Page 23 - Us India Relations

US will have Indonesia-type trade deal with India: Donald Trump

US President Donald Trump has said that the proposed trade deal with India would be on the lines of what America has finalised with Indonesia on Tuesday. Under the US-Indonesia trade pact, the Southeast Asian nation will provide complete access to its market to US products, while Indonesian goods would attract a 19 per cent duty in America. In addition, Indonesia has committed to purchasing USD 15 billion in US energy, USD 4.5 billion in American Agricultural Products, and 50 Boeing jets. Later, while talking to reporters, Trump said: "India is basically working along that same line. We are going to have access into India. You have to understand, we had no access to any of these countries. Our people couldn't go in, and now we are getting access because of what we are doing with the tariffs The Indian team is in Washington for the fifth round of negotiations for the proposed bilateral trade agreement (BTA). Commenting on Trump's remarks, economic think tank GTRI said if India were

We will have access to India, says Trump after striking Indonesia deal

Trump announces full US market access and reduced tariff for Indonesia and says India is working along the same line in securing a trade deal

Importers delay clearances for US dry fruits to avoid high import duties

Indian dry fruit importers are expecting a cut of nearly 50 per cent in import duties on US-origin shipments and are delaying customs clearances to avoid losses if duties are reduced after clearance

India eyes tariff advantage in key US sectors over China, Canada, Mexico

Indian exporters are poised to strengthen their presence in the US market as rivals like China, Mexico, and Canada face higher tariffs ranging up to 50%, as against India's 10%, says NITI Aayog report

Heavy reliance on US forces govt to put up with Donald Trump's tantrums

Different countries have reacted differently to Trump's tantrums, but the global markets have remained reasonably steady, although nobody is sure of what he will do next

Q1 earnings, US-India trade talks likely to drive markets this week

In an event-heavy week, stock investors will track quarterly earnings of several bluechip firms, the likely outcome of ongoing India-US trade talks, and inflation data for market cues, analysts said on Sunday. Moreover, global market trends and trading activity of foreign investors would also guide movement in equities, they said. "While global cues will continue to dictate trends in domestic equities, investors' focus will be on the likely outcome of India's ongoing trade negotiations with the US. Overall sentiments continue in a dilemma as the wait for a trade deal with the US continues. Traders are not confident about taking any major positive bets in this uncertain environment. "In contrast, first-quarter corporate earnings will be keenly watched over the next few weeks...," SimranJeet Singh Bhatia, Senior Equity Research Analyst at financial services provider Almondz Global, said. Markets drifted lower during the last week and lost over a per cent, primarily pressured by the .

US-India trade deal may cap tariffs below 20% as both sides continue talks

India may avoid steep US tariff demand letters as both nations work on interim trade deal; proposed pact could set base rate below 20 per cent with room for further negotiations

US flags India's dairy import rules at WTO, calls them 'trade barriers'

The US told the WTO that India's updated dairy certificate remains trade-restrictive and unscientific, raising concerns as both sides negotiate a broader bilateral trade agreement

India clears air of uncertainty, signals trade deal talks with US still on

Negotiators to head to Washington again to seal a pact before August 1

Govt quells fears of US tariff threat on Russian crude oil import

Points to deepening India-US trade; diversified crude flows in as counterbalance

India, US speed up trade talks as tariff deadline extended to August 1

India and the US are working to finalise an interim trade pact by fall 2025 as negotiators prepare for talks in Washington amid Trump's reciprocal tariff warnings

India seeks to avoid Trump's Brics wrath as it pursues US trade deal

With New Delhi set to assume the Brics chairmanship in 2026, India needs to differentiate itself from members like China and Russia, who are seeking to build the bloc as an opposition voice to the US

India in talks to finalise trade deal with US, says chief negotiator

India is trying to negotiate and finalize a trade agreement with the US, Special Secretary in the Department of Commerce Rajesh Agrawal said on Thursday. Agrawal is also the chief negotiator of the proposed India-US bilateral trade agreement. The aim is to conclude the first phase of this pact by fall (September-October) of this year. Before that, the two countries are looking to finalise an interim trade agreement. Agrawal said that India has so far implemented more than 14 Free Trade Agreements (FTAs) with 26 countries. "Now we are integrating with major markets also... we just concluded an agreement with the UK, we are in an advanced stage of negotiations with the European Union, we are trying to negotiate and finalize a deal with the USA," he said here at an event on export logistics. India, he said, is also negotiating trade pacts with Latin American countries including Chile and Peru. "We have done (trade pact) with Australia and UAE. We are in negotiations with New Zealand

Trump backs 500% tariff on India's Russian oil trade to pressure Putin

The proposed US bill seeks harsh penalties on Russian oil buyers like India and China, aiming to choke Kremlin's war funding and compel an end to the Ukraine war

Trump threatens 200% pharma, 50% copper tariffs: What it means for India

As trade tensions escalate under Donald Trump, India finds itself in the crosshairs once again. Donald Trump's proposed duties target two of India's biggest export sectors - pharmaceuticals and copper

Letters and the spirit: Trump pushes global trade into uncharted territory

With the end of the 90-day pause on the imposition of the so-called reciprocal tariffs and the US sending letters, a few things are now clear

Trump's MASALA playbook: India faces tough choices in trade deals

Responding to the blowback, the White House softened its stance on April 9, imposing a 90-day pause and a uniform 10 per cent tariff on most imports, excluding China

US close to deal with India, says Trump as he announces new tariff rates

Donald Trump unveils tariffs on 14 countries effective August 1; says US is nearing a trade agreement with India as part of broader reciprocal duties

Waiting for India-US deal: The trade outlook remains uncertain amid delays

Nearly half of India's population depend directly or indirectly on agriculture for livelihood. There are also concerns in India about genetically modified food items that the US wants to push

India-US BTA negotiations throw up tricky farm trade riddles to solve

Any decision on granting access to maize from the US may send the ruling JD(U)-BJP-led coalition back to the drawing board in poll-bound Bihar, writes Sanjeeb Mukherjee