Green steel to China? Tell Twiggy he's dreamin'
Over the last 15 years, China has embarked on a single-minded mission to become the dominant force in global manufacturing, to become less reliant on Western supply chains and to make the West more reliant on its own. It has worked. China's manufacturing trade surplus has doubled over the past five years, reaching $1.9 trillion in 2024. China is on track to hold 45 per cent of global manufacturing capacity by 2030, up from 35 per cent in 2023. Trade dependency indicators have been reversed.
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Economic Times
2 minutes ago
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Trump's 25% Tariff on Indian Exports: A headline risk, not a structural threat
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Time of India
33 minutes ago
- Time of India
Trump's 25% Tariff on Indian Exports: A headline risk, not a structural threat
Sectoral Impact: Short-Term, Not Structural Live Events A Reality Check: The Numbers Tell the Story Strategic Positioning & Policy Backstop Implications for the Capital Market Conclusion (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The recent announcement by U.S. President Donald Trump of a proposed 25% tariff on select Indian exports has understandably stirred concerns among market participants tracking India's capital markets. While the headlines may sound alarming, it's important to put this development into perspective and assess its true economic me begin by stating clearly: this is not a significant threat to India's economic engine or its long-term investment there could be short-term headwinds for specific export-intensive sectors—particularly engineering goods, pharmaceuticals, auto components, textiles, and select metals and chemicals. These industries may face margin compression, supply chain friction, and temporary stock price the broader foundation of the Indian economy remains intact and resilient.*India's nominal GDP has crossed USD 4 trillion, positioning it as the fifth-largest economy in the world.*In FY 2024–25, India recorded total exports of USD 824.9 billion, which includes both goods and services. This constitutes roughly 20% of GDP, meaning that 80% of GDP is driven by domestic demand—a testament to India's robust internal economic activity.*Of the total goods exports, shipments to the U.S. stood at USD 87.4 billion, while imports from the U.S. were USD 41.8 billion.*Thus, exports to the U.S. account for just around 2% of India's GDP. Even if a subset of these is impacted by the tariffs, the macroeconomic fallout remains limited.*It's also worth noting that key growth sectors like IT services, digital exports, mobile phones, agri-tech, and clean energy remain largely untouched by these proposed tariff external trade diversification is another buffer. Exporters are actively expanding into markets across the Middle East, Africa, Southeast Asia, and Latin America, reducing over-reliance on Western diplomatic engagement continues. The 6th round of U.S.-India trade talks is scheduled for August 2025, and historical precedent suggests a realistic possibility of a rollback or sector-specific reprieve—as seen during earlier interactions with the Trump refusal to open its agriculture and dairy markets reflects a confident and principled trade stance. This underscores India's emergence as a credible global economic initiatives like Atmanirbhar Bharat, PLI schemes, infrastructure investments, and digital transformation are significantly boosting India's manufacturing competitiveness and supply chain independence. These initiatives act as policy cushions against external should differentiate between sentiment-driven volatility and long-term structural some export-led stocks may experience corrections in the near term, India's broader market indices remain supported by:*Robust domestic consumption*Stable macroeconomic indicators*Healthy credit growthMoreover, foreign portfolio investments (FPIs) continue to flow into domestic-facing sectors like financials, infrastructure, consumption, and energy transition, reaffirming global investor confidence in India's long-term proposed U.S. tariff is a tactical disruption, not a strategic derailment. With:*Low GDP exposure to impacted goods*Policy preparedness*Expanding trade partnerships, and*Strong domestic demandIndia is well-equipped to weather such external should view this episode as a short-term sentiment overhang—not a fundamental threat. The Indian growth story remains robust, broad-based, and attractively poised for the long term.
Sky News AU
33 minutes ago
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‘Unconscionable scenes' in Gaza have driven Western nations to recognise Palestine
Former Labor adviser Bruce Hawker says the 'completely unconscionable scenes' of starvation in Gaza has driven more Western nations to recognise a Palestinian state. 'Now, it's an opportunity for forward thinking governments around the world to say, how do we lay the groundwork for what was looking like a pretty good option back in the 1990s when Bill Clinton was the president and going towards this two-state solution between Palestine and Israel,' Mr Hawker told Sky News Australia. 'All of that has been set back horribly as a result of Hamas' attack on Israel in October last year and by Israel's response. 'How do we start resetting it all in a way that would allow, with goodwill on both sides, somewhere down the line for an independent Palestinian state to be established.'
