Insights - Exports - Trade - Small Biz - The Economic Times
India's 5% broken parboiled variety was quoted at $418 to $428 per metric ton this week, down from last week's $429 to $435. Indian 5% broken white rice was quoted at $395 to $405 this week.
Brazil’s central bank said annual inflation will run above the tolerance range for the next six months, as food prices rise significantly and services costs remain elevated despite aggressive interest rate hikes.
The United States and several other countries have become victims either because they believed in the myth of free trade or because they are not good at defending themselves against these aggressive strategies.
Shipping, a proxy for trade and a health measure of the world economy, could see transport volumes rise between 2.8% and 3% in 2025, said CEO Rolf Habben Jansen.
The threat of tariffs from U.S. President Donald Trump is creating uncertainty in the industry as it experiences a global contraction that shrank global sales in 2024 by 5%, dropping to 96 billion euros from 110 billion euros in 2023, according to figures released by the Italian National Fashion Chamber.
The lack of consistent long-term strategy is hindering U.S. companies' efforts to compete globally with China's advanced technological and manufacturing capabilities.
A survey from the Institute for Supply Management (ISM) released on Monday, which was conducted before the escalation in trade tensions, showed raw-material inventories at factories were already declining last month, lifting prices for the fourth straight month.
Executives have been able to deflect questions about dealing with tariffs before Saturday's announcement, and many wanted to avoid antagonising Trump's White House after he took office. That non-response may no longer be possible.
Trump said after taking office that the United States would apply tariffs of 25% on imports from Canada and Mexico, contending that they were allowing "mass numbers of people to come in and fentanyl to come in."
The Budget also announced measures to facilitate exports of handicrafts and other sectors, such as leather and marine products.
The government proposes to revamp the Shipbuilding Financial Assistance Policy and establish a Rs 25,000 crore Maritime Development Fund
Nirmala Sitharaman, during her Budget speech, announced a slew of other measures to facilitate exports.
The focus will be on boosting Digital Public Infrastructure to help overcome non-tariff barriers, particularly for MSME exporters, says FM Nirmala Sitharaman.
Addressing challenges of the ecommerce industry can strengthen India’s position among leading global exporters, says the Survey.
India’s service exports continue to shine on the back of its robust IT ecosystem, helping double its share in global exports
Economic Survey 2024-25: China’s manufacturing dominance nears 45% of global output, poses long-term strategic challenges for India
The Survey noted that China’s control over the global distribution of critical minerals and other economic resources raises concerns about long-term dependencies.
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