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Former US President Donald Trump has warned Canada of imposing a sweeping 100% tariff on all imports if it enters into a trade agreement with China. Calling Canada a potential “drop-off port” for Chinese goods, Trump’s remarks have raised concerns over escalating trade tensions. The statement has unsettled global investors, highlighting renewed risks to supply chains, bilateral trade, and internat
Trade tensions between the US and Europe have escalated after President Donald Trump announced a 10% tariff on goods from eight European nations opposing American control over Greenland. The tariff is set to rise further unless Greenland is transferred to the US. In response, European Union lawmakers are considering halting approval of the EU-US trade agreement, signalling a deepening geopolitical
China posted a historic $1.189 trillion trade surplus in 2025, the highest ever, as customs data released on January 14, 2026 revealed. Exports to non-US markets like Southeast Asia, Africa, and Latin America boomed, offsetting Trump-era tariffs and US trade restrictions. December exports rose 6.6% year-on-year (beating 3% forecasts), imports grew 5.7%, and monthly surpluses crossed $100 billion s
US President Donald Trump announced a 25% tariff on all US trade with countries doing business with Iran, effective immediately via a Truth Social post, marking his first tariff move in 2026. This could compound existing 50% tariffs on Indian exports—stemming from Russian oil purchases—potentially raising duties to 75% and threatening projects like Chabahar Port amid India-Iran trade ties.
In mid-2025, President Trump imposed 50% tariffs on Indian imports, including 25% for trade deficits and another 25% over India’s Russian oil purchases, straining bilateral ties. PM Modi responded defiantly, prioritizing farmers’ interests and refusing compromises during failed trade talks
On December 2, 2025 the Indian Rupee hit a historic low of 90.02 against the US dollar, down 5% year-to-date and ranking among Asia’s worst performers. A record $41.68 billion October trade deficit, stalled US-India trade deal amid Trump tariffs, and ₹1.47 lakh crore FII outflows fuelled the slide. Despite expected Fed rate cuts weakening the dollar globally, analysts forecast INR staying pressure
New Delhi is set to host a major India-Russia Business Forum on December 4 and 5, aligning with President Vladimir Putin’s visit. The event aims to strengthen trade and investment relations between the two countries, which have set an ambitious goal of reaching $100 billion in bilateral trade by the year 2030.
India has entered its first structured annual contract to import 2.2 million tonnes of US LPG, covering nearly 10% of total imports, in a move hailed as historic by Minister Hardeep Singh Puri. Driven by US-China trade war surplus, Middle East shipping risks from Iran-Israel tensions, and efforts to reduce trade surplus with America, the deal diversifies sources beyond Saudi Aramco dominance.
U.S. President Donald Trump announced that the United States is close to finalizing a new trade agreement with India, which could significantly impact the economic and security partnership between the two countries. Speaking at the Oval Office during the swearing-in ceremony of Sergio Gor as the new U.S. ambassador to India, Trump described the upcoming pact as a “fair trade deal” and noted that i
The Gem and Jewellery Export Promotion Council (GJEPC) has requested the government to address several demands aimed at strengthening India’s global trade competitiveness. The Council stated that these initiatives would greatly assist in increasing the trade volume for MSMEs and other export companies.
