India’s marine product exports touched an all-time high of Rs 72,325.82 crore ($8.28 billion) in FY 2025–26, overcoming geopolitical tensions in West Asia, tariff pressures in the United States and volatile global trade conditions.
The latest round of tariff threats issued by Donald Trump once again illustrates how central protectionist trade policies have become to his economic and political strategy.
The return of aggressive tariff politics in Washington signals that global trade is once again entering a period of uncertainty.
Gold and silver prices retreated on Tuesday, amid uptick in US dollar and profit‑taking after huge gains in previous session.
The announcement of a long-delayed trade understanding between India and the United States has brought a palpable sense of relief in Delhi’s policy and business circles.
While US President Donald Trump has slapped a 50 per cent tariff on Indian exports, he appears to have quite overlooked the fact that India has also sharply increased its purchases of oil and gas from America.
US President Donald Trump said secondary tariffs on India influenced Vladimir Putin to agree to a meeting, noting they cut India’s Russian oil purchases. The tariffs, now at 50% on many goods, are among the highest on any US trading partner.
PM Modi takes a firm stance against the US’ steep tariffs on India, emphasizing his commitment to protecting the interests of Indian farmers and fishermen from any harmful trade policies.
US imposes high tariffs on Indian exports citing BRICS alignment, lack of acknowledgment over Pakistan truce, and pressure to open dairy, agriculture, and GM crop markets, said former diplomat Vikash Swarup.
The US administration is engaged in an "honest, full, and frank dialogue" with India despite recent tensions over tariffs, US State Department’s Principal Deputy Spokesperson Tommy Pigott said on Friday (India time).
