Jeffrey Sachs warns India against US geopolitical strategies amid trade war triggered by Trump tariffs
External Affairs Minister (EAM) S Jaishankar noted that as every country is tariffed, each is fashioning its own strategy to deal with the US
Jamieson Greer says nearly 50 countries, including India, Argentina, Vietnam, and Israel, have shown interest in easing trade barriers as part of the Trump administration's push for reciprocity
United States Trade Representative lists unfair trade practices across several nations, flags India's ethanol import ban among key barriers affecting US exporters
India should accelerate discussions for the proposed bilateral trade agreement with the US as the deal could help secure preferential market access, improve investor protections, and encourage technology partnerships between the two countries, experts said on Monday. They also said that the pact is critical for India to address long-standing non-tariff barriers in sectors like chemicals, telecom equipment, and medical devices, which were explicitly flagged in the US tariff statement. Mutual Recognition Agreements (MRAs) for standards and testing protocols could be a strategic step forward in reducing regulatory friction and improving market access in these sensitive sectors, they added. Even though the new US tariffs might put short-term pressure on India's key export sectors, the broader strategic landscape offers significant long-term advantages, Rudra Kumar Pandey, Partner, Shardul Amarchand Mangaldas & Co, said. He said that India can leverage its differential tariff exposure,
Union Commerce and Industry Minister Piyush Goyal is likely to hold a meeting with exporters on Wednesday, April 9, to take stock of issues to be faced by Indian traders due to the imposition of an additional 26 per cent reciprocal tariffs by the Trump administration, an industry official said on Sunday. Senior officials of the commerce ministry and representatives of export promotion councils (EPCs) and the Federation of Indian Export Organisations (FIEO) will attend the deliberations, according to the industry official. Meanwhile, an exporter said that the government should come forward to extend fiscal incentives to all exporters, particularly MSMEs, in this situation, as the US tariffs will have an impact on the country's shipments. The effect of these duties is expected to be reflected starting May as demand will take a hit in the US. "Sweeping increases in duties on all the countries in the world will have an inflationary impact on the US customers. It would hit demand for al
In the days after Trump's tariff announcement that has shaken global markets to their core, India joined nations like Taiwan and Indonesia in ruling out counter tariffs
India and the US are holding intense discussions on a proposed 'fair, balanced and equitable trade deal' bilateral trade agreement
While US President Donald Trump had initially framed tariffs as non-negotiable, he later hinted at possible compromises
The Congress Rajya Sabha MP has sought permission from the Chair to raise this matter for urgent discussion in the House
Both India and the US want to expedite the negotiations for the proposed bilateral trade agreement (BTA) as the two countries are looking at promoting two-way commerce, an official statement said on Thursday. Both the countries have decided to hold sector-specific talks from this month to finalise the structure of the agreement. The keenness to expedite the talks came in the backdrop of the USA's decision to impose additional 27 per cent import duty on Indian goods from April 9 this year. "Discussions are ongoing between Indian and US trade teams for the expeditious conclusion of a mutually beneficial, multi-sectoral BTA...We remain in touch with the Trump administration on these issues and expect to take them forward in the coming days," the commerce ministry said. Through the agreement, the two countries are looking to increase market access for their goods, cut tariff and non-tariff barriers and deepen supply chain integration. A team of US officials, headed by Assistant US Tra
India is among countries on which Trump has imposed substantial tariffs, ranging from 46 per cent on Vietnam to 17 per cent on the Philippines, which will kick in from April 9
Industry group urges Indian government to secure bilateral trade agreement with US
Analysts believe that if these policies persist, they could drive significant inflation in the US, weakening demand and increasing recession risks
India assesses impact of new US tariffs as trade talks continue; potential duty cuts on American imports could make high-end electronics, automobiles, and other goods affordable
While announcing the tariffs at an event held at the White House, Trump presented a chart claiming that India imposes 52 per cent tariffs on US goods, which includes currency manipulation
Gogoi, in his notice to the Lok Sabha Secretary-General, emphasised the "urgent and pressing" need to debate the economic ramifications of these tariffs
For 600 million workers and 1.4 billion consumers, Trump's trade war is a wake-up call to revive the three-decade-old liberalisation project
India's apex exporters' body, FIEO, stated on Thursday that the 26 per cent tariffs or import duties announced by US President Donald Trump on India will undoubtedly affect domestic players. However, India is much better placed than many other countries, said Ajay Sahai, Director General and CEO of the Federation of Indian Export Organisations (FIEO). He expressed hope that the proposed bilateral trade agreement (BTA), currently being negotiated between the two countries, would be concluded at the earliest, as it would provide relief from these reciprocal tariffs. We have to assess the impact, but looking at the reciprocal tariffs imposed on other countries, we are in a lower band. We are much better placed compared to our key competitors such as Vietnam, China, Indonesia, Myanmar, etc. We will definitely be affected by the tariffs, but we are much better placed than many others, Sahai told PTI. The US President highlighted the high tariffs charged by India on American products as
US President says India imposes 52% tariff on American imports and engages in currency manipulation and non-tariff barriers