada, and ASEAN nations, which collectively accounted for 57 per cent of the growth in US imports. India also emerged as a significant …

The great unknown: how a Trump presidency could affect the world, in five charts
1 month ago

The great unknown: how a Trump presidency could affect the world, in five charts

Live Mint  

US President Harry S. Truman once famously asked for a “one-handed economist" because he was tired of economists who, instead of giving decisive answers, would say, “On the one hand, this, and on the other hand, that." A plan to impose across-the-board tariffs on Mexico, Canada and China reinforced the view that tariffs would increase prices and keep US interest …

Trump’s proposed tariffs on China, Mexico, and Canada could benefit India - Report
1 month ago

Trump’s proposed tariffs on China, Mexico, and Canada could benefit India - Report

Live Mint  

New Delhi, December 10 : India has a significant opportunity to capitalize on export prospects resulting from expected trade disruptions by upcoming US President Donald Trump's tariff policies, says a report by Shriram Mutual Fund. The report outlined how Trump's proposed tariffs on top US import partners--China, Mexico, and Canada--could lead to trade diversion, benefiting countries like India. It said, …

India faces high exposure to US trade policy shift
1 month, 1 week ago

India faces high exposure to US trade policy shift

Deccan Chronicle  

Chennai: India will be one of the key economies that are most exposed to a potential trade policy shift in the US under the new regime. The 2025 trade outlook is clouded by potential US policy shifts, including broader tariffs that could disrupt global value chains and impact key trading partners, said UNCTAD in its global trade update. This 3.3 …

China+1 plan: India’s limited gain
1 month, 1 week ago

China+1 plan: India’s limited gain

New Indian Express  

NEW DELHI: Government think tank Niti Aayog has admitted that ‘India has seen limited success so far in capturing the China Plus One strategy. It attributes factors like cheaper labour, simplified tax laws, lower tariffs and pro-activeness in signing free trade agreements have played a key role in helping these countries expand their share of exports. The US has raised …

World Economic Forum chief Borge Brende on global trade, AI, India's aspirations
1 month, 1 week ago

World Economic Forum chief Borge Brende on global trade, AI, India's aspirations

India Today  

World Economic Forum President Borge Brende shed light on critical global economic and political dynamics, including the impact of Donald Trump-era trade policies, the evolving US-China economic relationship, and India's growing prominence in the global economy. IMPACT OF TRUMP’S PRESIDENCY ON TRADE I think we're seeing a change towards more nearshoring and friendshoring under President Trump's leadership. And I think …

India achieves limited success in capturing ’China Plus One strategy’ so far: Niti Aayog report
1 month, 1 week ago

India achieves limited success in capturing ’China Plus One strategy’ so far: Niti Aayog report

Live Mint  

New Delhi, Dec 4 India has seen limited success so far in capturing the 'China Plus One strategy', while Vietnam, Thailand, Cambodia, and Malaysia have become bigger beneficiaries, according to a report of government think tank Niti Aayog. "However, India has seen limited success so far in capturing the China Plus One strategy so far," said the report - 'Trade …

India’s exports rise, boosting global presence
1 month, 1 week ago

India’s exports rise, boosting global presence

Deccan Chronicle  

New Delhi: India is eyeing to be a global economic powerhouse with its remarkable achievements in the export landscape. “India’s export performance in several key product categories has shown notable success, with the country maintaining or improving its rank among the top 10 global suppliers, all with export values exceeding $1 billion in 2023,” the ministry said. “The petroleum sector …

Commerce Ministry Reviews India-US Trade Ties Amid Trump’s Controversial Remark
1 month, 1 week ago

Commerce Ministry Reviews India-US Trade Ties Amid Trump’s Controversial Remark

ABP News  

The commerce ministry is reviewing aspects of India-US trade relations, focusing on the implications of statements made by US President-elect Donald Trump during his election campaign and after the results, an official said, according to a PTI report. Trade experts have argued that Trump’s characterisation of India as an "abuser" of tariffs is unfair, as many countries, including the US, …

Asian manufacturing PMIs send positive signals but tariff threat tempers upside
1 month, 1 week ago

Asian manufacturing PMIs send positive signals but tariff threat tempers upside

Live Mint  

Manufacturing conditions across much of Asia looked slightly stronger midway through the fourth quarter, the latest surveys show, but trepidation about U.S. tariffs and the economic hit they’ll deal is taking some of the shine off the data. The suite of Asia purchasing managers’ indexes for November shows the region is still generally upbeat and navigating elevated geopolitical and economic …

India-China trade: An alarming $18 billion discrepancy
1 month, 2 weeks ago

India-China trade: An alarming $18 billion discrepancy

Live Mint  

India-China trade data for 2023 reveals a widening discrepancy, with India's reported imports from China falling significantly short of China's export figures, raising concerns over potential anomalies such as under-invoicing, misclassification, and inconsistent reporting practices. In 2023, India's merchandise imports from China stood at $99.59 billion, which was 18.2% lower than the $117.68 billion worth of exports reported by China, …

Why Trump’s proposed tariffs may be bad news for China and Asia
1 month, 2 weeks ago

Why Trump’s proposed tariffs may be bad news for China and Asia

CNN  

Hong Kong CNN — President-elect Donald Trump took to social media on Monday to promise massive hikes in tariffs on goods coming from Mexico, Canada and China starting on the first day of his second term. But Trump’s planned tariffs on Chinese goods could also benefit some countries in Southeast Asia as factories may relocate from China to other places …

Opinion: Making America Gated Again - India should know Trump means tariffs
Trending News
1 month, 2 weeks ago

Opinion: Making America Gated Again - India should know Trump means tariffs

India Today  

If there’s one tool that Donald Trump loves to use against other countries, it’s tariffs. The president-elect telegraphed his intention to impose tariffs on any and every country throughout the election campaign, so no one should be surprised that Trump announced he would impose tariffs on imports from Canada, Mexico, and China on Day 1 unless they took steps to …

Head-on | Why a rising India worries both the West and China
1 month, 2 weeks ago

Head-on | Why a rising India worries both the West and China

Firstpost  

By 2027, India will be the world’s third largest economy. The rear view mirror in both Washington and Beijing shows an accelerating Indian economy growing at nearly twice China’s rate and thrice America’s Never before has a former European colony, impoverished and subjugated for centuries as India was, risen to the status of an economic power. The rear view mirror …

China warns ‘no one will win’ if Donald Trump starts trade war
1 month, 2 weeks ago

China warns ‘no one will win’ if Donald Trump starts trade war

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy China shot back at Donald …

Will India gain as Trump points tariff bazooka at China?
1 month, 2 weeks ago

Will India gain as Trump points tariff bazooka at China?

India Today  

"It is time for them to pay a very big price!" "Many corporates with factories, establishments and offices affected by higher tariffs would be prone to diversify their production chains to geographies like India, Vietnam, Indonesia and South Korea," Nilanjan Ghosh, Director at ORF, tells India Today Digital. In an interview with India Today TV, geopolitical expert Farid Zakaria said …

S&P Global cuts India’s GDP growth estimates for FY26 and FY27, forecasts 6.8% growth for this fiscal
Trending News
1 month, 2 weeks ago

S&P Global cuts India’s GDP growth estimates for FY26 and FY27, forecasts 6.8% growth for this fiscal

Live Mint  

New Delhi, Nov 25 S&P Global Ratings on Monday revised down its estimate for India's economic growth in the next two financial years as high interest rate and lower fiscal impulse temper urban demand. In an update to its economic forecast for Asia-Pacific economies after US election results, the rating agency projected a 6.7 per cent GDP growth rate in …

Trump’s policies may open new doors for India’s defence sector: Report
Trending News
1 month, 3 weeks ago

Trump’s policies may open new doors for India’s defence sector: Report

Live Mint  

New Delhi, November 25 : The "America First" trade policy promoted by upcoming U.S. President Donald Trump has far-reaching implications for global trade and geopolitics. It said "Indian businesses in sectors such as pharmaceuticals and defense might also find new opportunities, especially if U.S.- India collaboration strengthens. The report said "increased tariffs might prompt retaliatory measures from trade partners, potentially …

Trump’s tariff proposal opens opportunity for India: Virmani
1 month, 3 weeks ago

Trump’s tariff proposal opens opportunity for India: Virmani

Live Mint  

New Delhi: US President-elect Donald Trump’s pre-election threat of stepping up import tariffs could translate into an opportunity for India to capture a larger share of the US market in the medium term as it could accelerate the re-orientation of global supply chains away from China, federal policy think tank NITI Aayog member Arvind Virmani said in an interview. Relative …

Ripple effects of US policy on Chinese trade
1 month, 3 weeks ago

Ripple effects of US policy on Chinese trade

Hindustan Times  

The United States ’s firm stance on Chinese products has become a cornerstone of its economic strategy, transcending party lines and administrations. As the world’s two largest economies clash, the consequences ripple through global markets, affecting supply chains, trade relationships, and economic growth worldwide. This bipartisan approach reflects a broader recalibration of the US's economic relationship with China, aiming to …

India trade deficit with Asian peers rising faster
1 month, 3 weeks ago

India trade deficit with Asian peers rising faster

Deccan Chronicle  

Chennai: India’s trade deficit with some of the trading blocs and economies in Asia is rising faster than its global deficit growth. From 2007-09 to 2020-22, the trade deficit grew by 302.9 per cent with ASEAN, 164 per cent with South Korea, and 138 per cent with Japan, compared to 81.2 per cent increase in the global deficit. Even in …

Imposing tariffs on India ’really bad’, will lead to trade war, US Congressman-elect Subramanyam on immigration & more
1 month, 3 weeks ago

Imposing tariffs on India ’really bad’, will lead to trade war, US Congressman-elect Subramanyam on immigration & more

Live Mint  

US Congressman-elect Suhas Subramanyam has expressed strong opposition to imposing tariffs on Indian imports, warning that such a move could trigger a trade war between the two countries. As Trump prepares to assume office, there is growing concern that his administration may impose higher tariffs on Indian exports, potentially straining trade relations between the two nations. Suhas Subramanyam, 38, has …

Trump's tariffs will worry India, but wait, there’s more
1 month, 3 weeks ago

Trump's tariffs will worry India, but wait, there’s more

Live Mint  

The return of Donald Trump to the US presidency has raised fears worldwide of a trade war. This resulted in a trade war with several countries, including China and India, which imposed retaliatory tariffs on US goods. Besides an increase in average tariffs on Indian imports, the number of tariff lines subject to tariffs of 25% or more rose from …

Will US-India thrive under Trump amid 'China factor'? Fareed Zakaria explains
1 month, 4 weeks ago

Will US-India thrive under Trump amid 'China factor'? Fareed Zakaria explains

India Today  

Veteran journalist and geopolitical expert Fareed Zakaria on Monday expressed optimism about the trajectory of US-India relations under Donald Trump's regime and believed it to be a "golden opportunity" for India to end China's monopoly in manufacturing. Speaking to India Today TV's News Director Rahul Kanwal, Zakaria highlighted Trump's admiration for Prime Minister Narendra Modi and predicted continued strengthening of …

Textiles, auto components and telecom vulnerable to tariff war
1 month, 4 weeks ago

Textiles, auto components and telecom vulnerable to tariff war

Deccan Chronicle  

Chennai: US, being the largest market for India, probable tariff hikes under the Trump presidency can impact shipments of certain segments, including textiles, chemicals, metal products, and telecom products. Any adverse policy action around tariffs or taxes could affect India's competitiveness against countries like Bangladesh and Vietnam. Any rise in duties could impact the Indian export volumes substantially, which may …

India’s trade deficit with China soars during April-October despite import curbs
Trending News
1 month, 4 weeks ago

India’s trade deficit with China soars during April-October despite import curbs

Live Mint  

New Delhi: India’s merchandise trade deficit with China has risen 13% during the first seven months of the current fiscal year, despite government measures aimed at cutting reliance on the Asian manufacturing major and restrictions on import of certain products from the country. India's goods trade deficit with China widened to $57.83 billion during April-October from $51.12 billion a year …

India’s current account deficit to remain manageable in FY25, Rupee to remain in pressure: Bank of Baroda
2 months ago

India’s current account deficit to remain manageable in FY25, Rupee to remain in pressure: Bank of Baroda

Live Mint  

New Delhi, November 15 : India's current account deficit will remain within a manageable range for both FY25 and FY26, largely due to muted oil prices that are expected to support the country's external financial position, projected a recent report by Bank of Baroda. Despite global market volatility, the report stated that steady oil prices at current levels are a …

iPhone production likely to double in India due to Donald Trump, adding 200,000 new jobs & $30bn revenue
2 months ago

iPhone production likely to double in India due to Donald Trump, adding 200,000 new jobs & $30bn revenue

Firstpost  

Apple’s production increase hinges on the policies of US President Donald Trump, who has repeatedly expressed his intent to impose steep tariffs, between 60-100 per cent, on goods imported from China If Apple implements these plans, India’s share of global iPhone production could rise to over 26 per cent, a substantial jump from the current 12-14 per cent. The Economic …

US Elections 2024: 5 key points from Donald Trump’s election manifesto that may impact India
2 months ago

US Elections 2024: 5 key points from Donald Trump’s election manifesto that may impact India

Live Mint  

Donald Trump has secured his return to the White House as the 47th President of the United States, following a highly-competitive election on November 5, 2024. Trump’s Policy Agenda 5 key points from Donald Trump’s election manifesto that may impact India: Tax Reforms: As per the report, Trump’s policy platform emphasises extending the 2017 Tax Cuts and Jobs Act, which …

India should reconsider its rejection of the RCEP trade bloc
2 months ago

India should reconsider its rejection of the RCEP trade bloc

Live Mint  

Five years ago, on a November morning in Bangkok, just on the verge of signing the Regional Comprehensive Economic Partnership agreement, India abruptly walked out of it. India’s RCEP participation should be based on a broad set of metrics—not merely the trade deficit, but also investment inflows, employment creation and participation in new regional value chains. A 2022 assessment by …

Trump’s win boosts confidence in US economy; Emerging markets concerned over strengthening dollar — expert advice
2 months ago

Trump’s win boosts confidence in US economy; Emerging markets concerned over strengthening dollar — expert advice

Live Mint  

The Indian stock market was taking a beating in the last month,with funds reportedly shifting to other countries such as China and Japan. ‘Trumpononics’ policy This week, the stronger-than-expected mandate win for Trump has boosted the global equity market. Generally, today the US stock market is in a boom in anticipation of tax cuts and high government spending. The world …

India bets on Modi-Trump warmth to navigate choppy future with US
Trending News
2 months ago

India bets on Modi-Trump warmth to navigate choppy future with US

Al Jazeera  

New Delhi, India — During his campaign for re-election, Donald Trump repeatedly threatened major tariffs on imports from a range of countries. Now, Trump’s “America First” agenda — which aims to offset domestic tax cuts by imposing higher tariffs on imports — could disrupt that relationship. “During the first term, Trump got into this whole ‘protectionist mode’, but upon his …

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