Trade 2

Gems, jewellery exports dip 8.48% in April-July 2019-20

The labour-intensive sector contributes about 15 percent to the country's overall exports.

South China Sea | India’s short-sighted stand will damage its credibility in Southeast Asia

India’s silence on developments in the South China Sea is highly unlikely to win it a lasting friendship with China but has the potential to do it some lasting damage.

China currency ‘manipulation’: Yuan, treasury and gold in trade war crosshairs

Trade is a challenge in India-US relationship: Envoy

Union Commerce Minister Piyush Goyal and US Trade Representative Robert Lighthizer are expected to meet soon in this regard, the Indian Ambassador to the US Harsh Vardhan Shringla said without indicating the dates

India's July soymeal exports plunge 59% yoy to near three-year low: Trade body

The drop pulled down the country's total oil meal exports to 166,301 tonnes in July, 23% lower than a year ago, the association said in a statement.

US 'destroying international order', Chinese media says, after currency-manipulator branding

In a strongly-worded editorial, the People's Daily also said the United States was holding its own citizens to ransom, without mentioning the latest US move.

Govt may impose countervailing duty on certain steel products from China, Vietnam

This recommendation to impose the duty on 'Welded Stainless Steel Pipes and Tubes' was made by the commerce ministry's investigation arm DGTR after concluding a probe in this regard.

India seeks more market access to products from China

The issue was raised by Commerce Secy Anup Wadhawan in his meeting with Wang Shouwen, the Vice Minister of China's Commerce Ministry, on the sidelines of RCEP inter-sessional ministerial meeting in Beijing on August 2.

India, Malaysia should work closely to boost trade ties: Malaysian Industries Minister

Addressing a press conference, the Malaysian Minister said she discussed issues related to palm oil and rubber trade in her meeting with Commerce and Industry Minister Piyush Goyal on August 1.

Govt puts restrictions on import of ethyl alcohol

Importers of ethyl alcohol will now require a licence from the commerce ministry.

Foxconn exploring sale of $8.8 billion display plant in China

Donald Trump sharply raised the stakes in the bruising trade war with China and jolted global financial markets by vowing on August 1 to impose a 10% tariff on $300 billion of Chinese imports from September 1.

3-Point Analysis | US Fed cuts rates by 25 basis points

In this episode of 3 Point Analysis, Moneycontrol's Sakshi Batra explains the cause and effects of the rate cut by the Federal Reserve.

India's January-July coffee exports flat at 2.38 lakh tonnes

India exports large volumes of Robusta variety of coffee bean, followed by Arabica and instant coffee.

US, China wrap up trade talks after Donald Trump's tweet storm

US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin shook hands and exchanged pleasantries with Vice Premier Liu He on July 31 morning.

Commerce ministry looking at WTO-compliant export incentives scheme

The Merchandise Exports from India Scheme was challenged by the US last year in WTO

India's 2019 thermal coal imports seen at 180-185 million tonnes: WoodMac

WoodMac previously said India's thermal coal imports grew at their fastest pace since 2014 to 164 million tonnes in 2018.

US presses WTO to stop lenient trade treatment of China

Donald Trump said the designation lets powerhouse China and others take "unfair" advantage of trade rules.

Donald Trump asks Apple to manufacture in US to avoid tax

Earlier in the day, Trump said Apple will not get any tariff waiver for its products made in China.

US firms keen on China's import expo despite trade tensions: Chinese official

Vice commerce minister Wang Bingnan told the same briefing that China will further lower its import tariffs and open up its market to foreign firms.

Apple now seeks lower tariffs for industry for India manufacturing expansion: Report

The tech giant has already begun export of Made in India iPhones but is seeking a ‘globally competitive tariff regime’ to boost its export (shipping and sales) margin

India acquiring S-400 missile defence system from Russia 'problem' for US: PACOM commander

India inked an agreement with Russia last October to procure a batch of the S-400 missile systems at a cost of Rs 40,000 crore.

China, India should not allow any individual case to disrupt bilateral ties: Envoy

China's new Ambassador to India Sun Weidong said that with two strong leaders at the helm in both the countries, the ties are set to reach new heights.

White House to host meeting with tech executives on Huawei ban

A White House official confirmed the meeting would take place, noting that Google and Micron would attend, but said it had been called to discuss economic matters.

India-US relationship on very sound footing: Harsh Vardhan Shringla

The summits demonstrated the importance that the US administration and the US Congress attach to the relationship with India along with businesses and think tanks.

IEA says does not expect 'huge increase' in crude prices

Electric vehicles are not expected to make a dent on crude demand in India and elsewhere, IEA's Fatih Birol also said, adding that he expects India's oil demand to continue rising.