Page 6 - Us Trade Deals

Piyush Goyal meets US commerce secretary to discuss proposed trade pact

Commerce and Industry Minister Piyush Goyal on Friday held his second meeting with US Commerce Secretary Howard Lutnick in Washington to discuss the proposed bilateral trade agreement currently under negotiation between the two countries. On May 20 also, Goyal held a meeting with Lutnick to expedite the talks on the first phase of the trade pact. "Held a constructive meeting with Secretary @HowardLutnick for a mutually beneficial trade agreement. Committed to enhancing opportunities for our businesses and people," Goyal said in a post on X. The meeting assumes significance as both the countries are looking at finalising an interim trade pact by July 8. The four-day discussions between the chief negotiators have also concluded in Washington on May 22. In the interim trade deal, New Delhi is pushing for full exemption from the 26 per cent reciprocal tariff on Indian goods. The US on April 2 imposed an additional 26 per cent reciprocal tariff on Indian goods but suspended it for 90

India offered to cut US tariffs, but we are not rushing a deal: Trump

Trump cited India as an example of a country where he's seeking to slash barriers to US exports during an interview with Fox News host Bret Baier that aired Friday

Trump says India offered a trade deal with 'zero tariffs' on US goods

Trump claimed that India was offering 'no tariffs' on US exports, but did not elaborate on the trade deal

India-US trade deal hopes lift mood, Sensex up 1,200 pts, Nifty above 25k

The rally came after comments from President Trump that India had offered a zero-tariff trade deal to the United States

Goyal to lead team of officials to Washington for trade talks from May 16

Commerce and Industry Minister Piyush Goyal will lead a team of senior Indian officials to Washington starting May 16 for discussions with their US counterparts on the proposed bilateral trade agreement (BTA), an official said on Tuesday. Goyal is expected to hold meetings with US Trade Representative (USTR) Jamieson Greer and US Commerce Secretary Howard Lutnick during his visit. The four-day talks come against the backdrop of both countries exploring the possibility of an interim trade arrangement in goods to secure "early mutual wins" ahead of finalising the first phase of the trade agreement by fall (September-October) this year. Through these discussions, officials from New Delhi and Washington aim to take advantage of the 90-day tariff pause window to advance the talks. The US has suspended the additional 26 per cent tariffs on India till July 9. It was announced on April 2 to bridge the widening trade deficit. However, the 10 per cent baseline tariff imposed on the countrie

Stocks to watch today, May 13: Tata Motors, Airtel, GAIL, Cipla, Tata Steel

In the previous trading session, Sensex jumped 2,975.43 points, or 3.7 per cent, to close at 82,429.90 levels. The Nifty50 closed at 24,924.7, up by 916.7 points, or 3.8 per cent.

US-China reciprocal tariff truce likely to narrow India's export edge

Even though US tariffs on Indian goods remain at 10%, the massive tariff gap that once favoured India is shrinking fast

Trade deal with India may take time: US commerce secretary Howard Lutnick

An Indian delegation led by chief negotiator Rajesh Agrawal is scheduled to visit the US later this month

India, UK deal in time of US trade talks: Long-pending FTA finally sealed

The India-UK FTA is being touted as a modern, and the most comprehensive agreement that India has signed till now - comprising non-trade issues such as gender, labour, anti-corruption, sustainability

US, China begin tariff talks in Geneva amid global trade concerns

The US Treasury Secretary and America's top trade negotiator began talks with high-ranking Chinese officials in Switzerland Saturday aiming to de-escalate a dispute that threatens to cut off trade between the world's two biggest economies and damage the global economy. The Xinhua News Agency says Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer have begun meetings in Geneva with a Chinese delegation led by Vice Premier He Lifeng. Diplomats from both sides also confirmed that the talks have begun but spoke anonymously and the exact location of the talks wasn't made public. Prospects for a major breakthrough appear dim. But there is hope that the two countries will scale back the massive taxes tariffs they've slapped on each other's goods, a move that would relieve world financial markets and companies on both sides of the Pacific Ocean that depend on US-China trade. US President Donald Trump last month raised US tariffs on China to a combined 145%, and .

India offers steep tariff cuts to speed up trade pact talks with Trump

India has offered preferential access to nearly 90% of goods imported from the United States, including the reduced tariffs, one of the two officials said

Trump calls US-UK trade deal 'comprehensive', vows lasting partnership

Trump earlier in the day said that Thursday would be a very big and exciting day for the United States and Britain, and that there would be a news conference at 10 ET (1400 GMT)

India has already agreed to drop its high tariffs to nothing: Donald Trump

US President Donald Trump on Tuesday said India has agreed to drop its high tariffs to nothing. I mean, India as an example, has one of the highest tariffs in the world. We're not going to put up with that, and they've agreed already to drop it. They'll drop it to nothing. They've already agreed. They would have never done that for anybody else but me, Trump told reporters in the Oval Office. Trump and visiting Canadian Prime Minister Mark Carney spoke to reporters as they met in the Oval Office to discuss the US-Canada trade. So we're going to put down some numbers and we're going to say our country is open for business and they're going to come in and they're going to pay for the privilege of being able to shop in the United States of America. It's very simple. It's very simple, he added. In the past, Trump has called India tariff king and a big abuser. Last month, Trump had said that negotiations with India over a bilateral trade deal are coming along great and he thinks we'll

US trade deficit swells to record high amid rush to beat tariffs in March

Economists polled by Reuters had forecast the trade deficit rising to $137.0 billion from the previously reported $122.7 billion in February

Dollar under pressure as fading trade hopes boost rise of Asian currencies

The dollar was last down 0.5% on the Japanese yen at 142.99, and also lost ground versus European currencies with the euro and pound both up 0.2% at $1.1341 and $1.3328 respectively

India-US trade pact's terms of reference includes about 19 chapters: Report

The terms of references (ToRs) finalized by India and the US for the proposed bilateral trade agreement include around 19 chapters covering issues such as tariffs, goods, non-tariff barriers, and customs facilitation, official sources said. To give further impetus to the talks in the 90-day tariff pause window, an Indian official team will be visiting Washington next week to iron out differences on certain issues before formally launching negotiations for the proposed India-US bilateral trade agreement (BTA). India's chief negotiator, Additional Secretary in the Department of Commerce Rajesh Agrawal, will lead the team for the first in-person talks between the two countries. Agrawal was appointed as the next commerce secretary on April 18. He will assume office from October 1. The three-day Indian official team's talks with the US counterparts in Washington will start from Wednesday (April 23). "Both sides will discuss the level of ambition. The ToRs will be further developed and .

Keir Starmer holds 'productive' talks with Trump on UK-US trade deal

British Prime Minister Keir Starmer said he and President Donald Trump held productive talks on the ongoing discussions towards a trade agreement with the US to address the hefty import tariffs imposed by the American administration on countries around the world. Downing Street said the phone call on Friday also covered the Russia-Ukraine conflict and the recent US strikes on a Yemeni port to target Houthi rebels. The call came soon after Trump told reporters at the White House that his proposed second State Visit at the invitation of King Charles III is expected in September, a timeline yet to be confirmed by Buckingham Palace. The prime minister spoke to the President of the United States, Donald Trump, this afternoon, a Downing Street spokesperson said in a readout of the call. The leaders began by discussing the ongoing and productive discussions between the UK and the US on trade. The prime minister reiterated his commitment to free and open trade and the importance of protect

Industry bodies seek immediate safeguards against influx of Chinese goods

Chinese imports of medical devices, viscose staple yarn, and gloves surge; industry seeks urgent anti-dumping measures

India wants to seal US trade deal with an 'urgency' not seen before

During Modi's visit to the White House in February, India and the US had said that they plan to sign a trade deal by the fall of this year

India aims to negotiate US trade deal by fall: Jaishankar on 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