An Indian delegation led by chief negotiator Rajesh Agrawal is scheduled to visit the US later this month
The Vice President's remarks came in response to US Secretary of State Marco Rubio's announcement. Rubio provided details of the US-led diplomatic engagement
India should take cues from the US-UK trade pact and exercise caution while negotiating an agreement with America to ensure that the deal is reciprocal, balanced, and not driven solely by political considerations, economic think tank GTRI said on Saturday. The limited trade deal announced between the US and UK on May 8 offers clues about the kind of trade arrangements Washington may pursue with other major partners, most notably India, the Global Trade Research Initiative (GTRI) said. A closer look reveals that while the UK has made sweeping tariff concessions to America, the US has offered far less in return, it added. "If the UK-US deal sets the template, India can expect growing US pressure to finalise a mini-deal of its own - focused on tariff cuts and key strategic commitments rather than a full free trade agreement (FTA) that may come much later," the think tank said. It also cautioned that India may be asked to reduce tariffs on a basket of sensitive agricultural products, .
US Secretary of State Marco Rubio called Pakistan Army Chief Asim Munir, bypassing the foreign ministry, and urged de-escalation amid rising tensions with India
India has offered preferential access to nearly 90% of goods imported from the United States, including the reduced tariffs, one of the two officials said
India and the US will hold further talks this month in Washington to finalise an early tranche of the bilateral trade agreement, aiming for mutual tariff concessions
US Secretary of State Marco Rubio urged India and Pakistan to de-escalate tensions following the Pahalgam terror attack, stressing the need for dialogue and decisive action against terrorism
The news conference, according to Indian time, will take place at 7:30 pm today. However, Donald Trump has not specified the country to which he was referring
There are limits to India-EU FTA, EU lobbies want protection, don't think will meet the timeline
The US trade deficit soared to a record $140.5 billion in March, up from $123.2 billion in February as firms rush to stockpile imports before new tariff hikes take effect
US President Donald Trump on Tuesday said India has agreed to drop its high tariffs to nothing. I mean, India as an example, has one of the highest tariffs in the world. We're not going to put up with that, and they've agreed already to drop it. They'll drop it to nothing. They've already agreed. They would have never done that for anybody else but me, Trump told reporters in the Oval Office. Trump and visiting Canadian Prime Minister Mark Carney spoke to reporters as they met in the Oval Office to discuss the US-Canada trade. So we're going to put down some numbers and we're going to say our country is open for business and they're going to come in and they're going to pay for the privilege of being able to shop in the United States of America. It's very simple. It's very simple, he added. In the past, Trump has called India tariff king and a big abuser. Last month, Trump had said that negotiations with India over a bilateral trade deal are coming along great and he thinks we'll
Objectives of these agreements are to promote and protect investments through a stable legal environment for investors from both countries
While Trump did not name countries, he suggested trade deals may be finalised within weeks as talks progress with several nations including India amid tariff tensions and slowdown fears
The US is expected to push for sweeping changes in India's policies, ranging from tariff reductions to regulatory overhauls, that could benefit American firms and exporters, under the proposed bilateral trade agreement with India, think tank GTRI said on Sunday. In the agri sector, the Global Trade Research Initiative (GTRI) said the US demands include scaling back India's minimum price support (MSP) programs for crops like rice and wheat, removing restrictions on genetically modified (GM) imports, and lowering farm tariffs. Similarly, on dairy, the US argues that India's GM-free feed certification and facility registration protocols effectively bar American dairy imports. Indian rules prohibit imports from animals fed with animal-derived feed, for example, butter from a cow fed meat due to religious sensitivities. "India considers this policy non-negotiable," GTRI Founder Ajay Srivastava said. He added that America may also seek easing of restrictions on US retail giants like Ama
The commerce ministry on May 2 held a comprehensive consultation with the domestic industry on the proposed India-US trade agreement and sought suggestions to further deepen bilateral trade ties in a mutually beneficial manner, an official said. The stakeholder consultation was chaired by Special Secretary in the ministry Rajesh Agrawal. He is also India's chief negotiator for the India-US bilateral trade agreement (BTA). During the meeting, Department of Commerce briefed the industry representatives on recent developments related to India-US trade ties and solicited their views and suggestions to further expand them in a mutually beneficial manner, the official added. The special secretary assured the industry that their inputs would be factored in the ongoing trade negotiations. Senior representatives from industry bodies including Confederation of Indian Industry, FICCI, PHDCCI, India Cellular and Electronics Association and Assocham participated in the deliberations. The first
The deal includes the delivery of advanced SeaVision software to India, designed to enhance real-time maritime surveillance
Speaking to Fox News, Vance expressed hope that India's counteraction to the terrorist attack does not lead to broader conflict
During the call, the US secretary of defence offered his sympathies for the deceased and reaffirmed his country's support for India in its battle against terrorism
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