President Trump focuses on the trade in manufactured goods, where India sells more to the U.S. than it buys. But the countries share a balanced trade in services
Haley stressed that India is vital to US efforts to shift supply chains from China, with the capacity to produce at scale in areas like textiles, phones, and solar panels
Russia said Indian goods are welcome in its market as the US raises tariffs; a top Russian diplomat defended India's oil imports and called Western sanctions unfair and one-sided
Indian Rupee today: The domestic currency opened 21 lower at 87.16 against the dollar on Wednesday, according to Bloomberg
It has been argued that the American consumer buys Indian goods and India uses the dollars it gets to buy discounted Russian crude oil, which is refined and sold across the world
In July, negotiators from India and US had discussed the visit of the American team for sixth round of bilateral trade negotiations during the week starting Aug 25. That visit has now been called off
A US team, which was scheduled to visit India from August 25, for the next round of negotiations for the proposed bilateral trade agreement is likely to defer the meeting to a later date, an official said. So far, five rounds of talks have been completed for the proposed bilateral trade agreement (BTA) and a US team is scheduled to visit India for the sixth round of talks. The negotiations were scheduled from August 25-29. "This visit is likely to be rescheduled," the official, who did not wish to be named, said. Deferment or rescheduling of the meeting assumes significance as the US has announced a staggering 50 per cent duty on Indian goods. The US is pressing for greater market access in politically sensitive areas such as agri and dairy sectors, which India cannot accept as it affects the livelihood of small and marginal farmers. India has stated that it will not compromise the interests of farmers and cattle rearers. The US and India have announced plans to conclude the fir
India welcomed the Trump-Putin summit in Alaska, calling it commendable; the leaders held talks on the Ukraine war, focusing on peace and cutting the human cost of conflict
US President Donald Trump said the US may not add extra tariffs on India for buying Russian oil, leaving room for change of plans after India faced 50 per cent tariffs
India's Directorate General of Shipping meets a US delegation to advance maritime talks on green shipping and security, with no discussion on the US threat over the IMO's net-zero emissions vote
India is facing tough choices in responding to steep US tariffs - from negotiating or retaliating to diversifying export markets or offering trade concessions like ending Russian oil imports - but each option carries its own mix of benefits and risks, think tank GTRI said on Friday. The Global Trade Research Initiative (GTRI) said that India marks its Independence Day this year under the shadow of a bruising trade confrontation with Washington. The Trump administration's decision to slap a 50 per cent country-specific tariff on most Indian goods, on top of existing most favoured nation duties, has thrust India into a strategic dilemma that could reshape its trade, energy, and diplomatic positioning. "For New Delhi, the choices ahead are stark - negotiate, retaliate, diversify markets, or trade concessions such as ending purchases of Russian oil for tariff relief. Each option carries a different mix of gains and risks," GTRI Founder Ajay Srivastava said. He added that India will ...
India and the United States, working together, will rise to the modern challenges of today and ensure a brighter future for both countries, US Secretary of State Marco Rubio said, describing the historic relationship between New Delhi and Washington as consequential and far-reaching. On behalf of the US, Rubio extended congratulations and warm wishes to the people of India on the occasion of the country's Independence Day on Friday. The historic relationship between the world's largest democracy and the world's oldest democracy is consequential and far-reaching. Working together, the United States and India will rise to the modern challenges of today and ensure a brighter future for both our countries, Rubio said in his message. Rubio said the two countries are united by our shared vision for a more peaceful, prosperous, and secure Indo-Pacific region and the partnership between India and the US spans industries, promotes innovation, pushes the boundaries of critical and emerging ..
Clarity on the American negotiating team's India visit will follow the Trump-Putin meeting in Alaska, with tariff disputes and unresolved trade issues in focus
MEA confirms strong India-US defence ties despite tariff tensions and says talks with China are under way to resume border trade through designated points
The statement comes amid rising tensions between the two nations, with the US imposing 50 per cent tariffs on Indian imports, including a 25 per cent penalty for Russian oil purchases
Earlier in an interview with Fox Business, Bessent said India has been a "bit recalcitrant" on trade negotiations with the US
Any sectoral costs of a US trade deal must be compared to the costs of not having a deal. External pragmatism coupled with internal reforms can yet turn this impasse into an opportunity
The visits signal renewed India-China-Russia dialogue amid rising US trade tensions; Modi, Xi, and Putin set to meet at SCO Summit in Tianjin
Indian Rupee today: The domestic currency rose 28 paise, or 0.32 per cent, to close at 87.43 against the dollar on Wednesday
The signboard of a Hindu temple was defaced in the US city of Indiana, an incident described by the Indian consulate as "reprehensible". The "hateful act" took place at the BAPS Swaminarayan Temple in Greenwood city, the temple's official public affairs account said in an X post on Tuesday. This was the fourth time in less than a year that a BAPS temple has been targeted, it said. The Indian Consulate in Chicago took strong note of the act and called it "reprehensible". "Desecration of main signboard of the BAPS Swaminarayan Temple in Greenwood, Indiana is reprehensible," it said in an X post, adding that it has raised the matter with the law enforcement authorities for "prompt action". It added that the consul general also addressed a gathering of devotees and local leadership including the Mayor of Greenwood, "calling for unity & solidarity, and vigilance against miscreants there." The temple administration in its post also said that the act has "strengthened our community's ..