The United States has reportedly asked India to eliminate tariffs on nearly all goods except agricultural products, according to a CNBC-TV18 report on March 6. If India accepts this demand, it would mean removing key trade protections while receiving little in return. The proposal has raised concerns in India, as it comes amid escalating trade tensions between the two countries.US President Donald Trump has been vocal in his criticism of India’s trade policies, repeatedly labeling them

The latest round of tariff hikes by US President Donald Trump has triggered immediate countermeasures from Canada, China, and Mexico, escalating tensions in global trade. Beginning Tuesday, the US is imposing a 25% tariff on imports from Mexico and Canada while also raising tariffs on all Chinese imports from 10% to 20%. In response, these nations have announced their own economic retaliations, signaling a sharp rise in trade disputes.Canadian Prime Minister Justin Trudeau and Chinese officia

Billionaire investor Warren Buffett has strongly criticized US President Donald Trump's latest tariffs, calling them “an act of war” and warning about their economic impact. In an interview with CBS on Sunday, Buffett argued that tariffs function as a tax on consumers and ultimately drive up prices.“Tariffs are actually—we've had a lot of experience with them—they're an act of war, to some degree,” Buffett said. He added that consumers, not fore

Canada has tightened its immigration and visa policies, affecting thousands of Indian students, workers, and temporary residents. Since the new Immigration and Refugee Protection Regulations came into effect on January 31, 2025, reports indicate a rise in study permit revocations, visa scrutiny, and stricter departure enforcement.The Immigration, Refugees, and Citizenship Canada (IRCC) has projected that 7,000 study permits could be revoked this year, impacting more than 4.27 lakh Indian stud

India and the European Union (EU) have set a year-end deadline to finalize a long-awaited free trade agreement (FTA), marking a crucial milestone in their bilateral trade relations. The announcement came after Prime Minister Narendra Modi and European Commission President Ursula von der Leyen met in New Delhi to strengthen India-EU economic and strategic ties.The trade agreement, under negotiation for several years, aims to expand economic cooperation, boost trade, and enhance market access b

The World Bank has advised India to lower import tariffs, ease regulatory restrictions, and simplify trade processes to enhance its global trade competitiveness and attract foreign investment. In a report released on Friday titled the Economic Memorandum on India, the World Bank highlighted that high trade costs caused by import tariffs on intermediate and capital goods, as well as non-tariff barriers, are limiting India's participation in global value chains (GVCs).The report emphasized

Washington, DC: US President Donald Trump has reaffirmed his decision to impose 25% tariffs on imports from Mexico, Canada, and the European Union, tying them to border security concerns and trade imbalances. The tariffs, initially set for March 4, are now expected to take effect on April 2, giving businesses and trade partners a brief window to prepare.   Trump Links Tariffs to Fentanyl Crisis and Border Security During his first Cabinet mee

In February 2025, US President Donald Trump’s announcement of a 30-day pause on tariffs against Mexico and Canada brought a brief sense of relief to global markets. The decision helped prevent a potential escalation of a full-blown trade war, with US equity futures and international markets responding positively. However, concerns linger about the long-term effects of tariffs on industries such as automotive, semiconductor, consumer goods, e-commerce, and green energy.  

Trump's Tariff Announcement and Border Security: President Donald Trump announced plans to impose tariffs of up to 25% on Mexico and Canada, effective February 1, 2025, arguing that both countries are contributing to illegal immigration and drug smuggling into the US. This move, part of his broader trade policy agenda, comes after his inauguration address, where he emphasized using tariffs to strengthen the US economy. However, such tariffs could risk igniting a trade con

During a visit to SpaceX's Starbase facility in Texas on Friday, Elon Musk shared his optimistic view on the growing India-US trade relationship, stating that the bilateral ties are “trending positive.” Musk, a key player in both the automotive and technology sectors, expressed his support for lowering trade barriers between the two nations to foster increased commerce and

Impact of China’s Export Restrictions on Indian Manufacturing: India’s manufacturing industry is facing significant disruptions due to China’s export restrictions, which are part of the ongoing trade tensions between the United States and China. These curbs primarily affect industries in India that rely on raw materials, machinery, and components from China, such as the solar po

Expansion of China's Trade-In Scheme China is extending its consumer trade-in program, originally launched in March 2024, to help stimulate demand in the struggling household sector. The scheme now includes additional home appliances such as microwave ovens, dishwashers, and rice cookers. In an effort to boost the digital goods market, subsidies are also being offered for products like smartphones, tablets, and smartwatches. Consumers who trade in old products can receive subsidies

India has initiated anti-dumping investigations into two Chinese products—nylon filament yarn and trimethyl dihydroquinoline (TDQ). The investigations were triggered by petitions from domestic companies, such as Century Enka Ltd., Gujarat Polyfilms Ltd., and Oriilon India Ltd., for nylon filament yarn, and NOCIL Ltd. for TDQ. The Directorate General of Trade Remedies (DGTR) is looking into whether these cheap imports from China and Vietnam have caused material harm to local industries.

Trade and maritime ties between Pakistan and Bangladesh have been strengthening recently, raising concerns for India. A second cargo vessel, 'MV Yuan Xiang Fa Zhan,' from Karachi arrived at Chittagong port carrying essential industrial materials and consumer goods. This is part of a broader trend of increased trade between the two countries, which has coincided with a diplomatic push by Bangladesh's interim leader Muhammad Yunus to improve relations with Pakistan. This s

In a swift move following Chrystia Freeland’s resignation as Canada’s Finance Minister, Prime Minister Justin Trudeau appointed long-time ally Dominic LeBlanc to the pivotal role. The 57-year-old LeBlanc, who previously served as Public Safety Minister, now faces the daunting task of managing Canada’s finances amidst a growing Can$62 billion deficit—far exceeding initial projections. The Canadian economy is also grappling with various challenges, including the looming

The recent discontinuation of the Canadian Student Direct Stream (SDS) program as of November 8, 2024, has left many Indian students reassessing their plans to study in Canada. The SDS program previously allowed students to speed up the student visa process if they met specific English proficiency test (EPT) requirements like IELTS or PTE. However, with the end of SDS, students now have the opportunity to explore a broader range of EPTs accepted by Canadian institutions. One of the

 In light of US President-elect Donald Trump's proposed tariff measures on China, Canada, and Mexico, India is poised to capitalize on potential shifts in global manufacturing. With Trump’s plan to impose tariffs of 25% on Canada and Mexico and 10% on China, manufacturers may seek alternative locations to bypass the 60% levy on Chinese goods. India, with its low-cost labor, skilled workforce, and growing tech sector, is an attractive destination for this shift. Invest

US President-elect Donald Trump, known for his bold and often humorous remarks, joked about making Canada the "51st state" during a recent social media post. In the post on Truth Social, Trump referred to Canadian Prime Minister Justin Trudeau as "Governor of the Great State of Canada." This came a week after a dinner between Trump and Trudeau at Trump's Mar-a-Lago estate in Florida. During the dinner, Trump raised the possibility of imposing a 25% tariff on

In a lighthearted yet controversial remark, U.S. President-elect Donald Trump reportedly suggested that Canada should become the 51st state of the United States. This came during a meeting with Canadian Prime Minister Justin Trudeau at the Mar-a-Lago resort in Florida on November 29. The meeting followed Trump’s decision to impose a 25% tariff on all imports from Canada. During the discussion, Trudeau expressed concerns about the economic impact of the tariffs on Canada. In re

In a significant escalation of trade tensions, China announced on Tuesday that it would ban the export of several key materials, including gallium, germanium, and antimony, to the United States. These materials are vital for high-tech applications, including advanced electronics and military technologies. The Chinese Commerce Ministry's decision follows a recent expansion of the U.S. “entity list,” which now includes 140 Chinese companies—many based in China, though some