Author: Editorial Desk

India has strongly rejected allegations made in a report by a US-based publication that claimed an Indian defence public sector unit (PSU) sold imported equipment to a Russian arms supplier, calling the report “factually incorrect and misleading.” Government sources accused the publication of twisting facts to suit a political narrative and dismissed any implication of misconduct. The article in question linked an Indian company to the transfer of restricted technology to Russia, allegedly in violation of global export norms. Indian officials countered that the report ignored India’s strict compliance with international trade regulations. “The Indian entity mentioned in the report…

Ukrainian apples have officially entered Indian markets, marking a noteworthy development in the growing trade relationship between India and Ukraine. The Embassy of Ukraine in India announced the arrival of the first batch in Delhi, underscoring a strengthening of bilateral trade ties and expanding agricultural cooperation between the two countries. The shipment, comprising high-quality apples, successfully cleared all Indian regulatory inspections. The Embassy of Ukraine highlighted the collaborative efforts behind this achievement, involving the State Service of Ukraine on Food Safety and Consumer Protection and the Ministry of Foreign Affairs of Ukraine. In a post on X, the Embassy stated,…

The U.S. government is actively seeking egg imports from Europe and other regions to combat a severe domestic shortage that has driven egg prices in grocery stores to record highs. The U.S. Department of Agriculture (USDA) has reached out to several European nations, including Germany, Italy, Poland, and Sweden, to address the supply deficit affected by a widespread outbreak of avian influenza. However, the effort faces multiple hurdles, primarily stemming from differences in food safety standards and the limited availability of surplus eggs in Europe due to their own bird flu outbreaks and increased local demand ahead of Easter. A…

The United States has halted its financial contributions to the World Trade Organization (WTO), marking a major change in its approach to global trade and further distancing itself from international institutions seen as incompatible with the Trump administration’s ‘America First’ agenda. According to sources in Washington, the decision forms part of a wider government initiative to cut public spending and aligns with President Donald Trump’s increasingly protectionist economic stance. The move coincides with a forthcoming 25% tariff on imported cars not manufactured within the US, scheduled to take effect on Wednesday, April 2. Described by the White House as ‘liberation…

China and the European Union should deepen their trade ties by promoting open markets and reinforcing a rules-based global trading system, Arancha González, Dean of the Paris School of International Affairs at Sciences Po and former Foreign Minister of Spain, said during the Boao Forum for Asia Annual Conference 2025 in Boao, Hainan Province. Her remarks come as the new US administration adopts increasingly protectionist measures, including a recent decision to impose 25% tariffs on all imported vehicles, a move that has heightened global trade tensions. Despite the challenging backdrop, González emphasised the potential for China and the EU to…

Vietnam and Peru have agreed to maximise the benefits of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to enhance bilateral trade and investment. The decision was made during the third session of the Vietnam–Peru Intergovernmental Committee, held virtually on March 27 and co-chaired by Vietnam’s Deputy Minister of Industry and Trade, Phan Thi Thang, and Peru’s Deputy Minister of Foreign Affairs, Luis Enrique Chávez Basagoitia. In her remarks, Deputy Minister Thang highlighted the importance of strengthening cooperation amidst global economic uncertainties. She reaffirmed Vietnam’s view of Peru as a key partner in Latin America and expressed readiness to…

U.S. President Donald Trump has imposed a 25% tariff on all imported cars not produced in the United States, a move that is expected to significantly impact South Korean automotive exports. Speaking from the Oval Office on the 26th (local time), President Trump signed an executive order formalising the decision. “What we will do is impose a 25% tariff on all cars not produced in the United States,” he said, adding that the measure is expected to bring in $100 billion in revenue. This decision follows a similar tariff hike on imported steel and aluminum, which took effect on the…

The Australian federal government has allocated $6.8 million in its 2025-26 budget to protect the nation’s agricultural exports as the sector braces for one of its most productive years amid growing global trade uncertainty and the threat of US tariffs. The funding aims to maintain international market access and support Australia’s role in contributing to global fair trade standards. It comes as key export sectors — particularly red meat and wine — face potential tariff impositions by US President Donald Trump, according to several independent agricultural outlooks. Budget documents revealed that the total production value of agriculture, fisheries, and forestry…

US President Donald Trump said on Monday that starting April 2, a 25% tariff will be imposed on all imports from any country that purchases oil or gas from Venezuela — a move aimed at punishing nations engaging economically with a government Trump described as “very hostile” to the United States. The measure, which comes despite the US itself continuing to import Venezuelan oil, is expected to deeply affect countries such as China, India, Spain, Russia, Singapore, and Vietnam — all recipients of Venezuelan crude. According to a 2024 report from the US Energy Information Administration, China alone accounted for…

India is set to uphold its one-million-ton sugar export quota for the current season, easing global concerns about potential export restrictions that recently drove up international prices. Despite a decline in production, the world’s second-largest sugar producer will retain sufficient stockpiles through the season-ending 30 September, the source noted, requesting anonymity due to the confidential nature of the information. Domestic supplies are reportedly adequate to meet demand for over two months until the next crushing season begins. India’s sugar exports for MY 2024/25 are projected at 3.7 MMT, as the government is expected to uphold export restrictions to prioritize domestic…