The government has launched Market Access Support Scheme of ₹4,531 crore to strengthen Indian exporters in global markets.

Under this scheme, exporters will get financial and institutional support to participate in international trade fairs, exhibitions and buyer-seller meets.

This move comes at a time of increasing tariff pressure on Indian exports by the US, so that exporters can explore new markets and reduce dependency on any one geography.

This initiative is part of the ₹25,060 crore Export Promotion Mission. ₹500 crore has been earmarked for FY26. There is a special focus on MSMEs, 35% participation is mandatory, and small exporters with turnover up to ₹75 lakh will also get partial airfare support.

Overall, this scheme is a big step towards strengthening Indian exporters on the global stage.

Chief Economic Advisor on Indian Economy: Chief Economic Advisor (CEA) V. Ananth Nageswaran said on Friday that the country’s economic growth rate is expected to be more than 6.8% in the current financial year. He said that the main reason for this has been the increase in consumption due to reduction in GST rates and relief in income tax.

In the economic review presented in Parliament in January, the real GDP growth rate for the financial year 2025-26 was estimated to be between 6.3 to 6.8%. Addressing a private news channel’s program ‘Global Leadership Summit 2025’, Nageswaran said that he easily sees a growth rate above 6.8%.

The country’s economy will boom

He further said that in August there were concerns that the growth rate may remain at the lower end of the 6 to 7% range, but now it is clear that it will go above 6.5% and possibly even above 6.8%. However, before estimating 7%, we will have to wait for the second quarter data.

It is noteworthy that India’s GSP growth rate in the first quarter of the current financial year was 7.8%. This growth was mainly possible due to the better performance of the agriculture sector and the strength of sectors like trade, hotels, financial services and real estate. Earlier, the highest GDP growth of 8.4% was recorded in the January-March 2024 quarter. At the same time, China’s growth rate was 5.2% in the April-June quarter. Thus, India still remains the fastest growing large economy in the world.

India-US deal expected soon

Nageswaran said that if India-US bilateral trade agreement (BTA) is reached, it will provide additional impetus to economic growth. He said that if a solution is found on the trade front, the growth forecast may go higher. Also expressed hope that the agreement would be completed soon, although no deadline was given for this.

At present, America has imposed a high tariff of 50% on goods imported from India from August 27, with an additional penalty of 25% for purchasing crude oil from Russia. While imposing this customs duty on August 7, US President Donald Trump had said that India has harmed American interests by continuing to import oil from Russia and maintaining trade barriers.

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Us tarifs on brazil: The US has boiled the biggest tariff bomb over BRICS member country Brazil. US President Donald Trump announced on July 9 to impose a 50 percent heavy tariff on Brazil. Prior to this, he had announced to put up high tariff rates over 5 countries, including 30 percent on Algeria, Libya, Iraq and Sri Lanka, while 25 percent on Brunei, Moldova and 20 percent tariffs on the Philippines. New rates of tariffs on all of them will be affected from August 1.

President Lula’s Warning

Here, Brazilian President Luiz Eneasio Lula Dr. Silva, who furious with President Trump’s heavy tariff, has threatened to take retaliation against it. He said that if America will increase the import duty by unilaterally by putting tariffs, then Brazil will also retaliate. Trump has also criticized the trial against former Brazilian President Zaar Bolsonaro and the behavior of him. Significantly, Bolsonaro is currently facing the trial of Takhtapat’s conspiracy.

Business conflict will increase

Significantly, the Brazilian BRICS group is a member of the countries, whose members are members along with Russia and China. Tariff letters are being sent by President Trump to those countries, which have not yet done any trade deal with America. Trump has to reduce his trade deficit, for this they are trying to create a constant pressure fee.

For the first time this year, on 2 April this year, President Trump was announced to put Tariff on the countries around the world. However, he was stopped for three months. But now the deadline of this tariff has been extended to 1 August. In such a situation, uncertainty is being seen once again in the international market.

Also read: Trump’s tariff is showing money unaware of the threats, the dollar was shown for the third consecutive day

Yemen’s Hauthi Rebels Attack: Huti rebels of Yemen launched a dangerous attack on a bulk career ship named Magic Ceae in the Red Sea on 6 July 2025. The ship was flagged and Greek owned by Liberia. The huts attacked it with drones, missiles, rocket-blankets and small weapons. In a few moments, the ship caught fire and after a severe explosion, he broke into two pieces and drowned.

Video of attack also released
Huti rebels also released a video of this attack, in which there can be a strong explosion on the ship. In the video, the ship is seen burning and finally gets into the sea. The huts took responsibility for this attack and said that the ship was violating their blockade on Israel.

Breaking

Yemeni Forces Released Footage of Raiding and Blowing Up the Bulk Carrier Magic Seas for Violating The Block imposed on Israel pic.twitter.com/abstsugmpl

– Iran Observer (@Iranobserver0) July 8, 2025

3 killed, many injured
The European Union’s naval mission ‘Operation Empids’ on Tuesday confirmed that 3 sailors were killed and 2 were injured in the attack, one of which lost his leg. The 22 crew members on the ship jumped from the ship after saving their lives and later rescued safely. Armed security personnel retaliated but could not stop the loss.

Global trade shock
The attack took place when the ship was moving towards the Suez Canal. This area is very important for global trade. Frequent attacks on trading ships of huts are affecting the global supply chain. He says that these attacks are being carried out in support of Hamas, who are associated with Israel-Hamas struggle.

International concern
After this attack, the international community has condemned this action and appealed to reduce the increasing tension in the area. This attack not only challenges maritime security, but is also more entangled in the already complex geopolitical situation of the Middle East.

Trump Tariff: After the BRICS 2025 conference held in Brazil, the geopolitical atmosphere has been heated. US President Donald Trump has warned the BRICS countries of adopting “anti -America policies” to impose an additional 10% tariff on 12 countries. China has reacted strongly to this. China has clearly stated that the BRICS group does not want conflict, but it is wrong to use tariffs as political pressure.

China’s US two
During the regular press briefing in Beijing, Chinese Foreign Ministry spokesman Mao Ning said, there is no victory in the tariff and trade war. Protectionism is not the way forward. China criticized the US using tariffs as a political weapon and said that this strategy would not be beneficial for anyone.

Trump’s warning
Trump has spoken of giving economic punishment to those countries which are standing with anti-American policies of BRICS. Aerial attacks on Iran’s military and nuclear bases by the US and Israel at the BRICS conference were called “illegal”. This move of BRICS is considered to be the hardest collective condemnation ever on Western military action. Trump said that countries supporting such proposals should be ready to suffer economic consequences.

Concern over Iran and Gaza, condemnation of terrorism
Apart from Iran’s issue, the Gaza war was also discussed in the conference. BRICS countries raised concerns over unilateral military actions and emphasized the need for peace. At the same time, the terrorist attack in Pahalgam in Jammu and Kashmir, India was also strongly condemned. BRICs demanded strict action on cross -border terrorism and terror financeing networks.

Stress grows behind Trump’s threat
Trump said that he has prepared tariff notices for 12 countries which have been signed and ready. These letters will be issued at 12 noon (EST) on Monday afternoon. This threat has come at a time when the temporary ban on the new policy of tariff in the US ends on 9 July. Earlier on April 2, Trump had announced to increase the tariff on all business partner countries, causing diplomatic disputes around the world.

Donald Trump News: US President Donald Trump is going to impose new tariffs from April 2. He is planning to tax the import of car and car parts. Trump is saying ‘Liberation Day’ on 2 April. He says that he will impose equal tax on the business partners, whose business policy does not seem right.

Earlier, Trump has also taxed the import of steel and aluminum. He has also imposed tax on goods coming from Canada, China and Mexico. Now it is indicated that he will also impose tax on countries in Asia, Europe and South America, who sell more things to America but buy less from America.

This tariff will be applicable from April 2

Donald Trump has said that he will impose 25% tariffs on motor vehicles, which will start from April 2. He told that the tariffs on the parts of the car will be applicable later. The US imports about 80 million cars every year, which costs around $ 240 billion. Apart from this, the US has also imposed 25% tariffs on imports from Canada and Mexico since March 4 and 10% tariff has been imposed on energy imports from Canada.

Other countries are also imposing tariffs

Motor vehicles and their parts are made under the Free Trade Agreement of America-Mexico and Canada, so they are kept separate from tariffs. But this is the same as long as the custom offices of America do not create a system of imposing new duty. The White House says that the purpose of imposing tariffs on Canada and Mexico is to prevent their governments from entering illegal migrants and illegally formed by entering the US.

On February 4, the US imposed a 10% tariff on goods coming from China, which was increased to 20% on March 4. However, the shipments that cost less than $ 800 have been kept separate from this tariff. In response, China has imposed 10 to 15% tariffs on US goods, including agricultural equipment. Canada has also imposed tariffs on US goods worth more than $ 40 billion in reply, while Mexico has avoided putting tariffs. Apart from this, on March 12, the US has imposed 25% tariffs on steel and aluminum coming from any country in the world.

These countries have an impact

This decision of America has affected Canada, Brazil, Mexico, South Korea, Vietnam and Japan as these countries send steel and aluminum to the US. The European Union has also decided to impose tariffs on US goods worth $ 28 billion from 1 April, including Borbon Whiskey, Motorbikes and Boat.

From March 25, the US has imposed 25% tariffs on goods coming from countries that buy oil from Venezuela. The White House says that they want to pressurize the ‘corrupt’ government of the country. According to research company Moody’s Analytics, the current tariffs are on a total of $ 1.4 trillion worth of goods. This has increased the average US tariff rate on imported goods to 10%, the highest level after World War II.

Which new tariffs will be applicable from April 2?

Trump is repeatedly saying ‘Liberation Day’ on 2 April. He wrote on social media platform Truth Social, “April 2 will be Liberation Day in America.” He said, “Every country in the world has looted us for many decades-whether they are friends or enemies. Now the time has come that America will get its honor and money back.” During the election campaign, Trump had said that 10 to 20% discount will be given in tariffs on their goods that enter America. Recently, he talked about putting a reciperook tariff and said, “They charge us, so we will also levy them.”

However, in an interview to Newsmax TV on March 24, he said that his stand could be soft about this scheme and many countries can be given relief. He said, “Some countries will be kept separate. We will levy less fees from the fee they pay on us.” According to the CNBC report, the White House has said that they can leave a plan to put tariffs on those countries who impose value added tax on their goods.
Kevin Haset, director of the US Economic Council, said, “I see that the market is hoping that big tariffs will be installed on a few countries.”

Know how the effect of tariff will be will be

The tariff will affect both America and other countries. Economists believe that imposing tariffs will increase the prices of things for American consumers and the production cost of American companies will also increase. American exporters will also be harmed by putting tariffs in response to other countries. According to Moody’s Analytics, due to tariff, America’s economy may fall by 0.6% in the coming year and will also lead to 2.5 lakh jobs. Moody’s Analytics also stated that Canada and Mexico are very dependent on the US market for their imports, so they too may have to pay a heavy price for this tariff and it will be difficult to escape the recession.

India US Trade: US President Donald Trump has expressed hope for the Indo-US trade talks and praised the leadership of Prime Minister Narendra Modi. During the swearing -in ceremony of American Attorney Elina Habba in New Jersey, Trump described PM Modi as a very clever person ‘and’ great friend ‘. He said that PM Modi had recently come to America and friendship between the two countries has been formed for a long time.

President Trump said that India is one of the highest tariffs in the world. He also said that Prime Minister Modi is a very skilled leader and he is very hopeful about America’s relations with India. Trump expressed confidence that positive results will be revealed regarding the business agreement between the two countries.

Announcement of 25 percent tariff

In an important policy announcement from the Oval office on Thursday (March 27), Trump announced 25 percent tariff on imported vehicles in America. This tariff will be applicable from April 2 and will affect about half of all the vehicles sold in the US. According to Trump, this decision has been taken to promote domestic manufacturing.

Target on India over trade policies

The US President had earlier targeted India’s trade policies earlier. He had said that India’s tariffs are the highest in the world and make it difficult to do business. In February, Trump announced that the US would soon impose mutual tariffs on countries like India and China. He had said that if a country imposes tariff on America, then America will also adopt the same policy.

Special objection to automobile tariff

Trump specifically questioned India’s automobile tariff. He said that India imposes more than 100 percent tariffs on imported vehicles from America which is unfair. Addressing the joint session of the US Congress, Trump clarified that it will be implemented from April 2. He said that America has been harmed by other countries for decades, but now it will not tolerate it any more.