Page 6 - Us Trade Deals

Indian trade team stays longer in US to finalise deal before Jul 9 deadline

US President Donald Trump last week said "a very big" deal with India was likely soon amid hardening stance of both the nations

India, US trying to finalise interim trade deal before Jul 9: Sources

India and the US are engaged in negotiations for an interim trade deal and are trying to finalise the pact before July 9, sources said on Monday. The high tariffs announced by the US on April 2 were suspended by the Trump administration till July 9. The US, on April 2, imposed an additional 26 per cent reciprocal tariff on Indian goods but suspended it for 90 days. However, the 10 per cent baseline tariff imposed by America remains in place. India is seeking full exemption from the additional 26 per cent tariff. "We are very keen, we are engaged, we are trying. Both sides are trying, but both sides have to be happy," sources said when asked if the two countries are keen to finalise an interim trade agreement by July 9. There are always certain areas which are difficult in a trade agreement, they added. Agriculture and dairy sectors are "difficult and challenging areas for India. And India has not opened up dairy in any of its free trade pacts," one of the sources said. The US wan

Tangled trade ties: US-China agreement offers little hope of breakthrough

For other trading partners, the US-China deal, as it currently stands, suggests that tariffs would settle at significantly higher levels than before the announcement of the so-called reciprocal tariff

From non-negotiable to liberal: India sets agri tariff tiers for US

Concessions unlikely on grains; approach lenient towards almonds, blueberries

UK's timeline for US deal too ambitious, says ex-trade advisor Falconer

Trump's tariffs are already weighing on the UK's beleaguered steel industry, with some manufacturers saying American orders have dried up

India, US race to seal interim tariff deal ahead of Trump's July deadline

US Commerce Secretary Howard Lutnick said in Washington on Monday that trade negotiations were progressing and a deal could be finalised soon

Sensex dips 800 pts, Nifty below 24,600 as latest tariff hikes jolt markets

Why stock markets fell today: Indian equity benchmark fell, tracking Asian markets as trade tensions flared up over the weekend with fresh steel and aluminium tariffs by the US

"So much for being Mr Nice Guy!": Trump slams China on tariff agreement

US President claims China "totally violated" agreement as trade tensions resurface despite 90-day tariff truce

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)