Tuesday, March 11, 2025

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trade

Trump escalates trade war by raising tariffs on Canadian Steel and Aluminum to 50 per cent

Trump stated that the tariff hike was in response to Ontario Premier Doug Ford's decision to impose a 25% tax on electricity exports to the U.S.—a move that itself was a reaction to Trump's initial 25% tariffs on Canadian imports.

Maha Kumbh to generate business worth ₹3 lakh crore through goods and services, estimates Confederation of All India Traders

The Mahakumbh festival in the holy city of Prayagraj is estimated to have generated business of over ₹3 lakh crore (USD 360 billion) through goods and services, as per Confederation of All India Traders

India’s trade deficit likely to come down by over USD 1 billion from USD 21.94 billion in December, says Union Bank of India report

India's merchandise trade deficit is expected to have narrowed to USD 20.88 billion in January 2025, down from USD 21.94 billion in December 2024, according to a report by Union Bank of India.

Pakistan-Afghanistan trade suspended at Torkham border as Pakistani authorities start asking Afghan truckers for travel documents

Trade has been suspended along the Pakistan-Afghanistan border at Torkham after exemption given by Pakistan for visa-free entry to Afghan truckers ended on 31 July

North East India Festival commences in Ho Chi Minh City, aims to strengthen ties between India and Vietnam

The North East India Festival officially commenced yesterday evening in Ho Chi Minh City, and aims to strengthen ties between India and Vietnam

Canada postpones October trade mission to India due to “certain political developments”

Canada has announced that it would postpone an October trade mission to India, Al Jazeera reported.

“This is distorting our market”: EU launches anti-subsidy probe into China-made electric vehicles amid charges of unfair trade practices

The European Union has launched an anti-subsidy inquiry into the Electric Vehicles (EVs) coming from China

Banks in 22 countries including Russia, UK, Germany, Israel open special Vostro accounts in Indian banks to trade in Indian Rupee

Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency

China ruins Dussehra festival in Nepal, goods worth billions stuck due to closure of border points after anti-China protests in Nepal

As China blocked Nepal border trade points following anti-China protests in Nepal, the Dussehra festival will be ruined

India dodges global economic slowdown, exports grew by 19.7% in April-August over the same period last year

Indian exports of merchandise grew by 17.7% April-August this year against same period last year, and overall exports grew by 19.7%

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