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India-Oman trade pact: Govt's 'Plan B' amid Hormuz crisis

Middle East chaos has kept the crucial Strait of Hormuz squeezed for over three months now, disrupting one of the world's busiest energy corridors, sending ripples across nations. But amid the chaos, India may have quietly found a Plan B — Oman. India's free trade agreement with Oman, which comes into effect on June 1, could help keep trade and energy supplies flowing when the Gulf region hits a rough patch, according to the Global Trade Research Initiative (GTRI).

Times of India 9d ago

Trump’s 12.5% additional tariffs move under Section 301: What does it mean for India

Two days after Commerce minister Piyush Goyal said that the India-US trade deal was now down to finalising the ‘commas and full stops’, the Donald Trump administration has proposed to impose additional tariffs on countries under its Section 301 probe. India is one of the many countries that has been named. The Section 301 probe launched by the US in March 2026 is a known variable in India’s trade deal talks with America.

Times of India 7d ago

US proposes action against 60 countries over forced labour concerns: Why India is on the list

India and the United States may be 99% closer to signing the BTA, but a new proposal from Washington suggests that the trade story isn't quite finished yet. The United States Trade Representative (USTR) on Wednesday named India among countries that could face additional tariffs over concerns about preventing goods linked to forced labour from entering global supply chains. The proposal follows one of 60 investigations conducted under Section 301 of the US Trade Act of 1974.

Times of India 7d ago