Import, Export On a Glance
U.S. Imposes New Tariffs on 60 Countries- The U.S. has introduced new import tariffs of 10%–12.5% on goods from 60 countries under Section 301, replacing temporary tariff measures.
- Major trading partners, including China and the EU, have criticized the move.
- Businesses exporting to the U.S. should review tariff classifications and pricing strategies.
Global Trade Continues to Grow, But Risks Are Rising- UNCTAD reports that global trade is still expanding during 2026.
- However, geopolitical tensions, higher freight costs, and supply chain disruptions are creating uncertainty for exporters and importers.
India's Export Outlook Remains Positive- India's exports have shown resilience despite global economic challenges.
- Growth in services exports and strong demand from several markets continue to support overall trade performance.
India–Israel FTA Negotiations Progress- India and Israel have completed the second round of Free Trade Agreement negotiations.
- Discussions covered goods, services, customs procedures, intellectual property, and technical standards.
Global Goods Trade Increased in May- International merchandise trade rose for the second consecutive month, driven by demand for semiconductors, AI hardware, and technology equipment.
- Analysts caution that new tariffs could slow this momentum in the coming months.
