Page 2 - Us Trade

Centre consults industry on India-US trade pact, seeks suggestions

The commerce ministry on May 2 held a comprehensive consultation with the domestic industry on the proposed India-US trade agreement and sought suggestions to further deepen bilateral trade ties in a mutually beneficial manner, an official said. The stakeholder consultation was chaired by Special Secretary in the ministry Rajesh Agrawal. He is also India's chief negotiator for the India-US bilateral trade agreement (BTA). During the meeting, Department of Commerce briefed the industry representatives on recent developments related to India-US trade ties and solicited their views and suggestions to further expand them in a mutually beneficial manner, the official added. The special secretary assured the industry that their inputs would be factored in the ongoing trade negotiations. Senior representatives from industry bodies including Confederation of Indian Industry, FICCI, PHDCCI, India Cellular and Electronics Association and Assocham participated in the deliberations. The first

Brics group shows internal rifts as ministers fall short of joint statement

Brazil said the group's foreign ministers expressed "serious concern at the prospect of a fragmented global economy and the weakening of multilateralism"

RSS-backed meet to discuss US, EU protectionism and India's response

Union ministers, CMs, economists to attend

The forgotten consumer: How trade policy ignores the largest interest group

Trade policy, whether in the US or India, is made without taking the largest interest group into account

BTA push: Indian team to visit US next week to discuss modalities

This will be the first in-person meeting between the officials from India and the US since the finalisation and signing of the terms of reference of the proposed trade deal in March

BoJ warns of heightened uncertainty as Trump tariffs rattle markets

While the BoJ statement did not make direct mention of higher US tariffs, it warned that "some firms voiced concern over the impact on output and profits" from US trade uncertainty

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 ..

India, US officials conclude round of talks on proposed trade pact: Report

India and the visiting US officials have concluded a round of talks on Saturday for the proposed bilateral trade agreement, government sources said. They said the negotiations are progressing well. A team of US officials, headed by Assistant US Trade Representative for South and Central Asia Brendan Lynch, was here for negotiations on the proposed agreement. On Friday, US President Donald Trump described Prime Minister Narendra Modi as a "very smart man" and a "great friend of mine" while emphasising that tariff talks would "work out very well between India and our country". The remarks assume significance since Trump has repeatedly criticised the alleged high tariffs charged by India and other countries on American goods. He has announced plans to impose reciprocal tariffs on its key trading partners, including India, on April 2. "India is one of the highest tariffing nations in the world. It's brutal, it's brutal. They're very smart. He (Modi) is a very smart man and a great fri

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 ..

Industrial goods tariffs be India's focus during trade talks with US: GTRI

Both sides hope to finalise the first tranche of the agreement by the fall of 2025

Trade uncertainty: US trade policy can complicate the Fed's choices

The administration's policies on immigration, for instance, will have longer-term consequences for the US economy

Trump fires 2 Democrats from FTC, seeks greater regulatory control

President Donald Trump fired two Democratic members of the Federal Trade Commission on Tuesday, intensifying efforts to exert his administration's control over independent agencies across the government. Commissioners Alvaro Bedoya and Rebecca Kelly Slaughter said they'd been dismissed illegally and would sue to block Trump's order. They also said they consider themselves still part of the FTC, though whether they will still have access to their offices and logistical tools like email going forward was unclear. Removing Bedoya and Slaughter could free up space on the five-member FTC for new commissioners loyal to Trump and his priorities and policies. The White House confirmed the dismissals. FTC Chair Andrew Ferguson, a Republican whom Trump designated for the role upon taking office in January, released a statement on X saying he had no doubts about Trump's constitutional authority to remove Commissioners, which is necessary to ensure democratic accountability. The FTC is a ...

Nations can avoid Trump's April tariffs by cutting trade barriers: Bessent

Trump has said that his "reciprocal tariffs" to bring US tariffs to other countries' levels and offset trade practices his administration deems unfair will take effect on April 2

Trump vows to respond to EU's threat of counter tariffs on US goods

Trump said Ireland had used its tax policies to lure away pharmaceutical and other companies from the United States, but US reciprocal tariffs would help rebuild US manufacturing

Canada will be in trade war with US for 'foreseeable future', says Trudeau

Donald Trump launched a new trade war by imposing tariffs against Washington's three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China

US trade deficit hits record high in Jan on imports surge ahead of tariffs

The deterioration in the trade deficit and drop in consumer spending in January have raised the risk of a contraction in gross domestic product in the first quarter

India is closely monitoring trade talks with US, says FM Sitharaman

Commerce Minister Piyush Goyal is currently in the US for discussions aimed at safeguarding Indian exporters' interest

Trump admin moots 25% tariffs on auto, pharma, semiconductor imports

US risks shortages as India dominates generics space; automakers see muted pain

Trump plans to unveil reciprocal tariffs next week amid trade war fears

Trump made the announcement during a meeting with visiting Japanese Prime Minister Shigeru Ishiba

India in wait-and-watch mode as US President Trump unleashes trade war

Even though Trump has repeatedly labelled India a high-tariff nation, he has yet to take action against New Delhi