The US has expanded its tariff regime, targeting both industrial metals and high-value pharmaceutical imports, signalling tougher trade controls and potential impact on global supply chains.
Commerce Secretary Rajesh Agarwal informed that the deal was to be signed in March but the signing will now take place once the United States finalises a new architecture of global tariffs.
The growth will be largely driven by higher realisations, supported by the sharp depreciation of the rupee against the US dollar and the euro.
Describing it as an evolving situation, the minister affirmed the government's commitment to protecting the country's interests.
The White House has rolled out a temporary import duty using a rarely discussed trade provision, raising questions over exemptions, duration, and the scope of presidential powers in trade matters.
The long-anticipated interim trade agreement between India and the United States has finally come into force, delivering a cautious but politically significant de-escalation of bilateral trade tensions and reopening a pathway toward a more ambitious Bilateral Trade Agreement (BTA) later this year.
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.
The new India-US trade deal would be a major game-changer for the competitiveness of Indian exports of ‘made in India’ goods. It will boost the country’s manufacturing sector as it expands its global market access with a lower tariff burden.
Poland has in the recent past expanded its political and economic contacts with Islamabad. Deputy Prime Minister and Minister of Foreign Affairs of Poland, Radosław Sikorski, himself visited Pakistan in October last year and the talks focused on widening cooperation in trade, investment, energy, defence, education and counterterrorism.
State-run oil refiners have been quietly advised to wind down deliveries of Russian crude.
