Tariffs

It will remain open till March 31, 2026, or until guarantees worth Rs 20,000 crore are issued, with each loan having a tenure of four years, including a one-year moratorium on repayment, sources indicated.

Exporters await clarity as only Rs 2,600 crore likely left under Export Promotion Mission in FY26

The Rs 20,000-crore Credit Guarantee Scheme will ease access to bank finance for exporters but may not offer any relief for existing NPAs.

Honey, smartphones, tranquilisers shine despite US tariffs; diamonds, emeralds lose sheen

Nearly half of $5 million-plus export lines to the US declined after Washington’s 2025 tariff hikes, but consumer-tech and pharma segments held up the overall basket

Small textile exporters face NPA risk as Trump tariffs cause order cancellations, payment delays

Liquidity pressure is mounting on certain MSME exporters, with increasing calls for a moratorium on payment of dues to banks as well as government-backed credit support.

India seeks steel tariff relief from EU for auto duty cuts in FTA talks

Sources say New Delhi is seeking relief from the EU’s proposal to double duties on steel to 50% and tighten steel import quotas, while weighing tariff concessions on high-end European cars under the FTA

Bessent says Trump’s $2,000 ‘dividend’ may come via tax cuts

Trump has been stepping up his defense of his tariffs regime since the Supreme Court on November, 5 heard arguments for a suit to get them thrown out

'Richest and most respected': Trump defends trade policy, calls critics 'fools'

Donald Trump defended his tariff policies, calling critics “fools” and claiming tariffs made the US richer. He promised a $2,000 dividend for Americans while vowing to reduce national debt.

A US Supreme Court decision against Trump’s tariffs will still threaten 10% of India’s exports

Nearly a tenth of India’s exports to the US—worth $8.3 billion—remain vulnerable under Section 232 duties

FTA talks with EU, Chile, New Zealand may conclude this year as India seeks export markets, rare‑earth supplies

The trade deal with EU could even happen by November, it is learnt, given that there is consensus on key issues such as automobiles, whisky and wine, on which the 27-nation bloc is seeking significant tariff reductions.

High US tariffs prompt exports pivot to UAE, China, Europe

Shipments to markets such as UAE, China, and Spain show growth, but reliance on the US remains high

Higher US crude import may hinge on prices competitive with Middle East supplies

Even though crude oil from the US could cost slightly more than the price of Russian oil, Indian lenders have turned increasingly cautious as sanctions have targetted two major Russian energy firms.

Electricity (Amendment) Bill, 2025: India’s attempt at third generation power reforms

The move is likely to see opposition from some states as they fear it would reduce their control over the power sector. The Ministry of Power, however, stated that government discoms will continue to operate alongside private licensees in a regulated, level-playing environment.

US Senate votes to scrap Trump’s ‘reciprocal’ tariffs, exposing Republican divide

The US Senate voted 51–47 to overturn President Donald Trump’s global tariffs, with four Republicans joining Democrats, though the measure faces a dead end in the House due to GOP rules.

India-Oman FTA delayed due to Omani procedural approvals, not disagreements, says official

The trade deal is also awaiting a green signal from the Majlis al-Shura, or the lower house of the Council of Oman, which serves as a consultative and legislative body. Negotiations for the pact were concluded in August.

Exchange rate is not a policy tool to fight tariffs, says RBI deputy governor

The exchange rate does not serve as a policy tool in a market where its level is determined by market forces, RBI's Poonam Gupta said at an event in Mumbai

India-EU FTA may exclude CBAM, talks on carbon tax concessions to continue separately

India’s upcoming carbon mechanism is expected to offset costs from the EU’s carbon tax, even as New Delhi continues to seek concessions beyond the FTA for smaller exporters.

Japan’s $550bn trade-for-tariffs gamble with Trump, explained

Tokyo got lower-than-threatened US tariffs—but agreed to fund $550bn of US projects largely at Washington’s direction. Here’s what that means, who signed off, and what to watch next.

No government directive on Russian oil; refiners weigh costs, alternatives independently, sources say

For state-run refiners, the new sanctions are likely to have a limited impact since they do not have long-term supply contracts with the Russian firms targeted by the latest curbs.

India demands lowering of non-tariff barriers to begin FTA talks with Russia-led bloc

To sustain rupee-based trade, India has asked Russia to ease exports to narrow the widening trade deficit

How China’s factory muscle is blunting Trump’s tariffs—for now

As US duties bite, China’s manufacturing hubs like Yiwu are finding new buyers in Europe, Africa, and Southeast Asia — keeping exports strong even as the domestic economy sputters.

India won’t rush into FTAs without protecting farmers, MSMEs, says Piyush Goyal

Goyal added that the talks with the US are progressing well, while also stating that India does not negotiate any trade deals based on deadlines.

India looks to diversify rare-earth supply via FTAs with Peru and Chile, startup-led processing

The ninth round of negotiations with Peru will be held from November 3 to 5, while a third round with Chile is planned for October 27 to 31. The South American countries are emerging as important sources of rare earths

Tariff uncertainties prompting clients to rethink supply chains, says Wipro CEO Srinivas Pallia

The Wipro chief noted that global clients are becoming increasingly cautious amid changing trade policies.

Trump tariffs dented India’s labour-intensive exports in September, but marine shipment defied odds

Unsurprisingly, exports of electronic goods, unaffected by Trump’s steeper tariffs, grew a massive 50.5 percent on-year to $3.1 billion last month, nearly double the growth registered in August.

India-Canada FTA talks may resume only after EU, US deals close

Despite a thaw in diplomatic ties, the commerce ministry is prioritising ongoing FTA negotiations with several countries, making the resumption of FTA talks with Canada unlikely this year