US Tariffs

Commerce minister says agreement hinges on Washington providing tariff advantage against rival economies

India and the United States opened high-level trade talks on Tuesday aimed at salvaging and recalibrating a proposed bilateral trade agreement after changes in US tariff policy upended a framework negotiated earlier this year. Commerce and Industry Minister Piyush Goyal met US Trade Representative Jamieson Greer here as both sides sought to conclude an interim trade pact before July 24, when Washington's temporary 10 per cent tariff on imports from trading partners is due to expire. "Warm welcome to @USTradeRep Amb Jamieson Greer, @USAmbIndia Amb Sergio Gor and their delegation to @DoC_GoI. Looking forward to productive discussions on the bilateral trade agreement between (India & US)," Commerce and Industry Minister Piyush Goyal said in a post on X. Greer's two-day visit comes days after Prime Minister Narendra Modi and US President Donald Trump held their first meeting in more than a year on the sidelines of the G7 summit in France on June 17, injecting fresh momentum into trade

Commerce Minister Piyush Goyal says India does not negotiate trade agreements under deadlines as USTR Jamieson Greer arrives for talks on the interim trade deal

India should secure a trade deal with the US that preserves its export competitiveness amid uncertainty over Washington's evolving tariff regime

Commerce Minister Piyush Goyal said negotiations on the US trade deal are taking longer than expected due to a 50% tariff on Indian goods, while India continues to seek preferential market access

Why is India considering a sunset clause in its proposed US trade deal? Here's what the provision means and how it could help New Delhi navigate tariff uncertainty

US Trade Representative Jamieson Greer's trip to India this week may provide a preview of what countries with deals should expect

The issue currently pending is that our duties need to be lower compared to those of competing nations, said Piyush Goyal

The US has proposed new tariffs on India and 53 other economies over concerns related to forced labour-linked imports. Could this impact the ongoing India-US trade talks?

The US government can continue collecting the 10% worldwide tariff it imposed in February while legal challenges to the levies continue to work their way through the courts, a federal court ruled Thursday. The Court of Appeals for the Federal Circuit in Washington decision handed a procedural win to the Trump administration, concluding that its case was "likely to succeed on the merits.'' At issue are temporary 10% worldwide tariffs President Donald Trump imposed after the Supreme Court in February struck down even broader double-digit tariffs the president had imposed last year on almost every country on Earth. The new tariffs, invoked under Section 122 of the Trade Act of 1974, are set to expire July 24. Section 122, which had never been used to justify import taxes before, allows the president to impose worldwide tariffs of up to 15% for 150 days, after which congressional approval is needed to extend them. Section 122 is aimed at what it calls "fundamental international payment

New Delhi wants a clear tariff advantage over competing economies and assurances against future Section 301 actions before implementing a trade agreement with Washington

The EU and US agreed to a free-trade deal in July that would see the bloc erase levies on US industrial goods in exchange for a 15 per cent tariff ceiling on its exports

The order also allows foreign companies to qualify for a 10% tariff if 'their capital equipment includes at least 85% aluminum by weight'

The two nations reached an agreement on a trade pact earlier this year before the US Supreme Court struck down President Donald Trump's sweeping reciprocal tariffs

An official said the two countries are close to finding a solution for several non-tariff barriers

A US delegation led by chief negotiator Brendan Lynch will visit India from June 1-4 to advance negotiations on the proposed bilateral trade agreement

India and the US discussed energy security, trade, immigration and Indo-Pacific maritime safety as Marco Rubio sought to reassure New Delhi on bilateral ties

American industry groups sought punitive tariffs on Indian goods at USTR hearings, while Indian officials defended the country's manufacturing growth as demand-led and WTO-compliant

The finance minister and US Ambassador Sergio Gor discussed fintech collaboration, investment opportunities and bilateral economic ties amid ongoing trade negotiations

A US trade court struck down Donald Trump's 10 per cent global tariffs, adding fresh uncertainty to India-US trade negotiations and tariff policy