Trade Deficit Archives - National Times

12 Mar

Canada’s Trade Deficit Triples in January as Auto Exports Stall

Rajeev Sharma0 CommentsBusiness, CanadaAuto Exports, Canada trade, energy trade, StatCan, Trade Deficit

Ottawa (Rajeev Sharma) — Canada’s merchandise trade deficit widened significantly to C$3.65 billion in January 2026, far exceeding the C$900 million gap analysts had forecasted. According to data released by Statistics Canada on Thursday, March 12, the deficit nearly tripled from December’s revised C$1.3 billion, marking the largest percentage decline in exports in nearly a year. The primary driver behind the widening gap was a sharp 21.2% plunge in the export of motor vehicles and parts, which hit its lowest level since September 2021. Officials attributed the decline to "prolonged seasonal production stoppages" as Canadian plants underwent extensive retooling for…

Exports Hit USD 69.16 Billion in August, Deficit Shrinks Sharply

Rajeev Sharma0 CommentsBusinessIndia exports August 2025, merchandise exports, Trade Deficit

New Delhi: India’s combined exports of goods and services climbed to USD 69.16 billion in August 2025, registering a 9.34% increase from USD 63.25 billion in the same month last year, according to the Union Commerce Ministry.Merchandise shipments rose from USD 32.89 billion to USD 35.10 billion, while services exports advanced from USD 30.36 billion to USD 34.06 billion during the month.Imports fell to USD 79.04 billion in August, down from USD 84.99 billion in August 2024, leading to a trade deficit of USD 9.88 billion — less than half of the USD 21.73 billion recorded a year earlier.Between April…

US Suspends Additional Tariffs on Indian Goods Until July 9, Baseline Duties Remain

Rajeev Sharma0 CommentsWorld NewsDonald Trump, India exports, Steel Tariffs, Trade Deficit, US tariffs

New Delhi, April 10, 2025: In a temporary relief to Indian exporters, the United States has suspended its newly imposed 26% additional tariffs on Indian goods for 90 days, effective April 10. The suspension will last until July 9, 2025, according to an executive order from the White House.President Donald Trump had announced steep reciprocal duties on April 2 targeting 60 countries, including India, with the aim of curbing the trade deficit and bolstering American manufacturing. India was among the hardest hit, with tariffs impacting sectors such as shrimp, steel, aluminium, and auto components.However, the suspension applies only to the…