"After two years of unimaginable loss and suffering for Israeli families and the people of Gaza, we should all be encouraged and relieved that an end to the conflict is within sight," wrote Obama on X.
India now accounts for nearly 16% of US imports of finished retail drugs
Trump liisted what he called seven conflicts claiming credit for ending them during his second term so far including Operation Sindoor by India and Pakistan in the aftermath of Pahalgam attack.
Ukraine’s potential post-war security issues have been widely discussed in recent weeks both in Washington and across European capitals, with the potential for a ceasefire seemingly at an impasse amid continued Russian bombardment of civilian targets across Ukraine.
Russia hasn’t confirmed the latest incidents. Rosneft’s press service didn’t immediately respond to an emailed request for comment outside of regular business hours.
Moneycontrol estimates that about 3 percent—or $3 billion—of US imports from India come from sectors where India commands over 50 percent of the American market, indicating potential supply chain stress for US buyers
Tariff escalation threatens $63 billion in exports, puts labour-intensive sectors at risk
Over $50 bn in trade at risk as effective duties on labour-intensive sectors climb to over 50%, industry warns of job losses
In 2023, India imposed an average 6.1 percent tariff on US exports, Sri Lanka levied 8.4% and Thailand 6.9%
Effective tariff differential for India is lower than Bangladesh, Pakistan, and Sri Lanka
Exempt categories and new FTAs with UK, UAE, and Australia can help absorb bulk of trade exposure, a Moneycontrol analysis finds
India’s lower tariff burden could challenge $5 bn of exports from regional rivals, with Sri Lanka and Bangladesh most exposed.
Moneycontrol analysis shows that in US had over 40 percent dependence on India in nearly a fifth of India's exports to the country
India’s machinery, electronics and chemicals exports to face fresh headwinds as trade tensions escalate; bilateral trade hit $118.4 billion in 2024
India can challenge $1.33 billion or 5.7 percent of Indonesia’s exports to the US in overlapping export categories
India’s potential gains would come mainly in pharmaceuticals and jewellery, sectors in which the EU exports nearly $3 billion worth of goods annually to the US
The warning comes amid data showing that APAC’s goods exports to the US rose 4 percent in the first two months since the imposition of reciprocal tariffs
The impact is expected to be sharper for Sri Lanka, where 21 percent—or $618 million—of its $2.98 billion exports to the US in 2023 could now face Indian competition.
The current global economic milieu suggests the possibility of a bipolar world order where India will have to play its cards right
South Korea, which now faces a 25 percent US tariff, could lose ground to India in exports worth $5.4 billion, which is approximately 11.5 percent of its total exports to the US. These include electric inverters, battery chargers, valves, and taps.
IR5 visa that allows in parents of US citizens declined 11%, while F3 visas, which allow married sons and daughters of US citizens to immigrate along with their spouses and children, fell 41%
Among the biggest beneficiaries are exporters of sheep and bovine meat, with the entire $176 million worth of Indian exports in this category headed to the region in 2024.
India is prioritising protecting its sensitive sectors such as agriculture and dairy over striking a mini deal with the United States.
The trade deficit stood at $138.3 billion in the previous month
India ranked as the eighth-largest exporter of steel, iron, and aluminium products to the US, with total exports valued at $4.2 billion heading to America, while Sri Lanka, Brazil, Thailand and Vietnam have a greater share direct exports.