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US-China trade war sends India’s electronics imports soaring 27.5% in May, raises dumping risks
Business Today
·
2m ago
Medial
India's electronics imports surged by 27.5% in May, highlighting increased dumping risks amid the US-China trade war. Meanwhile, India's exports to the US grew significantly by 17.3% to $8.8 billion, with the rise largely driven by stronger smartphone exports. The escalating trade tensions have created shifts in global supply chains, offering India both challenges in managing imports and opportunities in increasing its export share to the US market.
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India’s trade gap narrows to $20.7 billion as cheaper oil, sluggish gold imports ease June deficit
Economic Times
·
2m ago
Medial
India's merchandise trade deficit narrowed to $20.7 billion in June 2025, down from $21.9 billion in May, due to declining crude prices, decreased gold imports, and a diversified sourcing strategy. Russian and US oil imports rose, while traditional suppliers decreased. India's petroleum product exports dropped by nearly 10%. Gold imports decreased due to soaring prices, while coal imports remained stable. Trade measures included anti-dumping duties and import restrictions. Future trade deficits depend on global commodity price trends.
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India imposes anti-dumping duty on four Chinese chemicals
Economic Times
·
2m ago
Medial
India has imposed an anti-dumping duty on four Chinese chemicals to protect domestic industries from underpriced imports, following recommendations by the Directorate General of Trade Remedies. The chemicals include PEDA, Acetonitrile, Vitamin A Palmitate, and Insoluble Sulphur, with duties applied up to five years. This move aims to ensure fair trade and boost domestic manufacturing as India's trade deficit with China grows significantly, highlighting the importance of balancing trade relations.
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Stainless steel industry seeks anti-dumping duties on cheap imports to protect local players
Economic Times
·
1m ago
Medial
The Indian stainless steel industry has requested the Directorate General of Trade Remedies (DGTR) to impose anti-dumping duties on cheap imports from countries like China, Vietnam, and Indonesia, which adversely affect local manufacturers. The Indian Stainless Steel Development Association (ISSDA) spearheads this initiative to shield domestic players. Jindal Stainless Managing Director, Abhyuday Jindal, emphasized the urgency, citing global trade uncertainties and rising imports threatening India's growing market. The DGTR is expected to commence its investigation soon.
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MeitY Reconsidering Monitoring System For IT Hardware Imports
Inc42
·
1y ago
Medial
The Indian government is holding discussions with stakeholders to decide whether the import monitoring system for IT hardware products should continue in its current form or if a stricter regime is necessary. The government is concerned about security risks and the possibility of dumping associated with imports from China. Imports of the seven IT hardware items under the import authorisation regime have declined by 3.4% to $8.4 billion in FY24.
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Wary investors hope US-China talks cool high-stakes trade war
Economic Times
·
4m ago
Medial
Investors are cautiously optimistic about US-China trade talks aimed at cooling the ongoing trade war. While many do not expect a swift resolution, they hope for de-escalation. Recent tariffs have disrupted global trade and increased market volatility. Despite signs of potential progress, skepticism remains about achieving a "grand compromise." Recent US-China tensions and tariffs on imports continue to weigh on markets, though some investors express cautious optimism about long-term resolutions and economic resilience.
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Indian electronics firms better placed to weather tariffs storm: MeitY secretary
Economic Times
·
5m ago
Medial
India’s electronics industry holds a favorable position amid the Trump administration’s reciprocal tariffs, according to MeitY Secretary S Krishnan. Although local manufacturers haven't raised concerns, the government is prepared for scenarios involving Chinese goods' dumping. Discussions are underway regarding tariffs and a bilateral trade agreement with the US. Cybersecurity remains a priority with a 175% rise in BFSI sector phishing attacks, prompting a focus on local cybersecurity initiatives.
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India initiates anti-dumping probe into import of polyethylene from 6 countries
Economic Times
·
2m ago
Medial
The Directorate General of Trade Remedies (DGTR) has begun an anti-dumping investigation into polyethylene imports from Kuwait, Malaysia, Oman, Qatar, Saudi Arabia, and the UAE. This action follows a complaint from the Chemicals and Petrochemicals Association of India, which claims that these imports are damaging the domestic industry. If evidence of injury is confirmed, the DGTR may recommend imposing duties, reflecting efforts to ensure fair competition for local producers against foreign imports.
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Chinese smartphone exports to US plunge to lowest since 2011
Economic Times
·
3m ago
Medial
Chinese smartphone exports to the US fell to their lowest since 2011, driven by US tariffs on imports. Smartphone exports dropped 72% in April, highlighting disruptions in tech supply chains and fears of a global trade war. The US-China trade tensions were exacerbated by sanctions and talks over high-value exports. Meanwhile, Apple's production in India has increased, underscoring a shift in manufacturing locations as production in the US remains unfeasible.
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‘Why import...’: Matching China’s price, an Indian entrepreneur says it’s time to build and beat the best
Business Today
·
5m ago
Medial
An Indian entrepreneur revealed that their company can produce small plastic-heavy appliances at costs comparable to Chinese imports. This development is fueling confidence in India's manufacturing capabilities, challenging global supply chain norms. With local production proving competitive, there is momentum to scale and take bigger risks, aiming for deeper backward integration to surpass China’s pricing. Sectors like electronics, chemicals, and machinery still rely heavily on Chinese imports, contributing to a trade deficit of $22.99 billion in January 2025.
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US-China trade war: Indian airlines may benefit from Boeing’s ‘unsold fleet’
Business Today
·
4m ago
Medial
The US-China trade war opens a window for Indian airlines like Air India Express and Akasa Air to benefit from Boeing's unsold fleet. As China avoids purchasing Boeing aircraft due to US tariffs, India could capitalize on nearly 100 idle Boeing 737 MAX jets China originally ordered. With Air India’s large order for Boeing aircraft, Indian carriers are positioned well to strengthen their fleets, potentially negotiating favorable deals with the manufacturer amid shifting global priorities.
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