The U.S. Commerce Department on Monday will reveal a preliminary decision on whether to impose anti-subsidy duties on solar cells and panels imported from India, Laos and Indonesia.
Indian and U.S. trade negotiators had been due to hold talks in Washington, D.C., this week.
A major trade breakthrough comes as the U.S. and India agree to cut tariffs on goods, with India committing to $500 billion in American purchases over five years.
The U.S. and India have reached a trade deal, President Donald Trump announced.
As part of its trade deal, India plans to cut import duties on European cars gradually to 10% from 70%-110% at present. The U.S. has criticized India for protecting its local auto industry from imports and has demanded lower tariffs on American car companies in the past.
India's trade deficit for December rose 21.4% year on year to $25 billion. As U.S. tariffs weigh on India, Beijing is emerging as New Delhi's top merchandise trade partner.
I recommend a pair trade: Buy iShares MSCI India ETF and short iShares MSCI China ETF, capitalizing on their negative correlation. INDA is rated Buy due to robust financial sector reforms, strong capital inflows, and projected earnings growth of 13.4%. MCHI is rated Sell, pressured by weak consumer discretionary demand, slowing fundamentals, and limited upside from recent stimulus.
With economic optimism rising and long-term drivers strengthening, these ETFs offer a smart way to tap the country's 2026 breakout potential.
Mexico's decision to raise tariffs as high as 50% will affect $1 billion worth of shipments from major Indian car exporters, including Volkswagen and Hyundai, despite industry lobbying to persuade New Delhi to prevent such a move, according to two sources and a letter from an industry group reviewed by Reuters.
The iShares MSCI India ETF has underperformed other ex-Russia BRICS ETFs in 2025, delivering only low single figure gains, whereas other EMs have presented substantially higher returns. INDA ETF appears cheap relative to its historical average, with a cross-sectional z-score of -0.51, suggesting potential value. Despite near-term headwinds, I see India's economy and stock market as poised for outlying returns over the next decade. Cyclical outperformance also seems likely.
Russian President Vladimir Putin will be in India on Dec 4-5 for the 23rd India-Russia annual summit. The countries are likely to extend cooperation in defense and civil nuclear sector.
The Indian economy grew faster than expected, at an annual rate of 8.2%, in the quarter ending September. The IMF projected sturdy medium-term growth for India despite prolonged uncertainty over a U.S.–India trade deal.