trade deficit
India Imposes USD 121.55 Per Tonne Anti-Dumping Duty on Vietnamese Steel for Five Years: Protecting Domestic Industry
Nov 14, 2025 08:21 am CST
India has implemented a five-year anti-dumping duty of USD 121.55 per tonne on hot rolled flat steel products from Vietnam following DGTR recommendations. This protective measure aims to shield domestic manufacturers from cheap imports while balancing trade relations between the two WTO and ASEAN-connected nations, whose bilateral trade reached USD 14.81 billion in 2023-24.
India Launches Rs 25,060 Crore Export Promotion Mission to Counter US Tariffs and Boost Global Trade Competitiveness
Nov 13, 2025 02:46 am CST
India has approved a comprehensive Export Promotion Mission worth Rs 25,060 crore to support exporters affected by US tariffs and strengthen international trade competitiveness. The six-year initiative, implemented through Niryat Protsahan and Niryat Disha sub-schemes, aims to provide financial assistance to key sectors like textiles, leather, and gems while addressing structural trade challenges facing Indian exporters, particularly MSMEs.
India-US Trade Relations: 50% US Tariffs Cause 11.93% Drop in Indian Exports While China Trade Grows
Oct 16, 2025 01:08 am CST
India's exports to the US fell 11.93% in September following Washington's 50% tariff implementation, while China trade surged with exports up 34.18%. The bilateral trade data reveals significant market shifts as India-US negotiations continue for a new trade agreement amid growing concerns about sector-specific impacts.
China Files WTO Complaint Against India Over Electric Vehicle and Battery Subsidies: Trade Implications and Growing Deficit
Oct 15, 2025 10:41 pm CST
China has filed a formal complaint with the World Trade Organization against India regarding subsidies for electric vehicles and batteries. This dispute occurs amid a widening trade imbalance, with India's deficit reaching USD 99.2 billion in 2024-25. The complaint, which mirrors similar actions against Turkey, Canada, and the EU, initiates the WTO's dispute resolution process as bilateral trade tensions continue to grow.
Trump's Commerce Secretary: "US Will Have To Fix India" Amid Escalating Tariff Tensions
Sep 28, 2025 03:25 pm CST
US Commerce Secretary Howard Lutnick states that America needs to "fix" trade relations with several countries, including India and Brazil, demanding they open markets and stop harmful policies. Following Trump's 50% tariff on Indian imports, trade talks have resumed with a delegation led by India's Commerce Minister Piyush Goyal visiting Washington to negotiate a potential agreement.
Tibet Leader Warns India Of China's "Elite Capture" Before It's "Too Late"
Sep 23, 2025 07:43 pm CST
In an explosive revelation, Dr Lobsang Sangay, the former President (Sikyong) of the Tibetan Government in Exile, has alleged that the Chinese Embassy in New Delhi has been actively trying to influence Indian politicians.
Opinion | No, This Is Not About Ganging Up Against The US
Sep 03, 2025 07:09 pm CST
At Tianjin, what was evident with India was an ambidextrous policy of engaging with friend and foe alike, using the one to balance out the other. That's all very well. But it just scratches the surface.
Need To Address Trade Imbalance Between India And Russia: S Jaishankar In Moscow
Aug 21, 2025 08:09 pm CST
External Affairs Minister S Jaishankar highlighted the trade deficit of $58.9 billion between Russia and India, despite more than a fivefold rise in bilateral goods trade over the last four years.