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India Rebuts US Trade Probe, Defends Labour Standards Why in the News ? India has responded to the U.S. Section 301 investigations on forced labour and excess capacity, asserting compliance with ILO conventions and defending its trade practices, as Indian negotiators prepare for bilateral trade talks in Washington next week. India’s Response to U.S. Trade …
Read MoreGOVT PEGS REAL GDP GROWTH AT 7.4% AMID TARIFF CONCERNS Why in the News? Official estimate: The Ministry of Statistics and Programme Implementation released the First Advance Estimates (FAE), pegging real GDP growth at 7.4% for FY 2025–26. Growth slowdown signal: Despite strong Q1 (7.8%) and Q2 (8.2%) performance, growth is expected to moderate in …
Read MoreWhy in News ? U.S. President Donald Trump has signed an executive order doubling tariffs on Indian imports to 50%, citing India’s continued oil trade with Russia. The move has sparked strong criticism from India, calling it unfair and unjustified. Recent Development: U.S. Tariff Hike on Indian Goods President Trump imposed an additional 25% tariff …
Read MoreWhy in the News ? China increased tariffs on US goods from 84% to 125% in retaliation to the US hiking tariffs to 145%. Beijing accused the US of violating international trade norms and engaging in unilateral economic coercion, worsening global trade tensions. What Happened? China’s finance ministry has announced a sharp increase in tariffs …
Read MoreWhy in the News ? U.S. President Donald Trump announced sweeping reciprocal tariffs on global trade partners, including a 27% duty on Indian exports. Despite ongoing trade talks, India was not spared, prompting muted official responses while global markets reacted with sharp declines and concern. About Trump’s Tariffs and Impact on India: S. President Donald …
Read MoreWhy in News ? US President Donald Trump announced 25% tariffs on imported automobiles and auto parts from April 5, 2025, raising concerns for India’s $7 billion auto component exports and impacting future growth potential in the North American market. Trump’s Tariff Decision and Its Implications US President Donald Trump announced 25% tariffs on imported …
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