international trade
Prada Partners with Kolhapuri Chappal Artisans: A $1 Billion Export Opportunity for Traditional Indian Footwear
Dec 11, 2025 11:15 pm CST
Luxury fashion house Prada has formed a groundbreaking partnership with traditional Kolhapuri chappal makers from Maharashtra, India. Union Minister Piyush Goyal announced that this collaboration could potentially generate $1 billion in exports, transforming the centuries-old Indian handicraft into a global luxury fashion product while supporting local artisans.
India-EU Free Trade Agreement Nears Completion: Piyush Goyal Confirms Framework Almost Ready
Dec 10, 2025 11:23 pm CST
Commerce Minister Piyush Goyal announced that the India-EU Free Trade Agreement framework is nearly complete following productive meetings with EU Trade Commissioner Maros Sefcovic. India is simultaneously advancing trade negotiations with multiple countries including Israel, Chile, Oman, and New Zealand, positioning itself as a central player in global trade relations thanks to its strong economic growth and skilled workforce.
India's Trade Balance Deteriorates: Exports Drop 11.8% While Imports Surge 16.6% in October
Nov 17, 2025 06:40 pm CST
India's trade deficit expanded to USD 41.68 billion in October as exports fell 11.8% to USD 34.38 billion while imports surged 16.63% to USD 76.06 billion. Gold imports tripled to USD 14.72 billion, contributing significantly to the imbalance. Despite this monthly setback, April-October exports maintained a slight growth of 0.63% while imports rose 6.37%.
Trump's Tariff Authority: Legal Options If Supreme Court Strikes Down Emergency Powers
Nov 06, 2025 05:22 pm CST
This comprehensive analysis examines President Trump's alternative tariff authorities if the Supreme Court invalidates his emergency powers. Despite judicial skepticism, experts confirm multiple legal pathways remain available, including Section 301 of the Trade Act, Section 232 national security provisions, and even the rarely-used Smoot-Hawley era Section 338, which could maintain his aggressive trade policy regardless of the Court's decision.
Supreme Court Scrutinizes Legality of Trump's Tariff Authority in Landmark Case
Nov 06, 2025 03:06 pm CST
The US Supreme Court is deliberating a landmark case examining President Donald Trump's use of the International Emergency Economic Powers Act (IEEPA) to impose widespread tariffs. Justices across the ideological spectrum questioned whether these actions exceed presidential authority by encroaching on Congress's constitutional power to regulate taxes and foreign commerce. This high-stakes case could impact global trade relationships and redefine the boundaries between executive and legislative powers in economic and foreign policy matters.
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.
Brazil's Lula and Trump Discuss Tariff Removal in Productive First Official Call
Oct 07, 2025 06:43 am CST
Brazilian President Lula and US President Trump held their first official 30-minute phone call, discussing trade tariffs and sanctions amid diplomatic tensions. Both leaders expressed interest in face-to-face meetings and exchanged personal contacts, signaling potential improvements in US-Brazil relations despite disagreements on judicial matters and trade policies.
The Economic Impact of Trump Tariffs on India's Export Sectors: Analyzing Vulnerabilities and Long-term Consequences
Oct 06, 2025 09:04 pm CST
This comprehensive analysis examines the profound impact of US tariffs on India's export-dependent sectors. With bilateral trade valued at $131.84 billion and the US accounting for 18% of India's exports, these tariffs threaten industries from leather and textiles to gems and electronics. The article explores how labor-intensive sectors employing millions in India's informal economy face particular vulnerability, potentially reducing GDP growth by 0.5-0.6% while causing factory closures, job losses, and market shifts to countries with lower tariff rates.
Italy's Deputy PM Antonio Tajani Endorses India-EU Free Trade Agreement Finalization at UN Meeting
Sep 26, 2025 07:20 pm CST
Italy's Deputy Prime Minister Antonio Tajani met with Indian officials S Jaishankar and Piyush Goyal at the UN General Assembly, expressing strong support for finalizing the India-EU Free Trade Agreement. The meeting underscores the growing strategic partnership between Italy and India, with Tajani planning a future visit and announcing a 500 million euro support measure for Italian exporters. The EU remains India's second-largest trading partner with bilateral trade reaching EUR 120 billion in 2024.