Topic
Trade
India's trade with the world: deals, deficits, exports and imports.
India-US Trade Deal's First Tranche Finalised, Goyal Says; Signing Awaits US Tariffs
Commerce Minister Piyush Goyal said on 15 October 2026 that the first tranche is in legal drafting, while Commerce Secretary Rajesh Agrawal said signing depends on the US tariff structure.
How the EU's 18.3 Million Tonne Steel Quota Works for Indian Exporters
Regulation (EU) 2026/1384 sets an 18.3 million tonne duty-free steel quota and a 50% duty above it. Indian exporters face the quota limit, and EU importers must provide melt-and-pour proof.
Seven Rare Earths Need China Export Licences; Pause on Wider Controls Ends 10 November
China requires export licences for seven rare earth elements and their magnets, a regime dating from April 2025. A suspension of wider controls ends on 10 November 2026.
How the EU Carbon Border Levy Is Worked Out for Indian Steel and Aluminium
The EU's carbon border mechanism charges importers for the emissions in their goods at the EU carbon price, net of free allowances and, once recognised, any carbon price paid abroad.
Petrol Export Duty Rises to ₹2.50 a Litre as Diesel Levy Is Cut to ₹8.50
Petrol's export duty rises to ₹2.50 a litre and diesel's falls to ₹8.50 from 16 October 2026. Domestic duties on fuel are unchanged.
Indian Goods Face 10% US Duty Since 24 July 2026; China and Vietnam Pay 12.5%
Indian goods face an extra 10% US duty since 24 July 2026, while China and Vietnam pay 12.5%. Exemptions and the reason for India's lower band are set out below.
China's Exports Rise 36.3% in September as Monthly Surplus Hits 3.5 Billion
China's exports rose 36.3% in September 2026. Chinese customs data put India's trade deficit with China at 5.93 billion for January to September.
