Page 3 - Us Trade Deals

India offered to cut tariffs on US goods to 'nothing', says Donald Trump

India-US trade deal: Trump said that India does a tremendous amount of business with the US, while the US does very little with India

Japanese minister halts visit after Trump demands Japan buy rice from US

Japan has cancelled a planned visit to Washington amid tensions over US demands for Tokyo to increase American rice imports

Wide ranging, creative policy reforms needed to counter US trade shock

Wide ranging policy reforms are needed to counter American trade shock

We have secured historic trade deals with UK, China, Japan, and EU: Trump

Trump said, foreign nations are now paying hundreds of billions of dollars straight into our treasury, we are receiving trillions of dollars, far beyond billions

Express exports to US show 'small dips' after tariff, says EICI CEO

EICI CEO Vijay Kumar discusses the impact of the 25% tariff on Indian express exports to the US, noting small dips

External pragmatism, internal reforms can turn US tariffs into opportunity

Any sectoral costs of a US trade deal must be compared to the costs of not having a deal. External pragmatism coupled with internal reforms can yet turn this impasse into an opportunity

Vietnam aims to be next Asian tiger with a major economic overhaul

Beneath red banners and a gold bust of revolutionary leader Ho Chi Minh in Hanoi's central party school, Communist Party chief To Lam declared the arrival of a new era of development late last year. The speech was more than symbolic it signalled the launch of what could be Vietnam's most ambitious economic overhaul in decades. Vietnam aims to get rich by 2045 and become Asia's next tiger economy a term used to describe the earlier ascent of countries like South Korea and Taiwan. The challenge ahead is steep: Reconciling growth with overdue reforms, an aging population, climate risks and creaking institutions. There's added pressure from President Donald Trump over Vietnam's trade surplus with the US, a reflection of its astounding economic trajectory. In 1990, the average Vietnamese could afford about USD 1,200 worth of goods and services a year, adjusted for local prices. Today, that figure has risen by more than 13 times to USD 16,385. Vietnam's transformation into a global ...

India must not yield to US pressure in trade talks: Amitabh Kant

India should never lose its strategic autonomy, never yield to pressure while negotiating trade deals with the US, former G20 Sherpa Amitabh Kant said on Friday, while suggesting that the country should look at a long-term perspective and behave in a calm and collected manner. Speaking at the Business Today India@100 event, Kant said India should use trade-related uncertainties as a unique opportunity to carry out very vigorous reforms in the economy. "We still have 20 days for these (US) tariffs to kick in. We should never yield to pressure, but we should negotiate in a very rational manner, in a sensible manner, and I think there is plenty of time to be able to arrive at an agreement," he said. On August 6, the United States announced an additional 25 per cent tariff on all Indian imports, on top of an existing 25 per cent duty, taking the total duty to 50 per cent effective August 27. The White House said the measure was in response to India's continued purchase of Russian oil.

How the US chose not to bully China but singled out India in trade war

The Indian establishment, which largely welcomed Trump's ascent to power and genuinely believed that the two were on the cusp of a mutually beneficial deal, seems somewhat shell-shocked

US confirmed end to stacking, car tariff cuts in trade talks, says Japan

Japan was hit with higher-than-expected universal tariffs as part of the wave of new levies introduced by the Trump administration Thursday

Tariff Impact: Emkay says buy the dip, stick to discretionary, industrials

Trump Tariff Impact: The US has imposed a 25 per cent penalty via executive order, which takes the total tariff burden to 50 per cent on select Indian goods.

WH wary of 50% tariffs on India, China, says won't hurt US interests

White House Trade Adviser Peter Navarro said US wants to impose tariffs on China without hurting its own economy

Key exemption allows most Canadian, Mexican goods to enter US tariff-free

US President Donald Trump raised the tariffs on Canadian goods to 35 per cent last week, but a key exemption for Canada and Mexico shields the vast majority of goods from the punishing duties. Goods that comply with the 2020 United States-Mexico-Canada Agreement trade pact that Trump negotiated during his first term are excluded from the tariffs. Here is a look at Trump's tariffs on the two countries and their exemptions: Most Canadian exports reaching the US duty free Canada's central bank says 100 per cent of energy exports and 95 per cent of other exports are USMCA compliant. The Royal Bank estimated that almost 90 per cent of Canadian exports appear to have accessed the US market duty free in April. Canadian Prime Minister Mark Carney said the commitment of the United States to the core of USMCA, reaffirmed again last week, means the US average tariff rate on Canadian goods remains one of its lowest, and over 85 per cent of Canada-US trade continues to be tariff free. "Canada

Trump vows 'very substantial' tariff hike on India within 24 hours

Trump threatens to raise tariffs on Indian imports 'very substantially', citing Russian oil purchases; India calls criticism unfair, defends energy ties with Moscow

US trade deficit narrows to $60.2 bn in June as imports decline sharply

Imports of consumer goods fell to the lowest level since September 2020, and industrial supplies and motor vehicles were also down. Meantime, inbound shipments of capital equipment rose

PM Modi defiant as Trump steps up pressure on India's Russian oil purchases

Modi's government hasn't given India's oil refiners instructions to stop buying Russian oil, and no decision has been taken on whether to halt the purchases

Trump orders trade tariffs on 68 nations: Who has a deal and who doesn't

Donald Trump signs order imposing tariffs on 68 countries and EU from August 7; while some nations secured last-minute trade deals, many - including India and Canada - face steep new duties

India to pay 25% tariff plus penalty for Russian oil, defence buys: Trump

US President Donald Trump described India's trade policies as the 'most strenuous and obnoxious non-monetary trade barriers of any country'

India presses ahead with US trade talks despite looming Aug 1 tariffs

India is pushing ahead with trade deal talks with the US despite looming Trump-era tariff threats, focusing on long-term economic alignment beyond short-term disruption

India may pay 20% to 25% tariff but not yet final, says Donald Trump

India has been a good friend, but India has charged basically more tariffs than almost any other country, said Donald Trump