China
China’s unfair trade practices behind global turmoil, Says Piyush Goyal
He stated that Beijing's development rested upon an aggregate of rigged pricing, subsidization under wraps, and labor arrangements that violate international trade laws.
India's "applied tariffs" to US only 7-8 pc, not humongous, Says Piyush Goyal
"Our applied tariff to America is likely seven or eight per cent. It's not huge," said Goyal, adding that most of the 17% average tariffs fall in areas that India does not import anything. He did not give out details of ongoing talks with the US, which has slapped a 26% "reciprocal tariff" on Indian exports.
China Retaliates with 34% Tariffs on All U.S. Imports Starting April 10
Multiple media outlets have reported that China's newly announced tariffs will come into effect on April 10.
Trump Claims China 'Panicked' as Markets Tumble Further
The stock market response was quick and brutal. Wall Street experienced a sharp selling with all major indices declining over 3% during early trading. The Nasdaq Composite, which is weighted with technology stocks, dropped 4%.
China Slams US Tariffs, Promises 'Resolute Counter-Measures'
The ministry also urged Washington to cancel its unilateral tariff measures.
NRI Remittances Reach Record $129.4 Billion in 2024, India Maintains Top Spot
Chasing India, China takes third place with $48 billion, the Philippines fourth at $40 billion, and Pakistan fifth at $33 billion, based on World Bank data collated by economists.
India-US trade agreement talks progressing well; will be for good of both nations, Says Piyush Goyal
Goyal emphasized that he is in constant discussion with people representing different industries, such as agriculture, engineering, electronics, and textile industries, and other principal stakeholders. He mentioned there is a general euphoria regarding the prospect of the bilateral trade agreement, stating, "The discussions are ongoing. They are going well and will be for the benefit of both the United States and India."
India Faces New US Tariff Worry as Trump Warns of 25% Duty on Venezuelan Oil Buyers
"Venezuela has been very unfriendly to the US and to the freedoms we represent. Because of this, any nation that purchases oil or gas from Venezuela will have to pay a 25% tariff on trade with our nation. This will be formally recorded and implemented from April 2," Trump stated in a social media announcement.
Impact of US tariffs on India minimal as country diversifies exports kitty, reported by SBI
India's assertive policy in reshaping global supply chain strategies, especially through routes covering Europe, the Middle East, and the US, is underlined by the report.
UN Report: India and China Witness Stronger Trade Momentum in Q4 2024
The most recent Global Trade Update by the United Nations Conference on Trade and Development (UNCTAD), using data through early March, reported that international trade increased by around $1.2 trillion in 2024 to a total of $33 trillion. This growth was led mainly by a 9% increase in trade in services and a 2% increase in trade in goods.
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