Starting August 7, the USA will enforce a 25 percent tariff on all imports from India, a decision that could shake up India's export landscape. Key industries such as pharmaceuticals and electronics are poised to bear the brunt of these tariffs.
This means that imports from these countries will now face both the standard US tariff and an additional reciprocal tariff, raising overall duties significantly, the GTRI said, adding countries facing higher tariffs (25-30 per cent) include India, Brunei, Kazakhstan, Moldova, and Tunisia. India's export competitors-- Bangladesh, Sri Lanka, Taiwan, and Vietnam -- face a 20 per cent duty.
Source: The Economic Times
Piyush Goyal addressed the Lok Sabha regarding US tariffs on Indian goods. This followed Donald Trump's remarks about India's economy and relationship with Russia. Goyal affirmed the government's commitment to protecting Indian farmers, workers, and entrepreneurs. The US is levying 25% tariffs due to concerns over India's trade and energy ties with Russia.
Source: The Economic Times
The US has announced a 20% tariff on Sri Lankan exports, a significant reduction from the initial 44% proposed in April. Sri Lankan officials are actively negotiating for further reductions before the August 7th implementation date. Exporters, who annually ship approximately USD 3 billion worth of goods to the US, hope for tariffs below 20% to maintain competitiveness.
Source: The Economic Times
Indian exporters are concerned about the potential impact of the 25% tariffs imposed by the US starting August 1st, along with an unspecified penalty. American buyers are reportedly cancelling or holding back orders, awaiting clarity on the new tariffs.
Source: The Economic Times
President Trump announced a 25% tariff on India, effective August 7th, citing trade imbalances and India's ties with Russia, including military equipment and energy purchases. This action is part of a broader move imposing tariffs on nearly 70 nations, with rates varying from 10% to 40%. Trump also criticized India's membership in BRICS, viewing it as an anti-US grouping.
Source: The Economic Times
The US has announced a 20% tariff on Sri Lankan exports, a significant reduction from the initial 44% proposed in April. Sri Lankan officials are actively negotiating for further reductions before the August 7th implementation date. Exporters, who annually ship approximately USD 3 billion worth of goods to the US, hope for tariffs below 20% to maintain competitiveness.
Source: The Economic Times
Textile exporters from hubs like Tiruppur have indicated that buyers in the US are making a pitch for high discounts, urging Indian manufacturers to shoulder part of the financial strain of tariffs.
Source: Business Standard
The United States’ decision to impose a 25 per cent tariff on imports from India has been deferred until 7 August. The industrial sector of Madhya Pradesh has given a mixed response to the new tariff. Some industrial bodies believe that, given the volume of exports from the state, the tariff will not have a significant impact, while others feel the state should begin exploring new export markets.
Major exports from Madhya Pradesh to the US include agricultural and pharmaceutical products, auto parts, textiles and jewellery.
Source: Business Standard
Producer prices of industrial products in Germany were 1.3 per cent lower year on year (YoY) and 0.1 per cent higher month on month (MoM) in June this year, according to the Federal Statistical Office (Destatis). In May, the YoY drop was 1.2 per cent.
Lower energy prices were the main reason for the YoY decline in producer prices in June. Intermediate goods were also less expensive than a year earlier. By contrast, durable consumer goods, non-durable consumer goods and capital goods cost more than in June 2024. When energy prices are excluded, producer prices in June 2025 rose by 1.3 per cent YoY and 0.1 per cent MoM, a Destatis release said. Energy prices in June 2025 were down by 6.4 per cent YoY and up by 0.3 per cent MoM. Capital goods prices in June were up by 1.7 per cent YoY and remained stable MoM. Non-durable consumer goods cost 3.6 per cent more YoY and 0.4 per cent more MoM in June 2025. Durable consumer goods prices were 1.7 per cent higher YoY and 0.2 per cent higher MoM in June. Intermediate goods prices were lower by 0.4 per cent YoY and 0.2 per cent MoM in June. Prices of basic chemicals were lower by 2.6 per cent YoY and 0.8 per cent MoM in June.
Source: Fibre2fashion
The economic sentiment indicator (ESI) picked up in both the European Union (EU: plus 1 point to 95.3) and the euro area (plus 1.6 points to 95.8) in July this year, according to surveys conducted by the European Commission.
The employment expectations indicator (EEI) stayed broadly unchanged compared to June in both areas: minus 0.3 points to 97.4 in the EU and plus 0.3 points to 97.5 for the euro area. Both indicators score below their long-term average of 100. The upturn in the ESI for the EU was driven by higher confidence in industry, services, retail trade and a marginal improvement in consumer confidence. Amongst the largest EU economies, the ESI improved markedly in France (plus 2.4), Spain (plus 2.2), Germany (plus 1.2) and, to a lesser extent, in Italy (plus 0.4), while it remained broadly stable in the Netherlands (minus 0.2) and decreased markedly in Poland (minus 2.1).
Source: Fibre2fashion
