Page 18 - Us India Relations

India, US will 'come together' despite 50% tariffs: Treasury Secretary

US Treasury Secretary Scott Bessent, however, criticised India's continuous imports of Russian oil, saying that they have been profiteering from it

US tariffs a wake-up call for India to push bold reforms: Amitabh Kant

India should view US tariffs as a wake-up call to implement bold and once-in-a-generation reforms and diversify its export markets for long-term growth, former Niti Aayog CEO Amitabh Kant said on Wednesday. Addressing the BN Memorial Lecture organised by IRS (C&IT) Association, Kant said, "This is India's century, irrespective of Trump's tariff, I strongly believe that Trump has given us a huge opportunity for reforms". On the US excuse of Russian oil imports for tariff hike, Kant said, "It's not about Russian oil. If it were the issue, then China buys much more Russian oil and Turkey buys as much Russian oil". The former G-20 Sherpa also talked about disruption in the global supply chain and India's need to improve administrative efficiency for the rapid expansion of production infrastructure. "Trump's tariffs must be a wake-up call for India. The irony is striking: the U.S. is actively negotiating with Russia and China, the latter being the largest buyer of Russian oil, yet ...

Delhi traders call US tariff hike temporary, urge govt support for exports

Delhi's trade associations on Wednesday expressed concern over the US decision to impose a 50 per cent tariff on Indian goods, but said the impact would largely be temporary as India would explore alternative markets and strengthen domestic competitiveness. The Federation of Sadar Bazar Traders' Association (FESTA) termed the step "unfair and unwise". "Tariffs will create a situation of trade war between the two countries," FESTA Chairman Paramjit Singh Pamma said. They appealed to Prime Minister Narendra Modi to give maximum relief to traders in GST and ensure low-interest loans so that domestic products can remain competitive. The Gandhi Nagar Market Association described the disruption as temporary. "This is only a short-term problem as our exports will be routed to other countries," said the association's President Naresh Sikka, adding that traders are confident better alternatives will be found under the Prime Minister's policies. Additionally, Khan Market Traders' Associatio

Uncertainties around tariffs may affect capex decisions this fiscal: Crisil

Despite the healthy corporate sheets supporting fresh investments, the imposition of the tariffs is likely to hit sentiments

Trump's 50% tariffs take effect today: Which sectors are in firing line?

The Donald Trump-led US administration links the 50% duty to India's Russian oil imports; sectors from textiles to seafood brace for impact

Trump's 50% India tariffs kick in; here's a list of countries hit by duties

The US has hit India with steep tariffs, with two 25% tranches in August, making it one of the most heavily tariffed nations among emerging markets, along with Brazil

PM Modi's MEGA has become 'MAHA headache' for India: Cong on US tariffs

Taking a swipe at the government after the additional tariffs imposed by the US on India came into effect on Wednesday, the Congress said Prime Minister Narendra Modi used his supposedly winning formula of MAGA+MIGA=MEGA earlier this year but this Modi-made MEGA has now become a MAHA headache for India. Congress general secretary in-charge communications, Jairam Ramesh, said the "Trump double tariff" has come into effect, which will undoubtedly hit India's labour-intensive exports to the US -- especially textiles, gems and jewellery, leather, marine products, and engineering. "Over the last twenty four hours, the US commerce secretary has also spoken out against the H1B visa system of which the biggest beneficiaries have been Indian IT professionals," Ramesh said on X. "This has been one of the key demands of the MAGA base of President (Donald) Trump, the same MAGA which Prime Minister Modi in February this year used in his supposedly winning formula MAGA+ MIGA= MEGA. This Modi-made

Additional 25% tariff imposed by Trump on India comes into effect

The additional 25 per cent tariff imposed by US President Donald Trump on India for its purchases of Russian oil came into effect Wednesday, bringing the total amount of levies imposed on New Delhi to 50 per cent. The Department of Homeland Security (DHS), in a draft order published on Monday, said the increased levies would hit Indian products that are entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 am eastern daylight time on August 27, 2025. Trump had announced reciprocal tariffs of 25 per cent on India that came into effect on August 7, when tariffs on about 70 other nations also kicked-in. On August 7, the US president announced doubling tariffs on Indian goods to 50 per cent for India's purchases of Russian crude oil, but gave a 21-day window to negotiate an agreement. On Monday, Prime Minister Narendra Modi asserted he can't compromise on the interests of farmers, cattle-rearers, small-scale industries, cautioning "pressure on us may .

India, US hold 2+2 dialogue on trade, defence after tariff tensions

India and the US held a 2+2 Intersessional Dialogue to advance trade, defence, and security cooperation after weeks of strained ties over Washington's new tariffs on Indian goods

Committed to energy ties with India, says senior US Embassy official

US, India deepen energy ties with focus on critical minerals, nuclear reactors, oil, gas, and smart energy solutions to strengthen long-term energy security

US slaps steep tariffs on Indian goods, exports set to fall from Wednesday

The new duties will apply from 12:01 am EDT on Wednesday (9:31 am IST), it showed. Exceptions are shipments in transit, humanitarian aid, and items under reciprocal trade programmes

Trump administration issues notice to India as 50% tariff deadline nears

The Trump administration has issued a 50% tariff notice to India over Russian oil imports, tying it to a broader diplomatic push for ending the war in Ukraine

India won't compromise on farmers' interests: Agri minister amid US tariffs

Talks between India and the US on an interim trade deal fell through last month, after five rounds of talks, due to disagreements over imports of American dairy products and GM crops

Can Russia-India-China overcome history to form a credible alliance?

The gathering of three nations in Tianjin will offer the opportunity for the optics of warmer ties, but it will be more symbolism than substance

The importance of being Sergio Gor: A pivotal moment for India-US ties

Trump's trusted aide and new US ambassador to India poses both a challenge and an opportunity for India-US ties

Indian envoy discusses fair trade with US lawmakers amid tariff tensions

Indian envoy Vinay Mohan Kwatra discussed fair, balanced and mutually beneficial trade ties with US lawmakers amid ongoing tariff tensions between New Delhi and Washington. The Indian Ambassador has met four US lawmakers in the last 24 hours and 23 since August 9, as revealed by his social media posts. Kwatra met Congressman Rep Joe Courtney, Ranking Member of the Subcommittee on Seapower and Projection Forces, on Saturday (local time) and thanked him for supporting the bilateral partnership between the two countries. Highlighted our perspectives on trade and economic cooperation, including the need for fair, balanced and mutually beneficial trade ties, Kwatra posted on social media. He also had a productive discussion with Congressman Gabe Amo, Vice Ranking Member of the House Foreign Affairs Committee Democrats. He appreciated Amo's support for the bilateral ties and shared perspectives on the importance of fair, balanced and mutually beneficial trade engagements, said his soc

India Post suspends US services: What it means for students, families

The halt in India-US postal services may disrupt dispatch of medicines, gifts and personal parcels, pushing families toward costly private couriers

Don't buy refined petro products from India if you have problem: Jaishankar

India Saturday forcefully rejected Washington's criticism that it is running a "profiteering scheme" by buying discounted Russian crude oil with External Affairs Minister S Jaishankar asserting that New Delhi's procurement has been in national and global interest. Jaishankar emphatically said that India will continue to take decisions on the matter independently and suggested that the previous US administration was supportive of New Delhi's procurement of Russian energy as it stabilises the oil market. "It's funny to have people who work for a pro-business American administration accusing other people of doing business," Jaishankar said. "That's really curious. If you have a problem buying oil or refined products from India, don't buy it. Nobody forces you to buy it. But Europe buys, America buys, so you don't like it, don't buy it," he said. His comments at the Economic Times World Leaders Forum came when asked about US officials criticising India on its energy ties with ...

India can explore alternative seafood markets to blunt tariffs: MPEDA chief

India's seafood industry can explore alternative markets to cushion the impact of higher US tariffs on a range of Indian goods, D V Swamy, chairman of the Marine Products Export Development Authority (MPEDA), said on Saturday. Swamy noted that the country's marine products sector has repeatedly shown resilience in the face of crises. He said the Centre has identified Russia, the UK, the European Union, Norway, Switzerland, the Middle East and South Korea as new focus markets for seafood exports. Let's not call it an obstacle; it's actually an opportunity. We learn from challenges and improve with each of them, Swamy said at a press conference on the eve of MPEDA's 53rd anniversary. The agency is an autonomous body under the Union Ministry of Commerce and Industry, mandated to promote India's seafood exports. The MPEDA chief said the sector has been adaptive throughout its five-decade history and stressed the need to diversify both markets and seafood varieties. Ecuador is one countr

India shifts focus to EU as US tariffs stall bilateral trade negotiations

With US tariffs squeezing exports and trade talks stalled, India banks on the UK FTA to push forward EU negotiations, covering autos, wines, procurement and digital trade