Page 5 - India Us Trade Deal

Goyal urges exporters and industry bodies to take full advantage of FTAs

Commerce Minister Piyush Goyal urges exporters to leverage new FTAs with developed nations as India finalises trade deals with the US and EU

US revises fact sheet: $500 bn clause softened, 'certain pulses' dropped

Update softens language on India's $500 bn purchases plan, bringing it in line with joint statement issued by both countries

Rahul Gandhi slams India-US trade deal, FM Sitharaman rebuts sharply

Rahul Gandhi alleges India 'surrendered' in US trade pact; Centre rejects charge, says no one can sell or buy the country

India's massive $500 billion US import ambition raises scepticism: Experts

US President Donald Trump last week said he will slash tariffs on Indian goods to 18 per cent from 50 per cent , sparking relief in India

Trade agreements open doors, but India still isn't investment-ready

Creating the groundwork for shovel-ready investment would require hard work to reverse all of India's deep-seated problems

'Govt sold Bharat Mata, wholesale surrender': Rahul on India-US trade deal

Leader of Opposition Rahul Gandhi on Wednesday alleged that the government has "sold Bharat Mata" through the India-US interim trade deal and that it was a "wholesale surrender" with India's energy security handed over to America and farmers' interests compromised. Participating in the debate on the Union Budget, he said that had an INDIA Bloc government negotiated the trade agreement with the US, it would have told US President Donald Trump that he should treat India as an equal. "You have sold India. Are you not ashamed of selling India? You have sold our mother, Bharat Mata," he said while referring to the trade agreement. The LoP said energy security has gone under the India-US trade deal, and the US will decide "whom we buy oil from". Gandhi said the interests of the farmers have been compromised, and the farmers are facing a "storm" as agricultural products from the US will flood Indian markets. He also alleged that the Indian textile industry is "finished". The Congress le

India-US deal: Some J&K fruit growers on edge, others call it opportunity

The fruit growers and dealers in Kashmir are worried about the adverse effects of the India-US trade deal on local economy but there are voices within the fraternity who claim the agreement will stabilize the prices and improve the quality of the local produce. Javaid Ahmad Lone, a walnut farmer and dealer from south Kashmir Shopian district, said the imported goods from the US will push the local farmers to improve their stock if they want to stay in the business. " Protectionism is not good for the farmers all the time. They become complacent as they have a captive market. For example, the rates of local almonds and walnuts in Kashmir fluctuate like share market. No one is sure what is happening," Lone told PTI. He said with steady flow of walnuts and almonds from the US, the prices of local produce will also stabilize. "The imported walnuts and almonds have better quality and were already very competitive with tariffs. The local farmers will have to improve their quality as wel

USTR removes X post showing PoK, Aksai Chin part of Indian territory

The office of the US Trade Representative has removed a social media post that featured a map of India showing the entire region of Jammu and Kashmir, including Pakistan-occupied Kashmir, as well as the Aksai Chin region as part of the Indian territory. Last week, as the US and India announced details of a bilateral interim agreement framework on trade, the US Trade Representative's office posted information about the trade deal on the social media website X, along with a map of India. The map had shown the entire region of Jammu and Kashmir, including Pakistan-occupied Kashmir (PoK), as territory of India. Similarly, the Aksai Chin region, claimed by China, was also shown as part of the Indian territory. However, the specific post showing the map of India has now been deleted from the USTR's X handle. On previous occasions, maps of India had been shown with a demarcated line to portray the PoK and Aksai Chin region. But the map of India issued by the USTR had shown the entire regi

All key sensitive sectors protected under India-US trade pact: Comm Secy

India has always negotiated with a "clear mindset" on sectors that are "very" sensitive for the country in trade pacts and has protected all those key segments under the interim trade agreement with the US, Commerce Secretary Rajesh Agrawal said. He also said that both teams are working to convert the joint statement into a legal agreement, which is expected to be finalised and signed before the end of March. "India has always negotiated all agreements with a clear mindset, anything that is very sensitive to India, anything where we feel our farmers, fishermen, dairy, they are going to be impacted, we have been very clear to our partner countries that India can not open up or provide access," he told reporters here. "If you look at all the agreements that we have done in the last year, five trade agreements that we did -- all the sensitive sectors have been protected. In the US, all the key sensitive sectors have been protected. Wherever there is a little sensitivity, we have used

'No deal but US steal': Congress' dig at govt over Indo-US trade agreement

The Congress on Wednesday took a swipe at Prime Minister Narendra Modi over the India-US interim trade agreement, saying the deal is a steal by the "PM's good friend in Washington" and reflects an "abject failure" of our "political huglomacy" as well as economic diplomacy. Congress general secretary in-charge communications Jairam Ramesh said no matter what spin the "PM and his lie-brigade" may give, the hard reality is that the US has extracted more from India than it has conceded. "It is significant that a number of independent analysts and commentators -- who have not been Modi-unfriendly -- have criticised the India-US trade deal as a capitulation, an asymmetrical set of commitments, a sell-out, and a humiliating cave-in," Ramesh said. "Whatever the spin that the PM and his lie-brigade may give, the hard reality is that the US has extracted more from India than it has conceded. This is inspite of Mr. Modi's aggressive wooing of President Trump, including campaigning for him in

US drops pulses, digital services tax from fact sheet on India trade deal

The US has revised its interim trade deal fact sheet with India, removing pulses from tariff talks and softening language on India's $500 billion purchase plans, even as negotiations continue

Tharoor slams govt over Union Budget, India-US trade pact in Lok Sabha

Tharoor slammed the Interim Trade Agreement with the United States, stating that 'it appears far less like a free trade agreement and far more like a pre-committed purchase'

Datanomics: $500 billion imports in five years need 3.75x increase

Despite tariff cuts, india's plan to import $500 billion of us goods in five years far outpaces historical trade flows

On India-US table: Locking in duty-free electronic transmissions

Under a WTO moratorium, countries do not levy Customs duties on cross-border e-commerce transactions such as the download of software, e-books and similar products

India-US trade deal: India gets expanded market access for agri exports

During 2024, India's agricultural exports to the US stood at $3.4 billion - excluding marine products, while imports were $2.1 billion

'Certain pulses' could be new flashpoint for India under trade deal with US

Few days back two Senators wrote to President Trump for 'favourable' position for pulses in trade deal with India; sources said lentil (masur) could be part of the agreement

'One-sided': Opposition MPs flag concerns over India-US trade deal

With the Lok Sabha deadlock broken after a notice to remove Speaker Om Birla, Opposition parties accused the government of signing a one-sided India-US trade deal that could hurt farmers

Protest against India-US trade deal our only option: BKU's Rakesh Tikait

Bharatiya Kisan Union leader Rakesh Tikait on Tuesday slammed the India-US trade deal and said it will protest it across villages, as he accused the Union government of lying about protecting the interests of farmers. Speaking at a press conference here on the sidelines of a public meeting, Tikait compared the present situation with one in 1992, the period soon after India opened its economy. "The way the India-US deal has happened... It is going to be dangerous for India... We will have to speak out," he said. "It is a one-sided deal, a pressure deal. It is not acceptable for Indian farmers. They will dump subsidised goods, our farmers will not be able to sell their produce," the farmer leader said. Asked about the government's assurance that farmers would be protected, he said, "The government is lying... They can claim anything. Protest is the only way." Tikait said farmers will burn effigies of US President Donald Trump and Prime Minister Narendra Modi across villages, and als

Pearl Global, Arvind, Gokaldas, Vardhman down up to 9%; here's why

Despite today's decline, in the past one month, these stocks have outperformed the market, surging up to 33 per cent, as against 0.56 per cent rise in the benchmark Sensex.

US claims India will remove digital services tax: Here's what it means

India has already abolished existing equalisation levies by April 2025, which were highlighted as a concern by the United States Trade Representative