Page 8 - India Trade Policy

Indian gems, jewellery industry calls Trump tariff 'significant burden'

Industry group urges Indian government to secure bilateral trade agreement with US

Let America pay for tariffs for a while, says Deepak Shenoy of Capitalmind

Reciprocal tariffs, announced by US President Donald Trump, might have a long-term, negative impact on the global economy, warned Deepak Shenoy, founder and CEO of CapitalMind over an 'X' post.

India's farm exports may sustain or grow despite Trump tariffs: Economist

India could maintain or even expand its agricultural exports to the United States despite the new tariffs announced by President Donald Trump, as the competing nations face even steeper duties, prominent agricultural economist Ashok Gulati said on Thursday. The 26 per cent "discounted reciprocal tariff" on Indian goods imposed by Trump would have limited impact on key agricultural exports such as seafood and rice when compared to higher duties imposed on the regional competitors, according to Gulati, former chairman of the Commission for Agricultural Costs and Prices (CACP). "We should not look at the tariff increase in absolute terms, but see relative tariff increases with our competitors," Gulati told PTI. He noted that while India faces 26 per cent tariffs, China faces 34 per cent, creating an 8 per cent differential advantage for the Indian exporters. Other competitors face even steeper barriers, with Vietnam at 46 per cent, Bangladesh 37 per cent, Thailand 36 per cent, and ...

Donald Trump's tariff shocker can be India's chance at trade reform

For 600 million workers and 1.4 billion consumers, Trump's trade war is a wake-up call to revive the three-decade-old liberalisation project

US tariffs to impact Indian exporters but nation better placed: FIEO

India's apex exporters' body, FIEO, stated on Thursday that the 26 per cent tariffs or import duties announced by US President Donald Trump on India will undoubtedly affect domestic players. However, India is much better placed than many other countries, said Ajay Sahai, Director General and CEO of the Federation of Indian Export Organisations (FIEO). He expressed hope that the proposed bilateral trade agreement (BTA), currently being negotiated between the two countries, would be concluded at the earliest, as it would provide relief from these reciprocal tariffs. We have to assess the impact, but looking at the reciprocal tariffs imposed on other countries, we are in a lower band. We are much better placed compared to our key competitors such as Vietnam, China, Indonesia, Myanmar, etc. We will definitely be affected by the tariffs, but we are much better placed than many others, Sahai told PTI. The US President highlighted the high tariffs charged by India on American products as

US slams India's high farm tariffs, seeks more dairy market access

It said India's World Trade Organization (WTO) bound tariff rates on agricultural products are among the highest in the world, averaging 113.1 per cent and ranging as high as 300 per cent

100% FDI in insurance a step forward, but safeguards unclear: USTR report

These safeguards include requirements such as a majority of board members being resident Indians and higher solvency requirements for foreign-invested insurers domiciled outside India

India's rising content, account takedown requests politically driven: USTR

Content and user account takedown requests, as well as the debate around the motivation for such government actions, have been an issue for the Centre

US trade panel flags India's high tariffs ahead of April 2 'Liberation Day'

The 2025 National Trade Estimate (NTE) report, released on Monday, details how India's tariff and non-tariff policies remain among the most restrictive in major global economies

Trump's 'Liberation Day' tariffs to hit all nations starting April 2

Trump confirms global rollout of 'Liberation Day' tariffs from April 2, sparking concern over trade wars; India considers lowering import duties to avoid impact

India looks to offer US tariff cuts on farm imports, eyes trade success

Unlike China, Canada and the EU, India is actively seeking to appease the Trump administration and is open to cutting tariffs on over half of US imports worth $23 billion

Trump's threat to pull the trigger may jolt India's complacent elite

India needs another shot of difficult reform, of the kind only possible at gunpoint. Mr Trump holds that gun to our heads now

Brokerages analyse US tariffs impact on economies, sectors and markets

Analysts at Barclays, meanwhile, estimate that nearly $22 billion worth of India's exports (30 per cent of exports to the US and 5 per cent of total goods exports) are most at risk

India seeks to ease tariffs, woo Trump with early trade deal talks

New Delhi has promised to step up energy purchases from the United States to $25 billion in the near future from $15 billion last year

'Huge opportunity': Japan delegation meets PM Modi, keen to invest in India

The meeting was marked by optimism and enthusiasm, with the Japanese business leaders expressing their eagerness to invest in India and forge stronger ties

Indian industry seeks shield from US tariff, pushes for trade pact

The US administration has said it will impose reciprocal tariffs from April 2 to match the tariff and non-tariff barriers on imports from America

India's exports to grow despite global uncertainties over tariffs: DGFT

India's exports are bound to grow in the coming years despite uncertainties over global trade and tariff, a senior government official said on Wednesday. Director General of Foreign Trade Santosh Kumar Sarangi said that exporters should tread the path pragmatically and wisely to navigate the current global trade contours. He also said that the current scenario presents a "golden" opportunity for India to do a variety of things which will propel exports and increase manufacturing competitiveness. Despite the "uncertainties relating to trade and tariff, our exports are bound to grow in future years," he said at the Sourcex India 2025 show. It was organised by the Federation of Indian Export Organisations (FIEO). US President Donald Trump has imposed reciprocal tariffs or import duties on countries like China and has pledged to impose these levies on India also on April 2. Certain exporters have raised concerns that imposition of duties by the US on sectors like engineering and pharm

India eyes tariff cut on $23 bn of US imports, to shield $66 bn in exports

Under the deal, India is open to reducing tariffs on 55 per cent of US goods it imports that are now subject to tariffs ranging from 5 per cent to 30 per cent

Senior US trade official Lynch on 5-day visit to India from March 25

Brendan Lynch, the assistant US trade representative for South and Central Asia will pay a five-day visit to India beginning Tuesday to discuss issues relating to trade and tariff between the two countries. Lynch's visit comes days ahead of coming into force of reciprocal tariffs announced by US President Donald Trump. The senior US trade official is expected to hold talks with Commerce Minister Piyush Goyal besides meeting a number of senior Indian officials, it is learnt. The two sides are also expected to hold negotiations to firm a framework for a bilateral trade pact that would address issues relating to levies and market access. "Assistant US Trade Representative for South and Central Asia Brendan Lynch, along with a team of US government officials, will be in India from March 25-29 for meetings with Indian interlocutors as part of ongoing bilateral trade discussions," a US official said. "This visit reflects the United States' continued commitment to advancing a productive

US firms join Donald Trump's tariff salvo on India, appeal to USTR

Appeal to USTR before reciprocal tariffs kick in from April 2