international trade

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    Hormuz Strait Disruption: Export Relief Extended

    India Extends Export Relief Measures Till March 31 Amid Strait of Hormuz Disruptions Government Expands Support to Ease Trade Challenges in Gulf Region New Delhi, March 17: The government on Tuesday extended relief measures for export cargo until March 31, as ongoing disruptions in the Strait of...
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    Trade Deals Fuel Expansion of India's Services Exports

    India’s Services Exports Reach $348.4 Billion in April to January FY26, Strengthening Role in Economic Growth Services Exports Maintain Strong Momentum in FY26 India’s services exports continued to demonstrate strong momentum in FY2025-26, supported by steady global demand for Indian services...
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    Sanctions Eased on Russian Oil – A Temporary Measure

    United States Temporarily Authorizes Sale of Russian Oil Amid Middle East TensionsWashington, March 13 The United States is temporarily allowing the sale of Russian oil already at sea, the Treasury Department announced on Thursday, as global energy prices surge following US-Israeli strikes on...
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    Supreme Court Ruling Spurs State Lawsuit Against Trump

    24 US States Sue Trump Administration Over New 10% Global Tariffs A coalition of 24 US states has filed a lawsuit against President Donald Trump's administration, challenging the legality of newly imposed 10% global tariffs on imports. The case marks the first major legal challenge to the policy...
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    US Tariff Refund Lawsuits: L’Oreal, Dyson Among 1,400 Companies Seeking Repayment After Supreme Court Ruling

    A fresh wave of legal action has begun in the United States after the US Supreme Court struck down key tariffs imposed under former President Donald Trump’s emergency trade powers. Major global brands are now moving to recover duties they paid under those measures.Supreme Court Ruling Opens...
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    China Files Trade Dispute Against India's Automotive & Renewable Policies

    WTO Sets Up Dispute Panel After China Challenges India’s PLI Schemes in Auto and Renewable Sectors China Escalates Trade Dispute Over India’s Incentive Measures New Delhi, February 24: The World Trade Organization has established a dispute settlement panel following a complaint by China against...
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    Indian Exports to US Face 10% Tariff for 150 Days After Supreme Court Ruling; Uncertainty Over Possible 15% Hike

    US Supreme Court Ruling Reshapes Tariff Landscape New Delhi, February 23: Indian exports to the United States will be subject to an additional 10 percent tariff for 150 days starting February 24, following a ruling by the US Supreme Court that invalidated President Donald Trump’s earlier tariff...
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    South Korea Exports Surge 23.5% in Early February on Strong Semiconductor Demand

    Shipments Hit Record $43.5 Billion in First 20 Days Seoul, February 23: South Korea’s exports climbed 23.5 percent year on year in the first 20 days of February, powered by robust semiconductor demand, according to data released by the Korea Customs Service.Outbound shipments reached $43.5...
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    South Korea Pledges Amicable Talks with US to Protect Tariff Deal Benefits

    Seoul, February 23: South Korea has reaffirmed its commitment to maintaining stable trade relations with the United States, with the government pledging continued “amicable” consultations to safeguard favorable export conditions secured under the bilateral tariff agreement between the two...
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    SBI Report: Tariffs Face Uncertainty After Supreme Court Ruling

    New Delhi, February 22 – The tariffs collected by the US administration from various jurisdictions range from $160-175 billion (with Chinese companies likely paying the highest), and the refunds could be "chaotic," but they would also serve as a psychological deterrent in imposing future...
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