The Latest Breaking News from MFN

Is India a “shadow transshipment” hub? The data says otherwise

Between 2014 and 2024, India’s goods exports to the US grew 1.86 times, while US exports to India grew 1.94 times. A rising two-way relationship, with India’s global exports also up 1.36-fold, is hard to square with a “mere pass-through” story tailored to one market.

The Economic Times · 18h ago

Goyal at G20: India opposes making MFN conditional on WTO obligations

Union Minister Piyush Goyal represented India at the G20 Trade Ministers' Meeting, emphasizing the importance of the Most-Favoured-Nation principle. He stated that equal trading terms are essential for both large and small traders. Goyal expressed India's commitment to addressing trade distortions through WTO-compliant measures and preserving developing countries' policy space…

The Economic Times · Oct 2

Greer urges G20 to back Trump tariff agenda, takes aim at China

US Trade Representative Jamieson Greer urged G20 major economies to refrain from coercive food trade actions. He emphasized the need to tackle industrial overcapacity and reassess the existing tariff system. Greer highlighted concerns regarding China's industrial policies contributing to excess capacity in global markets. Discussions among G20 members included potential…

The Economic Times · Oct 1

Prospective Legal Challenges to Trump's Section 338 Tariffs Against Canada

A guest post by Georgetown legal scholars Peter E. Harrell and Jennifer Hillman.

Reason · Aug 3

US Sec 301 tariffs unlikely to hit India's exports, textiles need close watch, says FIEO chief

India's exports face minimal impact from new United States tariffs, according to FIEO. The nation is placed in the lower ten percent tariff category by the US. However, the textile sector requires close monitoring for future tariff-rate quotas. Products already under Section 232 tariffs will not be affected by this…

The Economic Times · Jul 24

Warren Says Trump's Law Pushed 2 Million-Plus Children Off Medicaid, CHIP Across States

Sen. Elizabeth Warren (D-Mass) said a law signed by President Donald Trump a year earlier has already pushed large numbers of children off Medicaid and the Children’s Health Insurance Program across dozens of states.

Benzinga · Jul 5

India-US trade deal enters crucial phase as Section 301 and tariff deadline loom large

India and the US are in the final stages of trade deal negotiations, with a July 24 deadline looming. A key sticking point is Section 301 of the US Trade Act, which India fears could lead to the re-imposition of tariffs. Experts suggest a 10% chance of missing the deadline,…

The Economic Times · Jun 25

India, US to hold ministerial-level talks on bilateral trade pact this week

In a significant development, India and the US are set to conclude the first phase of their trade agreement this week. Commerce Minister Piyush Goyal is scheduled to meet US Trade Representative Jamieson Greer, with discussions geared towards finalizing an interim deal before the July 24 deadline, coinciding with the…

The Economic Times · Jun 21

India-Oman trade pact creates strong export push for India's textile MSMEs: Govt

India's textile and apparel sector is poised for significant growth in Oman following the India-Oman Comprehensive Economic Partnership Agreement (CEPA). The pact grants immediate duty-free access on 945 textile and apparel lines, eliminating a 5% MFN duty. This move is expected to boost India's exports, valued at $95.

The Economic Times · Jun 3

Why India should rethink its opposition to WTO plurilateral deals

The 14th WTO ministerial conference highlighted a divide between multilateralism and plurilateralism. India advocates for multilateralism but faces a changing global trade landscape. The article suggests India should strategically engage with plurilateral agreements. This engagement should focus on MFN-based, open plurilaterals housed within the WTO. Such an approach allows India…

The Economic Times · Jun 2