In an interview, Tulsi Gabbard spoke about the US tariff regime, the future of India-US relations and taking inspiration from Lord Krishna's guidance to Arjuna on the battlefield
The Asia leg of Gabbard's trip will culminate in an address on March 18 at the Raisina Dialogue, a multinational gathering of security officials in Delhi, to which Prime Minister Narendra Modi invited
During the interview, PM Modi appreciated US President Donald Trump's unshakeable dedication to his country
Gabbard arrived in New Delhi early Sunday for a two-and-a-half-day visit. This is her first high-level visit to India as a senior official in the Donald Trump administration
Goyal met key officials of the Donald Trump-led administration in Washington last week, including Greer, and his counterpart Howard Lutnick to discuss urgent trade issues
Reflecting on the changing global scenario, the minister has assured all export promotion councils that the government is working on an overtime basis
While large steel players that produce carbon steel products may not see any major impact, since exports of such products is limited
Trump administration imposed 25% tariffs on steel and aluminium imports that took effect on Wednesday
While addressing a press briefing, Press Secretary Karoline Leavitt said that US President Donald Trump believes in reciprocity and wants to have fair and balanced trade practices
The visit by the US Vice President will be the second since President Donald Trump took office in January this year
This could be the Commerce minister's second visit to US in less than a month
India and the US are planning to negotiate a trade agreement and both countries will focus on increasing market access, reducing import duty and non-tariff barriers, and enhancing supply chain integration, Parliament was informed on Tuesday. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said that as on date, reciprocal tariffs have not been imposed by the US on India. "Both countries plan to negotiate a mutually beneficial, multi-sector Bilateral Trade Agreement. Both countries would focus on increasing market access, reducing tariff and non-tariff barriers, and enhancing supply chain integration," he said. The US issued Memorandum on Reciprocal Trade and Tariffs on February 13, wherein the Secretary of Commerce and United States Trade Representative are to take necessary actions to investigate harm to America from any non-reciprocal trade arrangements adopted by trading partners and provide a report with detailed proposed remedies fo
Notably, this is the first visit by a top White House official to India, under the Trump administration
India should enhance its foreign trade under bilateral trade agreements rather than multilateral deals and protect its national interest, especially that of the farmers and small entreprenuers, while negotiating with the US, the Swadeshi Jagran Manch (SJM) said on Monday. The SJM's national council passed a resolution in this regard at its meeting in Chhattisgarh, the RSS affiliate said in a statement. The two-day meeting held in Raipur, which deliberated on a host of issues, including strengthening India's economy amid a changing geopolitical scenario and the Donald Trump administration's policy of reciprocal tariffs, concluded on Monday. "After taking over as US president, Donald Trump has launched a frontal attack on the global free trade system by announcing his intent to impose higher tariffs (on reciprocal basis) on imports from many countries around the world," the resolution said. The move is intended to bring back manufacturing to the US so that the issue of unemployment
Acharya, who was a deputy governor at the RBI between 2017 and 2019, said large firms that had benefited from the protectionist measures will initially lose some value, but the economy will benefit
In terms of tariffs on textiles and clothing, while India imposes a 10.4 per cent tariff on US imports, the tariff for Indian importers in the US is 9 per cent
Resetting trade with the US and the European Union would be a step forward for India, and the government must work on building domestic approval of deals as quickly as possible
New Delhi working on ways to reduce average applied tariff
Finance Minister Nirmala Sitharaman on Saturday said India is looking for a "good" trade agreement with the US to promote economic growth and ensure smooth supply chains. She also said that amid a growing global tariff war, India will have to move "smartly" to guard against possible dumping of goods from countries that are facing higher US tariffs. At the same time, India will protect the interests of domestic industries that rely on affordable imports. "In a broad sense, I think, both sides should have ambition for a good treaty, and nobody can fault that. Particularly for India, when you are looking at Viksit Bharat, you need to have good traction. Everybody is concerned about the growth numbers," she said at The Economic Times Awards. The minister said that a lot more steps are required to strengthen the country's exports across the board, wherever there is potential. "So, I am sure the commerce minister (Piyush Goyal) is quite seized of this, and he would take this (trade) ...
Negotiations between India and the US for a trade deal have just begun and it would be premature to talk about its details, government sources said on Saturday, hours after US President Donald Trump said India agreed to cut tariffs "way down". It is natural for both the countries to have their interests and sensitivities and these are legitimate matters for a discussion, the sources said. Last month, India and the US announced that they would negotiate a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) following talks between Prime Minister Narendra Modi and Trump in Washington DC. Commerce Minister Piyush Goyal was in the US this week to hold talks on the trade deal with his American counterpart as well as the US Trade Representative and their teams. Trump's announcement on Friday that India agreed to bring tariffs "way down" was largely viewed by New Delhi as premature. "India charges us massive tariffs, you can't even sell anything in India, it's almost ...