Page 7 - Latest Updates on India-US Trade Deal

India-US trade deal: Pharma sees no major change during Section 232 probe

India's pharmaceutical exports to the US are unlikely to see major tariff changes under the interim pact as Section 232 investigations continue, though medical devices may gain from better access

India-US trade deal: FY27 textile, apparel exports to grow in double digits

Industry executives expect India's textile and apparel exports to the US to post double-digit growth in FY27, aided by improved competitiveness following the India-US trade deal

India-US trade deal: Boost seen for energy, minerals imports over 5 yrs

India has expressed intent to import $500 billion worth of energy, minerals, technology products and aircraft parts from the US over five years under an interim trade agreement

India-US trade deal: Which sectors will benefit most from tariff cuts?

The trade framework opens opportunities for Indian exporters, safeguards sensitive sectors, and sets the stage for broader cooperation in technology, digital trade, and supply chains

Trade pact opens $30 trn US market; safeguards key sectors, farmers: Goyal

Commerce and Industry Minister Piyush Goyal said that the framework is expected to create jobs and MSME exports while keeping staple crops and dairy outside tariff concessions

India, US agree on interim trade deal framework ahead of full deal talks

The interim framework outlines tariff cuts, market access and technology cooperation while protecting sensitive Indian sectors, paving the way for a broader India US trade agreement

US lifts extra 25% tariffs on Indian goods linked to Russian oil buys

The step is part of a wider agreement to ease trade tensions, under which India plans to buy about $500 billion worth of US goods, including energy, aircraft and technology, over the next five years

Rupee sees best week in more than 3 years on back of India-US trade deal

Forex reserves at record high of $724 billion

Despite Donald Trump's punitive tariff, India keeps importing Russian oil

India gets deep discounts on Russian crude and its exports of petroleum products to China have increased

Trade deals to support India's growth despite global risks: RBI governor

Reserve Bank of India Governor Sanjay Malhotra said India's economy remains on a strong footing despite global challenges, helped by stable inflation and steady growth

Russian oil tankers position close to India amid lack of clarity on US FTA

Officials of Indian refiners evaluating Russian crude alongside other grades from Brazil, Angola and UAE

No market opened for agriculture in India-US trade deal, says Chouhan

Chouhan said that, rather than compromising farmers' interests, the trade deal will open new avenues of opportunity for crops such as rice

Trade deal: 18% US tariff to kick in after joint statement in 4-5 days

Goyal says first tranche of 'formal' pact by mid-March

Critical mineral cooperation with US advancing rapidly: Jaishankar

EAM S Jaishankar said the India-US trade deal is close to completion, marking a new phase in bilateral ties, as his Washington visit advanced cooperation on trade, energy and critical minerals

India-US trade deal in final stages, to open new phase in ties: Jaishankar

The "historic" India-US trade agreement is in the final stages of detailing that will be completed "very soon", External Affairs Minister S Jaishankar said on Thursday after holding wide-ranging talks with US Secretary of State Marco Rubio. The talks between Jaishankar and Rubio in Washington DC came three days after US President Donald Trump, following a phone conversation with Prime Minister Narendra Modi, announced reduction of US tariffs on Indian goods to 18 per cent from 50 per cent under the trade deal. The external affairs minister said the trade deal will open up a "new phase" in the relations. Except a confirmation on bringing down the US tariffs, including the removal of a 25 per cent levies imposed on India by Washington over Russian energy purchases, no concrete details of the trade deal have come out so far. Jaishankar, in a social media post, described his visit to the US as "productive" and "positive". "The historic India-US trade deal is in the final stages of ...

India moving forward at fast pace, says PM in Rajya Sabha as Oppn walks out

Speaking in the Rajya Sabha on Thursday, Prime Minister Narendra Modi said the country was moving in the right direction.

India, US to sign first tranche of formal trade agreement by mid-March

India and the United States are set to sign the first tranche of a formal trade agreement by mid-March, Commerce and Industry Minister Piyush Goyal said, following a joint statement expected shortly

'Commercial viability key': MEA says open to Venezuela, other crude sources

The MEA said India is open to sourcing crude from Venezuela and other countries based on commercial viability, adding that energy security for 1.4 billion people remains its top priority

India-US trade deal: NSA Doval did not meet US State Secy Rubio, says MEA

MEA Official Spokesperson Randhir Jaiswal dismissed a report that claimed Ajit Doval met Marco Rubio, saying no such meeting or no such visit has taken place

India, US likely to sign joint statement on trade deal in 4-5 days: Goyal

India and the US are expected to finalise and sign a joint statement on the first tranche of the bilateral trade agreement in 4-5 days, Commerce and Industry Minister Piyush Goyal said on Thursday. After the joint statement is signed, the US will come out with an executive order on reducing tariffs on India to 18 per cent. At present, Indian goods attract a 25 per cent reciprocal tariff and a 25 per cent additional tariff for buying Russian crude oil. Goyal told reporters that a legal agreement for the first tranche of the pact is expected to be signed by mid-March. The joint statement will be followed by an exhaustive legal agreement, he said. Goyal also said that there is no investment commitment in this pact. Once the statement is signed, it will be converted into a legal agreement and mid-March, "We are hopeful of signing that legal agreement," Commerce Secretary Rajesh Agrawal said. The signing of the legal text will lead to a cut in tariffs by India on certain US goods.