India-U.S. BTA: 40 Lakh Soybean Farmers, Apple Growers Affected by Tariff Elimination on US Imports

India, New Zealand Sign FTA: Key Tariff Cuts on Dairy, Pharma & Trade Pact Details

India and New Zealand have signed a Free Trade Agreement (FTA) aimed at boosting bilateral trade. This editorial analyzes the strategic timing, sectoral impacts (dairy, pharma, services), and the geopolitical context of the deal, which is crucial for understanding India's evolving trade policy and its implications for domestic industries.

Russia's Share in India's Oil Imports Hits 48% as U.S. Senate Passes 100% Tariff Bill

India’s dependence on Russian oil has hit a record 48% of total crude imports in June 2026, even as the U.S. Senate passed a bill to impose up to 100% tariffs on top buyers of Russian oil. This creates a strategic dilemma for India—balancing energy security with potential U.S. sanctions exposure—making it a high-priority topic for Economy and IR questions in exams.

Global Refinery Attacks Spike Sulphur Prices Above $1,000/Tonne; Threatens India's Phosphatic Fertiliser Supply

The energy crisis has shifted from crude oil supply to refined products. Attacks on refineries in Russia and West Asia have caused sulphur prices to skyrocket from $200 to $1,000/tonne, severely affecting India's ability to manufacture phosphatic fertilizers. This distinct crisis poses a long-term threat to India's food security and fertiliser imports even as the country enjoys surplus refining capacity.

India Achieves Tariff Parity on Textile Exports with Bangladesh, Vietnam; Nine FTAs Cover $60 Trillion GDP

India's textile industry can no longer blame tariffs for poor export performance as Commerce Minister Piyush Goyal announced that India now enjoys tariff parity or advantage over competitors like Bangladesh and Vietnam in most developed markets, thanks to an expanding network of FTAs covering $60 trillion GDP.

US House Passes Bill Allowing 100% Tariff on Russian Oil Buyers; India Imports 45% Crude from Russia

The US House passed a bill allowing President Trump to impose up to 100% tariffs on countries importing Russian oil. India, which imports 45% of its crude from Russia, faces potential trade leverage as it negotiates a bilateral trade deal with the US.

US Passes Russia Sanctions Bill: 100% Tariff Threat on India Over Russian Oil Imports

The US House has passed a bill granting the President power to impose 100% tariffs on nations (including India) buying Russian oil. India, the second-largest buyer of Russian crude, has asserted its commitment to energy security for 1.4 billion people. This carries major implications for India-US bilateral ties and global energy markets.

US Russia Sanctions Act: 100% Tariff on Russian Oil Imports Threatens India's Exports

The U.S. has enacted a law allowing up to 100% tariffs on countries like India that import Russian oil, a significant escalation from previous executive orders. This poses a direct threat to India's export competitiveness, particularly for MSMEs, and forces a strategic policy choice between diversifying energy sources or facing economic consequences.

PM Modi's Dec 2026 Multi-Nation Visit Aims to Finalise India-Canada CEPA, India-EU FTA, US BTA

India is planning a high-stakes multi-nation visit by PM Modi in December 2026 to finalise three major trade agreements: the India-Canada CEPA, the India-EU FTA, and the India-US Bilateral Trade Agreement. The visit is timed around the G20 Summit in Miami, where key bilateral and Quad meetings are also expected.