Page 2 - Us On India Trade

Operation over, patient healing: Trump defends reciprocal tariffs

Trump's tariff salvo has also reignited the fears of a global recession, as well as inflation in the US

Let America pay for tariffs for a while, says Deepak Shenoy of Capitalmind

Reciprocal tariffs, announced by US President Donald Trump, might have a long-term, negative impact on the global economy, warned Deepak Shenoy, founder and CEO of CapitalMind over an 'X' post.

Govt sets up control room to monitor Trump's tariff announcements: Report

The government has set up a control room to monitor the announcements by US President Donald Trump regarding the imposition of reciprocal tariffs against key trading partners including India at 1.30 am (India time), source said. Senior officials from ministries including commerce and industry will be present in the control room for close watch of the announcements, they said. US President Donald Trump has said the tariff announcements, scheduled for early morning Thursday (India time), will turn out to be a 'Liberation Day' for the US. The commerce ministry is working on possible four scenarios to assess the potential fallout of these reciprocal tariffs as there is still an uncertainty over the quantum and manner in which these levies will be imposed. According to trade experts, the duties could be announced either country wise of sector wise or at product level. The domestic industry and exporters have raised concerns over the possible impact of the US' reciprocal tariffs on Indi

Trump reciprocal tariff: Which Indian sectors will be impacted from April 2

From auto to tech: What sectors will be most impacted by Trump reciprocal tariffs that will go into effect on April 2

India, US to hold sectoral talks under trade pact in coming weeks: Govt

India and the US have decided to hold sectoral talks under the proposed bilateral trade agreement (BTA) in the coming weeks, the commerce ministry said on Saturday. It was decided after the four-day negotiations of senior officers from India and the US. These negotiations ended on Saturday here. "Sectoral expert-level engagements under the BTA will start virtually in the coming weeks and pave the path for an early negotiating round in person," the ministry said. In order to realise the shared objective of promoting growth that ensures fairness, national security and job creation, both sides have through four days of discussions here broadly come to an understanding on the next steps towards a mutually beneficial, multi-sector BTA, with the goal to finalise its first tranche by fall 2025, it said. During these discussions, the two sides held a productive exchange of views on deepening bilateral cooperation in priority areas, including increasing market access, reducing tariff and ..

Tariff exemption to India will push Indo-US bilateral trade, say exporters

Exempting India from the imposition of reciprocal tariffs by the US would help facilitate seamless bilateral trade between the two countries, say exporters. Any tariffs on Indian products would hurt shipments to Washington, they said. According to reports, US President Donald Trump has said that automobile tariffs will be coming soon even as he indicated that some countries may get an exemption from reciprocal tariffs to be imposed on April 2. Federation of Indian Export Organisations (FIEO) said that India certainly deserves an exemption or waiver from reciprocal tariffs as it is constructively engaged with America at different levels and also for a Bilateral Trade Agreement. "The Mission 500 to take bilateral trade from the current level of about USD 200 billion to USD 500 billion requires a greater push for seamless trade, which the exemption will further facilitate," FIEO Director General Ajay Sahai said. Another exporter said that the exemption to India would remove tariff ..

'Somebody is finally exposing them': Trump attacks India's tariffs regime

This development comes as the US prepares to introduce reciprocal tariffs on countries that impose high levies on American goods

$500 bn trade target with US to help boost India's exports: Exporters

A target to take bilateral trade to USD 500 billion by 2030 and plans to negotiate a bilateral trade agreement will help India boost its exports to the US, exporters say. The focus on technology, defence, and green energy will particularly benefit India's export sectors and enhance global competitiveness, exporters said. Federation of Indian Export Organisations (FIEO) President Ashwani Kumar underscored the importance of enhancing bilateral trade by eliminating barriers and streamlining processes. International trade expert and Hi-Tech Gears Chairman Deep Kapuria said that the USD 500 billion bilateral trade target is an important outcome of Prime Minister Narendra Modi's high-level visit to Washington. "Since India has surplus in trade with the US, it would bring significant gains to India in terms of enhanced export to the world's largest economy. What is important here is that the two leaders have agreed to negotiate the first tranche of a mutually beneficial multi-sector ...

Trade, energy imports in focus as PM Modi to meet Trump during key US visit

PM Modi's US visit takes on added significance as Donald Trump plans to introduce reciprocal tariffs, with an announcement expected just before the Indian PM's arrival in Washington DC

India, US to elevate support to build global clean energy supply chains: WH

The US and India plan to elevate bilateral technical, financial, and policy support to expand complementary manufacturing capacity for building on existing clean energy cooperation between the two nations, according to the White House. The announcement on Saturday came after the meeting of Prime Minister Narendra Modi and US President Joe Biden at Greenville, Delaware. Prime Minister Modi is in the US on a three-day visit. To launch the partnership for establishing a "shared, resilient, and cutting-edge techno-industrial base" centred on innovative clean energy manufacturing techniques, the US and India are "working to unlock USD 1 billion in new multilateral finance through the International Bank for Reconstruction and Development (IBRD) for projects, including catalysing India's domestic clean energy supply chain buildout", the White House said in a statement. The partnership will look to expand complementary US and Indian manufacturing capacity for clean energy technologies and

American pistachio industries eyeing 'fast-growing' Indian markets

India does not cultivate or produce any pistachios. So pistachios are actually imported, either from Persia, Iran, or now from California

India, US negotiating on wide range of trade concerns: Congressional report

India and the US are negotiating on a wide range of trade concerns, including greater access to the Indian market for American agricultural products

India and Trade Theory

There are a few theories that are particularly relevant in the context of India-US trade

Countries should be concerned about India's trade-distorting policy: US

Over the last five years, India has exported between $5.3 billion and $8 billion of rice, which is more than any other country