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India and US signal progress on trade deal as final gaps get negotiated in Washington

India and US signal progress on trade deal as final gaps get negotiated in Washington

The US says India and Washington are making progress toward a finalized trade deal as both sides meet in Washington, DC. A senior US official told ANI that new negotiations are underway, with Indian delegates present to resolve remaining gaps in the agreement. The comments suggest momentum after ongoing discussions, even as key issues still require agreement.

Summarised by Beize from a story on Republic on 24 Apr 2026
Trumpian claims on India are flagged as statistics sabotage and tariffs risk global trade stability

Trumpian claims on India are flagged as statistics sabotage and tariffs risk global trade stability

Alan Blinder, former Federal Reserve vice chair, sharply criticizes Donald Trump’s approach to economics and rhetoric, arguing that tariffs are contractionary and that political pressure is undermining trust in American statistics. Blinder also warns that the US retreat from globalization could worsen uncertainty and weaken the future of global trade, with ripple effects beyond India and the US.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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US recession odds triple as Trump tariffs bite threatens global prosperity Jeffrey Frankel warns

US recession odds triple as Trump tariffs bite threatens global prosperity Jeffrey Frankel warns

Harvard economist Jeffrey Frankel says the US faces recession odds about three times the usual level amid Trump’s tariff push. He argues tariffs could mean slower growth alongside higher prices, weaken capital formation, and add uncertainty around the dollar. Frankel also warns that dismantling post-war trade rules could ripple outward, even if some voters still back the plan.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
India and New Zealand FTA set for Monday signing as trade targets go big

India and New Zealand FTA set for Monday signing as trade targets go big

India and New Zealand are set to sign their Free Trade Agreement on Monday, April 27, after negotiations wrapped up last year. The deal is designed to sharply lift bilateral commerce, with both sides aiming to double trade to $5 billion within five years. It is also expected to provide tariff-free access for Indian goods, reshaping market access quickly.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
India’s draft electricity reform bill may raise bills under profit and competition promises

India’s draft electricity reform bill may raise bills under profit and competition promises

India’s Draft Electricity (Amendment) Bill, 2025 is pitched as a reboot for efficiency and competition. But critics warn the structure could realign risks and costs toward consumers, turning “power for profit” into a quiet tariff shift. The question: will discoms get a breather—or will households quietly foot the bill?

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
USTR Greer calls India a tough nut as US trade talks end in recalibration

USTR Greer calls India a tough nut as US trade talks end in recalibration

US Trade Representative Jamieson Greer said India is a “tough nut to crack” as US and India negotiators wrapped up talks toward a bilateral trade agreement. India is pushing to protect agricultural markets, while the sides still need to agree on specific products such as distillers dried grains (DDGs). A US Supreme Court ruling against reciprocal tariffs has forced the deal to be recalibrated.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Stealthy wealthy are rising in America as tax cuts favor private business over ordinary workers

Stealthy wealthy are rising in America as tax cuts favor private business over ordinary workers

Princeton economist Owen Zidar points to a growing class of “stealthy wealthy” Americans: private business owners who build wealth gradually. He argues U.S. tax cuts disproportionately help this group, while support for lower-income households shrinks—fueling inequality. Zidar also urges investment in the young for long-term prosperity and questions whether tariffs are a sound revenue plan.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
India engineering exports hit record 122 43 billion as WANA shipments plunge 51 amid tensions

India engineering exports hit record 122 43 billion as WANA shipments plunge 51 amid tensions

Indian engineering exports reached a record US$122.43 billion in FY26, with the US remaining the biggest destination even amid tariffs. Shipments to West Asia and North Africa fell 51% amid rising regional tensions. While exports to the UAE and Saudi Arabia declined, Germany, the UK, and China powered growth.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
India UK FTA Explained How scotch and cars could get cheaper for Indian buyers

India UK FTA Explained How scotch and cars could get cheaper for Indian buyers

The India UK free trade agreement is set to eliminate or slash tariffs on a range of goods and services, opening doors for Indian exporters and potentially reducing costs for buyers in India. Labour-intensive sectors like textiles, marine products, leather, footwear, and pharmaceuticals are expected to benefit most, while imported items may see price relief through lower trade barriers.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Bitcoin slides toward 90000 after losing 92000 on Trump tariff shock

Bitcoin slides toward 90000 after losing 92000 on Trump tariff shock

Bitcoin slipped toward $90,000 after failing to hold gains above $92,000 following Donald Trump’s announcement of a 25% tariff on countries trading with Iran. Investors turned cautious as geopolitical worries boosted gold and silver and over $650 million flowed out of Bitcoin ETFs, leaving BTC and ETH trapped in a narrow, indecisive range.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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US India trade deal cuts tariffs to 18 but still leaves big economic pain points behind

US India trade deal cuts tariffs to 18 but still leaves big economic pain points behind

The India US trade deal is set to lower tariffs to 18%, reducing uncertainty and boosting exports, the rupee, and overall sentiment—at a scale that could rival the EU pact. But the tariff level is still far above pre Trump rates, and key hurdles remain, including FDI, capital flow pressure, and higher energy costs.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Airtel and Vodafone Idea hike telecom tariffs again—will Jio follow or stay silent to grab subscribers

Airtel and Vodafone Idea hike telecom tariffs again—will Jio follow or stay silent to grab subscribers

After pandemic-era disruption, Airtel has moved to hike telecom tariffs, a move seen as beneficial for the broader industry and crucial for Vodafone Idea’s recovery. With Vodafone Idea and Airtel pushing higher prices, the question now is whether Reliance Jio will mirror the tariff hikes—or quietly hold course to pursue its 500 million subscriber target.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Trump warns Starmer of big tariffs unless Britain keeps its digital services tax

Trump warns Starmer of big tariffs unless Britain keeps its digital services tax

Donald Trump has warned Prime Minister Keir Starmer that Britain could face big tariffs if the UK withdraws its 2% digital services tax. Trump calls the measure unfairly targeting American tech companies. The UK introduced the tax in 2020, and it has drawn criticism from both Trump and Joe Biden, putting UK-US trade ties under pressure.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Electricity tariff reform could slash industry costs and restart profit cycles across key sectors

Electricity tariff reform could slash industry costs and restart profit cycles across key sectors

India’s Draft Electricity (Amendment) Bill, 2025, proposes ending cross-subsidies, enabling private distribution, and setting tariffs closer to actual costs. If implemented, industrial power bills—especially for energy-intensive players like steel, cement, aluminium, and data centres—could fall, lifting margins. States with currently “distorted” tariffs are expected to benefit the most from the reset.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Elon Musk on tariffs and H1B visas on Nikhil Kamath podcast reveals surprising DOGE role

Elon Musk on tariffs and H1B visas on Nikhil Kamath podcast reveals surprising DOGE role

Tesla chief Elon Musk discusses tariffs, H-1B visas, and his unusual involvement with the newly referenced Department of Government Efficiency (DOGE) during Nikhil Kamath’s podcast. Musk calls it an “interesting side quest” that exposed how US government works. He also says he attempted to persuade Donald Trump that tariffs could harm the economy, but wasn’t successful.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
India lets export zones sell locally to shield firms from rising trade shocks

India lets export zones sell locally to shield firms from rising trade shocks

From April 2026 to March 2027, India will allow export zones to sell products locally. The move is designed to help exporters cope with rising tariffs and supply-chain disruptions tied to the Middle East conflict, while improving use of SEZ capacity and reducing dependence on expensive imports. The policy could shift how firms balance export orders with domestic sales.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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