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US tariff relief lifts markets and sentiment, but India must use the trade deal to deepen reforms, attract capital flows and diversify exports
India and the US have entered a new phase in their relationship, marked by greater parity
The US-India Strategic Partnership Forum (USISPF) on Monday enthusiastically welcomes US President Donald Trump's announcement following his conversation with Prime Minister Narendra Modi, which reaffirms their shared commitment to deepen the USIndia economic partnership and advance a bilateral trade agreement. India and the US agreed on a trade deal under which Washington will bring down the reciprocal tariff on Indian goods to 18 per cent from the current 25 per cent, US President Donald Trump announced on Monday in a Truth Social post. USISPF said that the reduction of India's reciprocal tariff marks "an important and positive first step." "While the agreement's specifics are pending, today's announcement signals strong political will on both sides to move toward a comprehensive USIndia Bilateral Trade Agreement (BTA) that addresses tariffs, market access, non-tariff barriers, and other trade-related issues across a wide range of sectors," it said. A BTA between the two nations
Analysts believe that the gems and jewellery related sector is likely to benefit from the India-US trade deal.
The US government has rolled out Project Vault, a $12 billion scheme to stockpile rare earths and critical minerals, aiming to shield American companies from global supply disruptions
The India-US trade deal, Antique believes, is significantly positive for Indian equities as FPI equity outflow of $34 billion since October 2024, the highest among emerging markets (EMs), may reverse
The announcement came after a phone call between Prime Minister Narendra Modi and Trump
Avanti Feeds hit a fresh life-time high at ₹960, while Apex Frozen Foods quoted at its highest level since September 2022 after the US President partly rolled back reciprocal tariffs on Indian imports
India-US trade deal: A closer look at how American tariffs on Indian exports compare with those faced by key rivals such as China, Vietnam, Mexico, Bangladesh across major sectors
Union Minister Ashwini Vaishnaw on Monday said the India-US trade agreement is a win-win deal which will benefit citizens and industries of both countries. Vaishnaw's remarks came soon after US President Donald Trump spoke to Prime Minister Narendra Modi and announced that India and the US have agreed on a trade deal. Under the agreed deal, Washington will bring down the reciprocal tariff on Indian goods to 18 per cent from the current 25 per cent. Trump said India will move forward to reduce "tariffs and non-tariff barriers" against the US to zero, adding New Delhi would buy American goods, including energy, worth more than USD 500 billion. In a post on X, Vaishnaw, the Union minister for information and broadcasting, said, "Trade deal between the US and India will lead to a brighter future for both countries." "India-US trade deal is a win-win deal. Citizens and industries of both countries will benefit greatly from this deal," he said. Terming the US and India as the world's ..
Sector-wise, Financials, information technology (IT), and Telecom, they said, are the ways to participate in the market rebound
President Donald Trump implored the House on Monday to end the partial government shutdown, but neither Republicans nor Democrats appeared ready to quickly approve the federal funding package he brokered with the Senate without first debating their own demands over immigration enforcement operations. Democrats are refusing to provide the votes House Speaker Mike Johnson needs to push the package forward as they try to rein in the Trump administration's deportation operations after the shooting deaths of two Americans in Minneapolis. That's forcing Johnson to rely on his slim GOP majority, which has its own complaints about the package, to fall in line behind Trump's deal with Senate Democrats. Voting could begin as soon as Tuesday, which would be day four of the partial shutdown. The Pentagon, Homeland Security and other agencies saw their funding lapse Saturday. And while many operations at those departments are deemed essential, and still functioning, some workers may go without pa
Trump said India stopped purchasing Russian crude, a move he linked directly to the agreement between the two countries.
US aims to shield manufacturers from supply shocks
At the same time, Warsh could argue that by tightening financial conditions, a smaller balance sheet would grant his Fed room to cut its benchmark rate deeper
US President Donald Trump has spoken with Prime Minister Narendra Modi, US ambassador to India Sergio Gor said on Monday, sharing a photograph of the two leaders and hinting at further updates
Trump last week threatened Canada with a 50 per cent tariff on its country's planes sold in the US along with stripping globally recognised safety permits from aircraft made in Canada