Trade Policy

'This is war' - Trump defends use of Alien Enemies Act in deportation of Venezuelans

U.S. President Donald Trump has defended his administration's use of the Alien Enemies Act's wartime powers to rapidly deport over 200 alleged members of Tren de Aragua, a Venezuelan gang linked to kidnapping, extortion, and contract killings. The deportation proceeded despite a court order by Judge James Boasberg blocking it, with the administration arguing that the judge lacked the authority to intervene. Speaking aboard Air Force One, Trump justified the action by comparing the rise in immigration to wartime conditions, emphasizing the deportees were "bad people" now incarcerated in El Salvador. During the same flight from Florida to Washington, Trump also reaffirmed his commitment to imposing tariffs starting April 2, despite market disruptions and economic concerns. He stressed his stance on reciprocal tariffs, stating, "They charge us and we charge them," and confirmed additional tariffs on autos, steel, and aluminum.

Trump To Impose 25% Tariff On Steel And Aluminum, Reaffirms Gaza Takeover | N18G

On February 9, 2025, President Donald Trump announced plans to impose new 25% tariffs on all steel and aluminum imports into the United States, applying to all countries, including major suppliers like Canada, Brazil, and Mexico. These tariffs will be officially announced soon. Additionally, Trump stated that the U.S. would match tariffs imposed by countries that tax U.S. imports. He also clarified his stance on Nippon Steel's potential investment in U.S. Steel, allowing it with a non-majority stake. On the Middle East, Trump expressed his commitment to "buying and owning" Gaza, aiming to rebuild it with help from other Middle Eastern nations, ensuring safety for Palestinians. He also opened the door for Palestinian refugees to enter the U.S. on a case-by-case basis. Trump further mentioned progress in U.S. efforts to end the Russia-Ukraine war, indicating ongoing communication with both Russia and Ukraine but withholding specific details.

India’s external sector has held steady amidst unfavourable geopolitical conditions, says Economic Survey 2025

India expects its trade to rise further in the coming fiscal, as the country targets $1 trillion of exports

India must double steel import duties to curb dumping, says ArcelorMittal JV CEO

India's steel industry faces threats from dumping and predatory pricing. ArcelorMittal Nippon Steel India CEO calls for doubled customs duties to protect domestic producers.

Arvind Panagariya: 'Galwan Valley incident persuaded me that China could no longer be fully trusted as a trading partner'

Economist Arvind Panagariya in an exclusive interview to Moneycontrol explains why liberalization of imports will bring net benefit to India, why and how India should revise its trade relationship with China, and why FTAs with the UK and EU are so important.

India's trade policy works in Vietnam's favour

Though policymakers are convinced that their strategy of imposing high customs duties and offering production linked incentives is a masterstroke, an industry study has found that these come with a cost disadvantage of 4% against Vietnam, which could start hurting when the incentives eventually end

India’s protectionist trade policy: Licence Raj or strategy for a new world order?

While some argue that the smart protectionism of India’s trade will lead to its growth others feel it will be a drag on the country’s long-term trade.

Govt’s Policy On Curbing Exports & Imports: Need Of The Hour Or Return Of License Raj?

As government has banned exports of non-basmati rice and also imposed restrictions on the import of laptops, tablets and PCs. Is Government’s trade policy on curbing exports and imports is the need of the hour or will it result in return of license raj? Moneycontrol’s Shweta Punj catches up with Somnath Mukherjee, CIO & Senior Managing Partner – Product & Research at ASK Private Wealth and Dr NR Bhanumurthy, Vice Chancellor, Dr BR Ambedkar School of Economics University to discuss the impact. Tune in!

India's trade policy weaknesses will undercut its economic rise

The country's lame attempt at a trade policy signals a lack of confidence which hurts India's ability to become part of the redirected, resilient supply chains that global investors want to build

Modest expectations from India-US Trade Policy Forum meeting: Experts

Minister of Commerce and Industry Piyush Goyal, who is in the US on an official visit, held a series of meetings with the CEOs of investment and financial giants in New York on Monday.

India, US to soon hold trade policy forum meet

India and the US held the 12th TPF in New Delhi on November 23 last year. The forum is an inter-agency collaboration led by the US Trade Representative (USTR).

No proposal to extend Foreign Trade Policy again, new one in the works: Minister in Parliament

India’s Foreign Trade Policy 2015-20, which was announced for a period for five years, has been extended several times due to impact of Covid-19 and global supply chain uncertainties in the wake of conflict between Russia and Ukraine.

Trade policy must enhance export competitiveness

Innovation and focus on technology more important than production incentives to make local products globally accepted

Who is a beneficial owner? FDI recast negotiates many tricky bends

It is not clear how the term beneficial owner should be interpreted under the new rules because of inference issues.

Macro Matters | India's ill advised inward looking trade policy

A trade grouping lowers trade barriers between its members but consolidates barriers against others; to remain out is to risk becoming isolated.

Big takeaways from India-US trade talk

The biggest takeaway is that India and United States (US) have decided to reengage on trade related issues. 20 video conferences scheduled over the next one year on issues ranging from investments to IPR to services to tariffs. On totalisation agreement, according to sources, there has been good progress.