Trump's generic drug tariff plan introduces a phased import duty that could reach 200% within three years, encouraging pharmaceutical companies to manufacture in the United States. The proposal could significantly affect India's pharmaceutical industry, which supplies nearly 40% of generic medicines used in the US. Trump Generic Drug Tariffs Target India Pharma Export

US imposes 50% tariff on Canadian goods as the Trump administration escalates trade tensions with its northern neighbour. The new duties target products including hockey sticks, wine and cement, while Washington cites unfair trade practices and retaliatory Canadian policies as the reason for the move. US Imposes 50% Tariff on Canadian Goods Amid Trade Dispute &n

The proposed free trade agreement between the European Union and India has moved into its last procedural stage after years of negotiation. Both sides have already agreed on the core framework, and the current focus is on legal refinement and institutional clearance before formal approval. Officials describe this phase as technical but decisive, as even small wording changes can affect implementation across sectors. The agreement is being revi

India considers expiry safeguard in US trade talks India is reportedly preparing to seek a sunset clause in its proposed interim trade agreement with the United States, reflecting a growing global trend among trading partners to build expiry mechanisms into major economic deals. The move aligns closely with recent developments in European Union–US trade arrangements, where similar provisions have been introduced to limit long-term exposure

US-India Trade Deal Nears Final Stage The United States and India are approaching the final phase of a long-anticipated trade agreement, with officials indicating that negotiations are now in their “last mile” and could conclude within weeks. The development comes just ahead of a high-profile bilateral meeting between Prime Minister Narendra Modi and US President Donald Trump on the sidelines of the G7 s

US shale oil exports reached a new milestone in May, pushing the United States ahead of Saudi Arabia and Russia in global crude oil and refined fuel shipments. The shift marks a major reversal for a country that once depended heavily on West Asian oil and was deeply affected by the 1973 Arab oil embargo. US Shale Oil Exports Reach May Record Ship-tracking data cited by Reuters showed U.S. exports of crude oil and refined fuels reached about 10.

India-US Trade Talks Progress Trade negotiations between India and the United States moved closer to a potential interim agreement after four days of discussions in New Delhi. Officials from both sides described the talks as constructive, reflecting a shared commitment to deepening trade ties. The Office of the United States Trade Representative (USTR) led the American delegation, advancing discussions on t

Carney Calls For New Partnership Canadian Prime Minister Mark Carney called for a new partnership with the United States during a speech in New York on Thursday, saying closer cooperation could help strengthen both countries. Carney said the global economy is going through a major rupture as the United States changes its commercial relationships, but argued that Canada and the US could still work together in key sectors such as aluminum, automobiles and critical minerals. His remarks came as trade tensions between the two neighbors continue to shape diplomatic and economic discussions. Trade Tensions Shape Message Carney has pledged to double Canadian exports to markets outside the United States over the next decade, while also signing more than 20 economic and security agreements in the past year. At the same time, US trade officials were in Mexico City for discussions on overhauling the US-Mexico-Canada Agreement, though Canada was not part of the current round of talks. The exclusion adds pressure to Ottawa as it tries to protect its position in North American trade while reducing dependence on the US market. Canada Looks To Diversify The prime minister has previously described Canada’s close ties with the United States as vulnerabilities that must be corrected, especially after President Donald Trump threatened to annex Canada as the 51st state. Carney also criticized what he called American hegemony earlier this year, warning that deeper integration with major powers can create weaknesses that may be exploited. His government has moved to diversify partnerships, including a recent decision to buy military planes from Sweden instead of relying only on American manufacturers. In New York, however, Carney adopted a more conciliatory tone. He described the United States as dynamic, resilient and inventive, and said its founding values of liberty, democracy, justice and openness should continue to guide its future and the world. The message reflected a careful balancing act: Canada wants to reduce economic risk and expand global exports, but it also recognizes that cooperation with Washington on trade, security, autos, aluminum and critical minerals remains central to its long-term strategy.

India and Vietnam have agreed to strengthen their economic ties with an ambitious goal of increasing bilateral trade to USD 25 billion by 2030. This announcement, made by Prime Minister Narendra Modi on May 6, 2026, is part of a new strategic roadmap designed to expand economic and sector-specific cooperation between the two countries. The announcement was made following the signing of several Memoranda of Understanding (MoUs) at Hyderabad House in Delhi by PM Modi and Vietnam's President To

China has strongly rejected new sanctions imposed by the United States on Chinese firms accused of purchasing Iranian oil, calling the measures “unlawful” and a violation of international trade norms. The move marks a fresh escalation in tensions between China and Washington, with potential ripple effe

The US naval blockade has sharply reduced Iran’s oil exports, forcing crude into floating storage as onshore capacity fills. Limited tanker movement and tracking blackouts obscure shipments, raising concerns over global supply transparency and market stability US naval blockade curbs Iran oil exports, raises floating crude stockpiles has significantly reduced Tehran’s oil shipments, leaving large volumes stranded at sea as storage capacity tightens. Analysts citing shipping data report that Iranian crude exports have dropped sharply due to heightened maritime restrictions and operational risks in key transit routes. According to data from oil analytics firm Vortexa, only a limited number of tankers carrying Iranian crude departed the Gulf of Oman between Sunday, April 13, 2026, and Friday, April 25, 2026. This decline underscores the growing impact of the blockade, which has disrupted traditional export channels and created uncertainty across global energy markets. The situation is further complicated by tanker operators switching off tracking systems to avoid detection, making it difficult to accurately measure export volumes. China remains Iran’s primary buyer, but the opacity surrounding shipments has increased as vessels attempt to evade monitoring systems. Analysts note that this lack of transparency could distort global supply assessments and complicate pricing trends in international oil markets. As Iranian onshore storage facilities reach capacity, more crude is being held on tankers, effectively turning them into floating storage units. The blockade’s ripple effects extend beyond oil logistics. Broader policy measures tied to the maritime restrictions have contributed to operational challenges within U.S. federal systems. Since Friday, February 14, 2026, certain agencies have faced funding interruptions, leading to disruptions including extended wait times at major U.S. airports. While a recent measure supported by President Donald Trump has reopened the Department of Homeland Security, it does not allocate additional funding for Immigration and Customs Enforcement or the U.S. Border Patrol. The evolving situation highlights the intersection of geopolitical strategy and global energy flows, with analysts warning that prolonged disruptions could tighten supply chains and influence oil prices worldwide. 

The U.S. dollar has continued its recent decline, extending a trend that presents both opportunities and challenges for the American economy. President Donald Trump described the currency as “doing great,” reflecting his view that a moderately weaker dollar can provide strategic benefits in international trade. Despite this optimism, economists warn that the weakening greenback represents a “double-edged sword,” offering advantages to exporters while introducing risks related to inflatio

Amazon has revealed one of its biggest commitments to India yet, announcing that it aims to help create 3.8 million job opportunities in the country by 2030. This comes at a time when the tech giant has laid off around 14,000 employees globally, highlighting a contrasting strategy between global restructuring and India-focused expansion. The announcement was made during the Smbhav Summit in New Delhi, where Amazon outlined its long-term roadmap for the Indian market. The company says it will

Pakistan has offered Bangladesh the use of its Karachi port for exporting jute and other goods, marking a significant geopolitical move amid deteriorating India-Bangladesh relations. The offer comes shortly after India banned the import of jute products through land routes, a major blow to Bangladesh’s export sector. The development was formalized during the Pakistan-Bangladesh Joint Economic Commission (JEC) meeting in Dhaka, held after a gap of nearly 20 years, signaling a thaw in relatio

The United States has warned that steep tariffs could soon be imposed on China if Beijing proceeds with its newly announced restrictions on rare earth exports, heightening concerns of another trade confrontation between the two largest economies in the world. U.S. Trade Representative Jamieson Greer said Tuesday that the decision now rests largely on China’s next actions, suggesting that the situation remains fluid in the run-up to a crucial diplomatic meeting later this month. Pr

India Post will resume all categories of international postal services to the United States beginning Wednesday, following the successful implementation of a new customs-compliant system that aligns with recent US import regulations. The Ministry of Communications confirmed the development, marking a major restoration of cross-border mail services that had been suspended since August 22 due to changes in the United States’ shipping policy. The temporary suspension came after the U

  India's organic food exports have witnessed a significant surge, registering a 35% increase to reach $665.96 million (approximately ₹5,700 crore) in the financial year ending March 31, 2025. This growth underscores the rising global demand for Indian organic products and the country's expanding footprint in the organic food sector. In terms of volume, exports grew by 41%, totaling 0.37 million tonnes in 2024-25, up from 0.26 million tonnes in the previous fiscal year. The

In a move that has stirred significant concern among global policymakers, US President Donald Trump took aim at India’s high tariffs on American goods during a recent press conference. Speaking on the matter, Trump expressed frustration over the tariffs imposed on US agricultural products, specifically highlighting the fact that India has a 100% tariff on American agricultural goods. This, according to the President, makes it “virtually impossible” for American products to b

The Kremlin stated on Wednesday that it would not activate the recently negotiated Black Sea maritime security agreement until a series of longstanding conditions—most of them tied to earlier unmet commitments—are fulfilled. This development comes in the wake of a US-led effort to bring about a ceasefire between Russia and Ukraine in the Black Sea and halt attacks on critical energy infrastructure. On Tuesday, the United States announced that it had reached separate agreements wit

The Indian government is working on refining the Production-Linked Incentive (PLI) scheme to increase local value addition and export-driven growth in key industries. While the scheme has successfully attracted investment across multiple sectors, officials believe that further improvements are needed to address import dependency and enhance India's global manufacturing competitiveness.Since its launch in April 2020, the PLI scheme has been instrumental in drawing substantial investments i