New Delhi’s frayed ties with Washington have added to a thaw in the frosty relationship with Beijing that began last year.

India has recommended a three-year import tariff of 11%-12% on some steel products to curb shipments from top producer China. The levy, if imposed, will start at 12%. It will be eased to 11.5% in the second year and to 11% in the third year,

President Donald Trump on Wednesday announced sweeping and substantial tariffs on India, one of America’s most important trading partners. In addition to a 25% tariff that is set to go into effect Thursday,

Russia has offered India a 5% discount on crude oil purchases despite mounting U.S. pressure and sanctions linked to the Ukraine conflict. The move comes after U.S. President Donald Trump imposed a 50% tariff on Indian imports,

India's Epsilon Advanced Materials is moving swiftly to close deals to supply critical components to Japanese and South Korean battery makers in the U.S., a top executive said, after Washington imposed anti-dumping duties on Chinese imports.

The trade deal talks with EAEU were stalled in early 2022 after the Ukraine war. The grouping comprises Armenia, Belarus, Kazakhstan, Kyrgyz Republic, apart from Russia.

The Narendra Modi government has told the parliament that around 60% of Indian exports to the United States to the tune of $48.2 billion could be affected by 50% tariffs.

India's monetary policy committee members flagged evolving risks from global trade tensions and tariffs as a key drag on growth but said the economy remains resilient with the inflation outlook benign,