The finance ministers and central bank governors focused instead on a collective call to address "excessive imbalances" in the global economy, an effort clearly aimed at China, though they didn't name
In March this year, soon after the US raised its duties on steel and aluminium, China and Canada proposed retaliatory tariffs against imports from the US
External Affairs Minister S Jaishankar's remarks came on the same day as US President Donald Trump claimed that India has proposed zero tariffs on American goods
External Affairs Minister S Jaishankar responds to US President Donald Trump's 'zero tariff' claim, stating that India-US trade talks are ongoing, complex, and far from final
The four-day discussions, scheduled from May 17 to 20, will involve key meetings with US Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick
Chinese Vice Premier He Lifeng said the world's two biggest economies agreed to create a mechanism for further discussions
India and Chile have finalised the terms of reference for a Comprehensive Economic Partnership Agreement (CEPA) to broaden bilateral cooperation
He Lifeng, China's Vice Premier and close ally of Xi Jinping, is set to lead crucial trade talks with the US in Switzerland amid rising tensions, as both sides face escalating tariffs
The domestic currency opened 38 paise lower at 84.82 after ending at 84.44 against the greenback on Tuesday
Trump also noted that even though the US will try to make many deals with the countries that have been hit by tariffs, in many cases, he would have to take a hard line
Trump's remarks came ahead of a Michigan rally. Speaking to reporters outside the White House, he also informed them of his plans to visit Africa and hold talks with Australian officials
India and US officials report positive progress in their trade talks, focusing on a multi-sector Bilateral Trade Agreement; roadmap is in place to conclude the deal in the near future
India's trade deficit widened more than expected in March, as oil imports jumped more than 60 per cent from a month earlier
India is likely to ask the US to ease export controls and grant it access to critical technologies on par with key American allies like Australia, the UK, and Japan under the proposed bilateral trade agreement (BTA), sources said. They added that India may seek these easing for sectors like telecom equipment, biotechnology, AI (artificial intelligence), pharmaceuticals, quantum computing and semiconductors. The country is also seeking duty concessions for labour-intensive sectors like textiles, gems and jewellery, leather goods, garments, plastics, chemicals, shrimp, oil seeds, chemicals, grapes and bananas in the proposed pact with America. On the other hand, the US wants duty concessions in sectors like certain industrial goods, automobiles (electric vehicles particularly), wines, petrochemical products, dairy, agriculture items such as apples, and tree nuts, they said. As part of the proposed BTA, one of the sources said, India may request the US to place it on par with other ke
India and European nation Netherlands have discussed ways to boost trade and investments ties during the visit of Commerce Secretary Sunil Barthwal to Hague. The visit assumes significance as India's exports to Netherlands are recording healthy growth despite global economic uncertainties. "Commerce Secretary Mr. Sunil Barthwal & Ambassador @ktuhinv met DG Foreign Economic Relations Mr. Michiel Sweers in The Hague to discuss strengthening bilateral trade and economic ties. Discussions focused on enhancing collaboration through the joint trade and investment committee (JTIC) and advancing strategic economic cooperation," the department of commerce said in a post on X. In 2024-25, India's exports to the Netherlands rose by 1.75 per cent to USD 22.76 billion as against USD 22.36 billion in 2023-24. The imports during the period stood at over USD 5 billion. During this visit, the commerce ministry's Joint Secretary Saket Kumar also met senior officials in Hague to discuss advancing ...
Trump said India may reduce its high tariffs as part of the bilateral deal
Businesses that had seen demand dry up just weeks ago are now overwhelmed with urgent shipment orders from US buyers
The official stated that the there was a possibility of a "win-win shape and form" to the deal in the next 90 days
The Chinese spokesperson said the Asian nation is hopeful of working with the US to resolve differences through dialogue
JPMorgan's economists raised the risk of a US and global recession this year to 60 per cent from 40 per cent after Trump unveiled the trade barriers