https://www.scmp.com/rss/523523/feed The latest news and top stories on the Global Trade Research Initiative. A prominent New Delhi, India-based research institute, the Global Trade Research Initiative (GTRI) is dedicated to providing high quality jargon-free outputs for governments and industry, focusing on development and poverty reduction. Its main areas of activity include climate change technology and trade policy. GTRI is recognised for its insightful analysis on global trade dynamics, notably highlighting the significant... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Joseph Sipalan,Biman Mukherji Joseph Sipalan,Biman Mukherji Malaysia’s government has been forced onto the defensive over its much-touted tariff deal with the United States, after a minister walked back an earlier claim that the agreement had been rendered “null and void” by a US Supreme Court ruling. Prime Minister Anwar Ibrahim’s administration signed the deal in October, promising US$240 billion in investments and purchases of American goods, including beef and aircraft, in exchange for continued access to the world’s largest consumer market at a... https://www.scmp.com/week-asia/economics/article/3346749/confusion-over-malaysia-us-trade-deal-null-and-void-claim-retracted?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3346749/confusion-over-malaysia-us-trade-deal-null-and-void-claim-retracted?utm_source=rss_feed Mon, 16 Mar 2026 09:14:40 +0000 Biman Mukherji Biman Mukherji India wants 100 gigawatts of nuclear capacity by mid-century. It currently has roughly 8GW. Getting there will require not just capital, technology and political will, but a reliable fuel supply that domestic production alone cannot provide. The 10-year uranium agreement signed on Monday when Canada’s Prime Minister Mark Carney met his Indian counterpart Narendra Modi in New Delhi is designed to address exactly that constraint. Analysts say it is a structural commitment – one intended to meet... https://www.scmp.com/week-asia/politics/article/3345211/indias-100gw-nuclear-push-was-missing-one-thing-canada-just-provided-it?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3345211/indias-100gw-nuclear-push-was-missing-one-thing-canada-just-provided-it?utm_source=rss_feed Tue, 03 Mar 2026 04:14:45 +0000 Biman Mukherji Biman Mukherji Canadian Prime Minister Mark Carney’s coming trip to India is expected to further efforts for a diplomatic reset and strengthen Canada’s trade links with the world’s fourth biggest economy. Carney arrives in New Delhi on Thursday, as part of a regional tour that also takes in Australia and Japan. Analysts see this as a clear signal of Ottawa and Delhi’s shared intent to prioritise economic ties. Canada has positioned its talks with India as a key step in diversifying trade and reducing reliance... https://www.scmp.com/week-asia/politics/article/3344592/canadas-carney-push-pragmatic-reset-india-trade-and-diplomacy?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3344592/canadas-carney-push-pragmatic-reset-india-trade-and-diplomacy?utm_source=rss_feed Wed, 25 Feb 2026 09:08:53 +0000 Bloomberg Bloomberg India’s imports of Russian oil could almost halve from already weaker recent levels, according to people with direct knowledge of the purchases, after US President Donald Trump issued an order detailing some terms of a trade deal between the two nations. All state-owned and private refiners, with the exception of Nayara Energy Ltd, had paused buying any spot cargoes since Trump first mentioned the deal in a social media post about a week ago, according to the people, who asked not to be named... https://www.scmp.com/news/asia/south-asia/article/3342959/indias-oil-imports-russia-snared-trump-order-tariff-threat?utm_source=rss_feed https://www.scmp.com/news/asia/south-asia/article/3342959/indias-oil-imports-russia-snared-trump-order-tariff-threat?utm_source=rss_feed Mon, 09 Feb 2026 13:16:02 +0000 Reuters Reuters The ‍United States could raise tariffs on India if New Delhi does not meet Washington’s demand to curb purchases of Russian oil, US President Donald Trump said on Sunday, escalating pressure on the South Asian country as trade talks remain inconclusive. “[Prime Minister Narendra] Modi is a good guy. He knew I was not happy, and it was important ⁠to make me happy,” Trump told reporters aboard Air Force One. “They do trade, and we can raise tariffs on them very quickly,” Trump said in response to... https://www.scmp.com/news/asia/south-asia/article/3338787/india-faces-new-tariff-hikes-trump-demands-end-russian-oil-imports-amid-trade-talks?utm_source=rss_feed https://www.scmp.com/news/asia/south-asia/article/3338787/india-faces-new-tariff-hikes-trump-demands-end-russian-oil-imports-amid-trade-talks?utm_source=rss_feed Mon, 05 Jan 2026 10:10:59 +0000 Reuters Reuters Indian agricultural exporters are among the winners from US President Donald Trump’s exemption of dozens of food items from his reciprocal tariffs, which some analysts say could help revive lost demand. Trump on Friday removed tariffs he had imposed on more than 200 food products, including beef, as consumer concerns mount over rising US grocery prices. Unlike EU and Vietnamese suppliers facing 15-20 per cent duties, Indian exporters of tea, coffee, spices and cashew nuts were hit harder after... https://www.scmp.com/news/asia/south-asia/article/3332995/trump-exempts-indian-items-tariffs-amid-rising-consumer-costs?utm_source=rss_feed https://www.scmp.com/news/asia/south-asia/article/3332995/trump-exempts-indian-items-tariffs-amid-rising-consumer-costs?utm_source=rss_feed Sun, 16 Nov 2025 13:23:36 +0000 Eric Ng Eric Ng Global trade has withstood the test of the Trump administration’s tariff hikes and is expected to continue to hold up in the next few years, albeit at a slower growth pace, according to new research. Global trade volume would grow at an average annual rate of 2.5 per cent between this year and 2029, according to a special update of the DHL Global Connectedness Tracker published on Tuesday. The figure roughly matches the pace in the previous 10 years, but is slower than the 3.1 per cent rate... https://www.scmp.com/business/china-business/article/3328862/trumps-century-high-tariffs-will-slow-global-trade-growth-not-kill-it-dhl-nyu-study?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3328862/trumps-century-high-tariffs-will-slow-global-trade-growth-not-kill-it-dhl-nyu-study?utm_source=rss_feed Tue, 14 Oct 2025 09:00:09 +0000 Agence France-Presse Agence France-Presse Indian Prime Minister Narendra Modi received warm congratulations from US President Donald Trump on his birthday on Tuesday and praise for his efforts to end Russia’s war in Ukraine, as tense trade talks continued between the two countries. “Thank you for your support on ending the War between Russia and Ukraine!” Trump said in a social media post, describing his call with Modi as “wonderful” and praising India’s leader for doing a “tremendous job”. Modi, also on social media, thanked Trump for... https://www.scmp.com/news/world/united-states-canada/article/3325782/trump-and-modi-exchange-warm-words-amid-tense-us-india-trade-talks?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3325782/trump-and-modi-exchange-warm-words-amid-tense-us-india-trade-talks?utm_source=rss_feed Tue, 16 Sep 2025 19:31:59 +0000 Debasish Roy Chowdhury Debasish Roy Chowdhury China and India are having a bit of a moment. Five years after a fatal confrontation on their unresolved border pushed relations over the edge, the two sides are rushing towards a detente. They are restoring peace along the border, reversing trade and investment curbs, easing visa restrictions to promote business and tourism, resuming direct flights and orchestrating a flurry of high-level official visits to formalise the thaw. This weekend, Indian Prime Minister Narendra Modi is visiting China... https://www.scmp.com/week-asia/politics/article/3323704/china-and-india-love-time-cholera?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3323704/china-and-india-love-time-cholera?utm_source=rss_feed Sat, 30 Aug 2025 06:30:08 +0000 Agence France-Presse,Associated Press Agence France-Presse,Associated Press Steep US tariffs on a range of Indian products took effect on Wednesday, threatening a severe blow to India’s overseas trade in its largest export market. US President Donald Trump had initially announced a 25 per cent tariff on Indian goods. But earlier this month, he signed an executive order imposing an additional 25 per cent tariff due to India’s purchases of Russian oil, bringing the combined tariffs imposed by the US on its ally to 50 per cent. The Indian government estimates the tariffs... https://www.scmp.com/news/asia/south-asia/article/3323371/indias-exporters-face-strategic-shock-us-tariffs-over-russian-oil-kick?utm_source=rss_feed https://www.scmp.com/news/asia/south-asia/article/3323371/indias-exporters-face-strategic-shock-us-tariffs-over-russian-oil-kick?utm_source=rss_feed Wed, 27 Aug 2025 10:05:37 +0000