Page 42 - Us India Relations

India should halt all talks with US, engage like other nations: GTRI

India should withdraw from all negotiations with the US and prepare to engage with the Trump administration in the same way as countries like China and Canada are doing, economic think tank GTRI said on Saturday. The Global Trade Research Initiative (GTRI) Founder, Ajay Srivastava said the US is exerting heavy pressure on India to accept trade demands that largely favour American interests. US President Donald Trump and his officials have criticized India mostly by using incorrect data, he said. "Trump is insulting India publicly using wrong data. No balanced outcome is possible in such circumstances. India should withdraw from all negotiations and prepare to deal with them like other countries are doing," Srivastava said. Against US tariffs, China and Canada have announced retaliatory measures. On Friday, Trump claimed that India had agreed to cut tariffs on American imports after his administration "exposed" what he called unfair trade practices. "This is patently incorrect and

India has agreed to cut tariffs, says Trump amid bilateral trade talks

India and the US are holding discussions on a bilateral trade agreement (BTA) aimed at reducing tariff and non-tariff barriers

US pushes India for a macro trade deal, not tariff tinkering: Lutnick

US commerce secy says agri can't be off the table for talks

India, US in process of advancing discussions on multi-sector BTA, says MEA

The MEA further stated that its objectives is to bolster India-US trade across goods and services sector, increase market access and reduce tariff

As Trump launches the tariff war, how can India safeguard its interests?

With Trump enforcing reciprocal tariffs, India faces trade challenges. Exploring new markets, finalising FTAs, and boosting manufacturing could help counter the impact

'India very high tariff nation': Trump as he warns of reciprocal tariffs

This is the second time that Trump has commented about India's tariffs. Previously, Trump has also called India a 'tariff king'

Will keep India's interests on top in US trade talks: FM Sitharaman

Says govt seized of potential reciprocal tariff problems

Donald Trump's move towards multipolarity suits India, says Jaishankar

The US administration under President Donald Trump is moving towards multipolarity which suits India's interests, and the two nations have agreed on the need for a bilateral trade pact, External Affairs Minister (EAM) S Jaishankar said. During a session titled India's rise and role in the world' at the Chatham House think tank in London on Wednesday evening, the EAM was asked about his thoughts on the first few weeks of the new US government and, specifically, about Trump's reciprocal tariffs. We see a president and an administration which, in our parlance, is moving towards multipolarity and that is something that suits India, said Jaishankar, who is on a six-day visit to the UK and Ireland. From President Trump's perspective, the one big shared enterprise that we have is the Quad, which is an understanding where everybody pays their fair share There are no free riders involved. So that's a good model which works, he said. The Quad alliance consists of the US, India, Australia and

Engineering goods exports to US up 18% in Jan; tariff threat looms: EEPC

India's engineering goods exports to the United States recorded an 18 per cent year-on-year growth in January 2025, reaching USD 1.62 billion, even as overall engineering shipments grew at a modest 7.44 per cent, according to EEPC India. This comes on a day US President Donald Trump criticised the high tariffs charged by India and other countries, terming them as "very unfair" and announced reciprocal tariffs from April 2 on nations that impose levies on American goods. During the April-January period of the current financial year, engineering exports to the US rose nearly 9 per cent to USD 15.60 billion from USD 14.38 billion in the corresponding period last year, it said. Exports to the UAE grew 56 per cent year-on-year to USD 610 million in January, while cumulative shipments rose 45 per cent to USD 6.87 billion during the 10-month period of FY25. Despite geopolitical tensions and growing trade protectionism, India's engineering exports have maintained positive growth for the ni

CBI sends request to US seeking information in Rs 64 crore Bofors case

The CBI has sent a judicial request to the United States seeking information from private investigator Michael Hershman, who had expressed willingness to share with Indian agencies crucial details about the Rs 64-crore Bofors bribery scandal of the 1980s, officials said Wednesday. Hershman, head of the Fairfax Group, visited India in 2017 to attend a conference of private detectives. During his stay, he appeared on various platforms, alleging that the investigation into the scam was derailed by the then Congress government and stated he was willing to share details with the CBI. He had claimed in an interview that he was appointed by the Union Finance Ministry in 1986 for investigation of violation of currency control laws and money laundering by Indians abroad and tracking of such assets outside India and some of them pertained to the Bofors deal. The CBI also approached the Finance Ministry seeking documents pertaining to engagement of Hershman and if any report was submitted by

Shift towards developed markets: India's FTA needle turns to the West

Indian industry always preferred to have deeper trade relations with traditional markets - EU and the US- as it offers industry greater complementarity

Piyush Goyal heads to US for talks as Trump tariffs loom, say officials

Goyal's visit was sudden, as he departed after cancelling previously scheduled meetings until March 8

Commerce minister Piyush Goyal to meet USTR ahead of tariff rollout

During US visit, commerce minister also expected to meet his US counterpart

Indian tariffs are WTO compliant; Centre should convey to US: GTRI

India's import duties are in compliance with the global trade rules and the government should convey this to the US administration, economic think tank GTRI said on Sunday. It also said that negotiating a comprehensive free trade agreement with the US presents several challenges. The US may push India to open government procurement to American firms, reduce agricultural subsidies, weaken patent protections by allowing evergreening, and remove restrictions on data flows, it said, adding India has resisted these demands for decades and is still not prepared to accept. US President Donald Trump on multiple occasions have alleged that India has high tariffs and termed it "tariff king" and "tariff abuser". Tariffs are import duties imposed and collected by the government and paid by companies to bring foreign goods into the country. "India's tariffs are consistent with WTO (World Trade Organisation) rules. "They are the result of a single undertaking at the WTO which all countries ...

India has lower exposure to US tariffs than peers in Apac region: Moody's

Moody's Ratings on Tuesday said India has a lower overall exposure to the US relative to others in the APAC region, although certain sectors such as food, textiles and pharmaceutical products face risks. Moody's said most companies in its rated portfolio are domestic-focused with limited exposure to the US market. To mitigate pressure from reciprocal tariffs, the US and India are reportedly engaged in talks to lower import tariffs on select US products, increase market access for US farm products and increase US energy purchases, while seeking to initiate a trade deal by the fall of 2025. Across APAC, developing countries like India, Vietnam and Thailand have among the widest rate differentials relative to the US, Moody's said. It said electronics, motor vehicles, food and textiles are the most exposed sectors. In addition to the hit from lower export demand, a key risk facing emerging economies in the region is that those aiming to nurture an export-led growth model similar to Chi

India-US tech ties will have long-lasting effect, says Vijay Chauthaiwale

Tariffs are definitely a concern, especially in sectors where our exports are high but we need to remember that it will also impact US consumers, said Vijay Chauthaiwale

UK, EU step up FTA talks with India in US President Donald Trump era

Piyush Goyal to meet UK, EU officials this week

USAID funded 7 projects worth $750 mn in India in FY24: FinMin report

Amid a raging political controversy over USAID's alleged role in influencing Indian elections, the latest annual report of the finance ministry has disclosed that the agency funded seven projects worth USD 750 million in 2023-24. "Currently, seven projects worth a total budget of USD 750 million (approx.) are being implemented by USAID in partnership with Government of India," as per the Finance Ministry annual report for 2023-24. For the financial year 2023-24, an obligation of a total of USD 97 million (about Rs 825 crore) has been made by the US Agency for International Development (USAID) under the seven projects, it said. The Department of Economic Affairs under the Finance Ministry which is the nodal department for bilateral funding arrangements has also shared the details of projects funded in 2023-24 in the report. During the year, no funding was made for enhancing voter turnout but to projects related to agriculture & food security programme; water, sanitation and hygiene

Govt looking into it, facts will come out: Jaishankar on USAID funding row

Amid a row over USAID funding for certain activities in the country, External Affairs Minister S Jaishankar on Saturday said the information put out by Trump administration people is "concerning" and that the government is looking into it. During an interaction at an event here late evening, he also said USAID was allowed in India "in good faith, to do good faith activities", and suggestions are being made out of America that "there are activities which are in bad faith". "So, it surely warrants a look. And, if there is something to it, I think the country should know who are the people involved in the bad faith activities," the external affairs minister said. Jaishankar during the discussion also asserted that "our idea of security actually has to expand in a tech world". Besides, armed forces, civilian police ensuring law enforcement, security is also about "how your thought processes are influenced, how narratives are set, how facts are presented to you, how your mind moulded ..

US President Donald Trump vows to impose reciprocal tariffs on India, China

Trump made the remarks during a press conference in which he was asked about the meeting of Tesla CEO Elon Musk with PM Modi