Trade & Tariffs

India and the European Union intensify talks to conclude a free trade agreement

Commerce and Industry Minister Piyush Goyal is scheduled to visit Brussels on January 8-9, 2026 to hold high-level talks aimed at resolving pending issues and expediting the conclusion of India-EU free trade agreement negotiations.

EU moves toward free trade deal with Mercosur as farmers protest and France leads opposition

EU member-state ambassadors gave a provisional nod to a free trade agreement with Mercosur, while farmers protested across Europe and France led opposition to the deal.

China bans exports of dual-use items to Japan over Taiwan tensions

China banned exports of unspecified dual-use items to Japan, and Japan protested and demanded the measures be withdrawn.

US sanctions oil tankers moving Venezuelan oil

The new US sanctions target four companies and their tankers, aiming to cut financial support to Maduro's government.

India sets 11-12% tariff on some steel imports for three years

The tariff aims to protect India's steel industry from cheap imports mainly from China and other countries.

US finds subsidies for Indian capsule makers, may add import duties

The US Department of Commerce found that Indian capsule exporters received illegal subsidies, risking new trade duties.

Make in India Electronics: Cos create 1.33 million jobs as PLI scheme boosts smartphone manufacturing & exports

The electronics sector's growth under the PLI scheme significantly boosted smartphone exports and formal employment, benefiting many women and first-time workers.

US Trade Dominance Will Soon Begin to Crack

In 2026, repealing anti-circumvention laws by some countries could break US tech companies' dominant control and reduce consumer costs globally.

Nayara Energy Delays Vadinar Refinery Maintenance Amid EU Sanctions

Nayara delays Vadinar refinery maintenance to April 2026 due to lack of European contractors amid EU sanctions.

U.S. Naval Actions Target Venezuelan Oil Amid Sanctions Enforcement

The U.S. targets Venezuelan oil shipments through naval interceptions and financial sanctions, leveraging maritime insurance and classification to enforce its policy.

Bharti Enterprises and Warburg Pincus to acquire 49% stake in Haier India

Bharti Enterprises and Warburg Pincus will jointly acquire 49% of Haier India to enhance its market position and local manufacturing capability.

India and Bangladesh suspend visa services amid escalating diplomatic tensions

India and Bangladesh suspended mutual visa services amid protests and violent incidents, reflecting strained diplomatic ties and internal political instability.

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