Page 5 - India Us Trade Deal

Piyush Goyal meets US Commerce Secretary Lutnick, discusses trade ties

Commerce and Industry Minister Piyush Goyal on Thursday said he has held a meeting with US Secretary of Commerce Howard Lutnick and US Ambassador to India Sergio Gor and discussed ways to expand trade relationship between the two countries. "Hosted US Secretary of Commerce @HowardLutnick & @USAmbIndia Sergio Gor. Engaged in very fruitful discussions to expand our trade and economic partnership," Goyal said in a social media post. The meeting holds immense importance as both countries are in the process of finalising the legal text for the first phase of a bilateral trade agreement. Following the US Supreme Court order striking down US President Donald Trump's sweeping tariffs, the US has imposed 10 per cent tariffs on all the countries for 150 days.

Rahul Gandhi says PM Modi left for Israel after challenged on US deal

Congress leader Rahul Gandhi on Wednesday took a swipe at Prime Minister Narendra Modi, saying it has been more than 24 hours since he challenged the PM to scrap the India-US interim trade deal and once again, he (Modi)has "quietly slipped off to Israel". In a post in Hindi on X, Gandhi said, "Narendra 'Surrender' Modi, it's been more than 24 hours since I challenged you to cancel the US Trade Deal -- and once again, you've quietly slipped off to Israel." "At least once, you've already 'danced and sung' in Israel at Epstein's behest - so this time, on whose orders will you striking a deal against the country's interests and return?" the leader of opposition in Lok Sabha said. Speaking in Bhopal, Gandhi on Tuesday had said the Indo-US interim trade deal was sealed under pressure and dared Prime Minister Modi to scrap the "anti-farmer" agreement, following the US Supreme Court ruling. Addressing the 'Kisan Mahachaupal' rally, the former Congress chief had described the agreement as "

Trade talks to resume after clarity over US tariff situation: Piyush Goyal

India to resume US trade talks after clarity on tariff regime following Supreme Court ruling on Trump-era duties

PM Modi should scrap 'anti-farmer' trade deal with US: Rahul Gandhi

Congress leader Rahul Gandhi on Tuesday said Prime Minister Narendra Modi should scrap the Indo-US trade deal, which he described as being against the interests of Indian farmers. Addressing the 'Kisan Mahachaupal' farmers' rally in Bhopal, Gandhi likened the interim trade deal to an arrow piercing the hearts of Indian farmers. "After the US Supreme Court ruling on the trade deal, I challenge PM Modi to scrap it...but he won't be able to do so," the Leader of Opposition in the Lok Sabha said. "The Indo-US trade deal is against the interests of our farmers and was done by PM Modi under the pressure of US President Donald Trump because of Epstein files and to save industrialist Adani," he alleged. The Congress leader also accused PM Modi of agreeing to sign the Indo-US trade deal without taking Union ministers Rajnath Singh (Defence), Shivraj Singh Chouhan (Agriculture) and Nitin Gadkari (Road Transport and Highways) into confidence. "This is not a deal, but an arrow struck in the .

Strategic alignment: India joining Pax Silica could secure supply chains

Participation in Pax Silica opens up the possibility of diversified sourcing, processing partnerships, and coordinated stockpiling

Why Modi must defy farmers' fury over US trade deal to push agri reforms

PM Modi should recognise that this moment is a chance to finish what he started. Instead of retreating, he should build on this momentum to implement comprehensive agricultural reform

India, China among winners after US Supreme Court blocks Trump tariffs

China, India and Brazil are among those now seeing lower tariff rates after SC ruled that Trump's use of the International Emergency Economic Powers Act to impose duties was illegal

Rupee rebound hinges on revival of sustained foreign fund inflows

The outlook for the rupee may also be clouded by renewed uncertainty after the US Supreme Court struck down several of President Donald Trump's tariffs

India, US postpone trade deal talks after Donald Trump tariff verdict

Move comes as Washington trying to figure out legalities

Greer says no countries have said they will withdraw from tariff deals

Greer, speaking on CBS's "Face the Nation" program, said he had already spoken with his counterpart from the European Union and would be speaking with officials from other countries

India, US to reschedule chief negotiators meet on interim trade deal

India and the US have decided to reschedule the proposed meeting of their chief negotiators in Washington to finalise the text of the interim trade pact, sources said on Sunday. The Indian team was scheduled to start the three-day meeting on February 23. "With regards to the visit of the Indian team of negotiators to the US for the India-US Trade Deal, the two sides are of the view that the proposed visit of the Indian Chief Negotiator and the team be scheduled after each side has had the time to evaluate the latest developments and their implications. The meeting will be rescheduled at a mutually convenient date," a source said. The development is important following the US Supreme Court verdict against the earlier sweeping tariffs of the Trump administration. Trump on Friday imposed 10 per cent tariffs on all countries, including India, from February 24 for 150 days. On Saturday, he announced to hike the duty to 15 per cent.

Trump tariffs derailed: Impact on stock market, trade, dollar, gold, silver

The US Supreme Court's decision takes away a big cloud that's been hanging over global trade for a year now, analysts said.

Trump's 10% tariff reset may lift India's labor-intensive exports

The reduction of the US reciprocal tariff on India from 25 per cent to 10 per cent will significantly improve competitiveness of domestic labour-intensive sectors in the US such as pharma, electronics, engineering, textiles, and gems and jewellery. In a major setback to US President Donald Trump's pivotal economic agenda for his second term, the US Supreme Court, in a 6-3 verdict written by Chief Justice John Roberts, ruled that the tariffs imposed by the president on nations around the world were illegal and that he had exceeded his authority when he imposed the sweeping levies. Later, through a proclamation, the US announced a temporary import surcharge of 10 per cent ad valorem on articles imported into the US for 150 days from February 24. These sectors at present were facing a reciprocal tariff of 25 per cent in the US market. The US is a major export destination for these sectors and reduction of tariff will help boost exports, Federation of Indian Export Organisations (FIEO)

Put India-US trade deal on hold, renegotiate terms: Congress

The Congress on Saturday demanded that the government put the interim trade agreement on hold and renegotiate the terms of the deal after the US Supreme Court invalidated the reciprocal tariffs imposed by President Donald Trump. Congress general secretary Jairam Ramesh said the government must also ensure that the interests of Indian farmers are fully protected during the renegotiations and asked the government to categorically state that it will not allow any import liberalisation to the American side. Speaking with reporters here, Ramesh questioned the silence of Prime Minister Narendra Modi on the entire deal and said he should clarify on whether he agrees with Trump's statement that nothing changes in the trade deal with India. "Does Modi agree with Trump that the trade agreement with India still holds," the Congress leader asked, while pointing out there was no response from the government so far. Claiming that the India-US interim agreement will adversely affect the Indian ..

US trade deal hurts India's farm sector, farmers to suffer: Kejriwal

AAP leader Arvind Kejriwal on Saturday accused the Centre of "selling" India and its farmers to the US through the interim trade deal, and claimed that it is for the first time that the country's interests in the agriculture sector have been compromised in such a manner. He expressed fear that India's exports to the US will eventually stop as our goods will become 18 per cent more expensive in that country, which will ultimately pose a big threat to the farmers. Kejriwal and Punjab Chief Minister Bhagwant Mann are in Gujarat to prepare groundwork for their Aam Aadmi Party (AAP) ahead of the Gujarat assembly elections expected to be held in December 2027. Addressing a press conference, Kejriwal said, "For the first time, India has compromised in the agriculture sector in such a manner. In the coming days, we will see the impact of this trade deal. Prime Minister Narendra Modi sold the entire country and the farmers to the United States. The country will never forgive this." The US h

Explained: What Trump's 10% global import tariff reset means for India

From 50% duties to a temporary 10% levy, US tariff rules on Indian goods have shifted, lowering costs for now while leaving sectoral duties and trade deal negotiations largely unchanged

Congress calls US trade deal an 'ordeal', Rahul says PM 'compromised'

After the US Supreme Court struck down President Donald Trump's global tariffs, Congress leader Rahul Gandhi accused Prime Minister Narendra Modi of being "compromised", saying his "betrayal" in the India-US interim trade deal stood exposed. The Congress alleged that the trade deal had become an "ordeal" for the country subjected to by the prime minister's "desperation and surrender". "The PM is compromised. His betrayal now stands exposed. He can't renegotiate. He will surrender again," Gandhi said in a post on X. This comes a day after the US Supreme Court struck down President Donald Trump's global tariffs. Congress general secretary in-charge communications Jairam Ramesh claimed that if Prime Minister Modi had not been so "desperate" to protect his "fragile image" and waited just 18 days more, Indian farmers would have been saved from the agony and distress, and Indian sovereignty would have been protected. "Yesterday after the US Supreme Court struck down his tariffs policy,

India faces reduced 10% US tariff after Trump announces new global levy

India now faces a lower tariff rate of 10 per cent, down from 18 per cent, after US President Donald Trump announced a new global levy on items imported into America in the wake of the Supreme Court verdict against his sweeping tariffs. In a proclamation titled 'Imposing a Temporary Import Surcharge to Address Fundamental International Payments Problems', Trump said he is imposing, for a period of 150 days, a "temporary import surcharge of 10 per cent ad valorem" on articles imported into the United States, effective February 24. Given this new tariff rate of 10 per cent, which will be applicable on countries around the world, Indian goods being imported into the US would no longer be subject to the 18 per cent tariff rate that had been decided on following the announcement of a framework for an Interim Agreement on trade between India and the US. In a major setback to Trump's pivotal economic agenda in his second term, the US Supreme Court, in a 6-3 verdict written by Chief Justice

Near-term outlook favourable to sustain high growth, says RBI report

RBI's monthly report says India's near-term outlook remains strong, supported by benign inflation, fiscal consolidation and renewed FPI interest after trade deals with the EU and the US

India-US interim trade pact may be rolled out in April: Piyush Goyal

A USTR delegation is expected to visit New Delhi in late March to sign the interim India-US trade deal, as negotiators meet in Washington to finalise the legal text ahead of April rollout