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India's merchandise trade deficit in May stood at $21.88 billion, according to a Reuters calculation based on export and import data released by the government on Monday. Economists had expected the May trade deficit to be $25 billion,
The tentative agreement between the White House and Beijing would, among other things, allow Chinese students into American universities again.
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China is becoming less and less interested in other countries’ goods. Its imports are stagnant even as exports soar, a result of sluggish consumption and Beijing’s all-out push to beef up domestic industries.
India expects to finalise a free trade agreement with the European Union by the end of this year, Prime Minister Narendra Modi said on Monday, while Cyprus, which assumes the EU presidency in 2026, said better ties would be its priority.
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Taiwan has added China's Huawei and SMIC to its trade blacklist in a move that further aligns it with U.S. trade policy and comes amid tensions with Beijing.
India's merchandise trade deficit narrowed sharply to $21.88 billion in May, on account of lower imports, government data released on Monday showed.