Author: Editorial Desk

India is positioning itself as a significant beneficiary of China-US trade conflicts, leveraging global shifts in supply chains and geopolitical dynamics to redefine its role in international trade. According to a recent report, India is projected to achieve a compound annual growth rate (CAGR) of 6.4 per cent in trade over the next decade, aligning closely with its robust GDP growth. The ongoing trade tensions between China and the United States have prompted many global businesses to seek diversified and resilient supply chains. This shift has positioned India as a preferred alternative production hub. The nation’s ‘China+1’ strategy, combined with…

British Finance Minister Rachel Reeves has emphasized the importance of fostering ‘pragmatic and predictable’ relations with China to stimulate economic growth and trade during her two-day visit to the country. This represents the restoration of high-level economic and financial discussions between the two nations, which have been stalled for nearly six years. Reeves defended her fiscal strategy amidst rising British interest rates, which have increased government borrowing costs. Speaking at a Brompton bicycle shop in Beijing, she stated, “The fiscal rules that I set out in my budget in October are non-negotiable, and growth is the number one mission of…

Vietnam has maintained its position as the world’s largest exporter of cashew nuts for the 18th consecutive year, with export volumes in 2024 estimated at 730,000 tons, valued at $4.37 billion. Compared to the previous year, Vietnam has bolstered its dominance in cashew exports within the global cashew industry. Vietnamese cashew nuts now reach over 90 countries and territories, with robust growth recorded in key markets such as the United States and China. Exports to the US surpassed 179,000 tons, generating $1.07 billion, a notable rise compared to the same period last year. Similarly, exports to China experienced significant growth…

China’s Gold Discovery, valued at an estimated $83 billion, is set to redefine the dynamics of the global gold market. Unearthed in the Wangu gold field in Pingjiang County, Hunan Province, this landmark discovery is being hailed as one of the largest gold deposits in history, with far-reaching implications for China and the global economy. A Game-Changing Discovery Advanced 3D geological modeling confirmed reserves exceeding 1,000 metric tons, with 300 metric tons verified during preliminary exploration. This high-grade deposit, containing up to 138 grams of gold per metric ton, positions it among the world’s most significant gold reserves. The timing…

Canada is gearing up to impose retaliatory tariffs on a range of US imports, including ceramics, steel, and furniture, in response to President-elect Donald Trump’s threats to target Canadian exports. The move highlights Canada’s readiness to defend its trade interests amid escalating economic tensions. Officials have indicated that as a last resort, the measures may extend to taxing energy exports to the US. Canadian authorities have reportedly drafted a list of American goods that could face tariffs if Trump proceeds with his stated intent to exert “economic force” against Ottawa. Items under consideration include alcoholic beverages, orange juice, pet food,…

Taiwan expects limited effects from potential tariffs imposed by the incoming U.S. administration of President-elect Donald Trump on semiconductor exports, citing the technological superiority of its chip industry, Economy Minister Kuo Jyh-huei stated on January 10. As the home of Taiwan Semiconductor Manufacturing, the world’s largest contract chipmaker, Taiwan plays a crucial role in the global technology supply chain, supporting major corporations such as Apple and Nvidia. Despite this, Taiwanese officials have expressed concerns that broad U.S. tariffs could slow economic growth for the export-reliant island. President-elect Trump has proposed a 10% tariff on all global imports to the U.S.…

China has accused the European Union of implementing discriminatory investment and trade barriers against its companies, escalating tensions in their ongoing commercial disputes. On Thursday, the Chinese Ministry of Commerce released findings alleging that the EU’s Foreign Subsidies Regulation (FSR) unfairly targets Chinese firms, undermining their competitiveness in the European market. The ministry criticized the FSR for its ‘vague criteria’ and ‘selective enforcement,’ claiming that the measures disproportionately burden Chinese companies while creating uncertainty. It further alleged that EU investigators conducted surprise inspections and applied arbitrary standards, pressuring Chinese firms with severe penalties for non-compliance. These measures, according to the…

President-elect Donald Trump has restated his commitment to universal tariffs, refuting claims that his administration may narrow the scope of proposed import duties. These tariffs, potentially ranging from 10% to 20% on goods from all countries, have raised concerns across industries, particularly agriculture and pork production. Trump dismissed a Washington Post report suggesting his administration might scale back the tariff policy, calling the claims false. In a Truth Social post on Monday, he stated, “The story in the Washington Post, quoting so-called anonymous sources, which don’t exist, incorrectly states that my tariff policy will be pared back. That is wrong.”…

Since the start of 2025, export of Vietnamese rice prices have experienced a sharp decline, pushing the nation behind Thailand in the global rice export market. The prices of Vietnam’s 5% and 25% broken rice varieties have fallen below $500 per ton, marking a significant drop. Even premium fragrant rice varieties have dipped below $600 per ton, the lowest figures recorded in two years, triggering concerns among farmers and exporters. Association (VFA) revealed that the export price of Vietnam’s 5% broken rice decreased by an additional $7 per ton, settling at $460 per ton, approaching a two-year low. Similarly, the…

The Global Trade Research Initiative (GTRI) has warned that any reduction in customs duty on smartphone components in the upcoming Union Budget for FY26 could substantially impact India’s burgeoning electronics ecosystem. The think tank highlighted risks such as discouraging investment, increasing imports, and making local firms uncompetitive, which could ultimately lead to job losses. India’s smartphone manufacturing sector is widely regarded as a success story under the ‘Make in India’ initiative. In FY2023-24, the sector achieved production worth $49.2 billion, with exports contributing $15.6 billion, making smartphones the fourth-largest export category after diesel, aviation fuel, and polished diamonds. However, industry…