US India Relations

US reciprocal tariff: Time to abandon protectionist mindset, says Goyal

Reflecting on the changing global scenario, the minister has assured all export promotion councils that the government is working on an overtime basis

Updated On: 13 Mar 2025 | 11:59 PM IST

US tariffs on steel & aluminium come into effect; MSMEs to be hit

While large steel players that produce carbon steel products may not see any major impact, since exports of such products is limited

Updated On: 12 Mar 2025 | 11:35 PM IST

India steel chief downplays impact of Trump tariffs on industry exports

Trump administration imposed 25% tariffs on steel and aluminium imports that took effect on Wednesday

Updated On: 12 Mar 2025 | 12:53 PM IST

India imposing 150% tariff on US alcohol, 100% on agriculture goods: WH

While addressing a press briefing, Press Secretary Karoline Leavitt said that US President Donald Trump believes in reciprocity and wants to have fair and balanced trade practices

Updated On: 12 Mar 2025 | 8:20 AM IST

US V-P JD Vance, Second Lady Usha Vance likely to visit India this month

The visit by the US Vice President will be the second since President Donald Trump took office in January this year

Updated On: 12 Mar 2025 | 7:51 AM IST

Piyush Goyal likely to visit US later this month with revised tariff offer

This could be the Commerce minister's second visit to US in less than a month

Updated On: 11 Mar 2025 | 11:13 PM IST

India, US to focus on mkt access, reducing tariff, non-tariff barriers: MoS

India and the US are planning to negotiate a trade agreement and both countries will focus on increasing market access, reducing import duty and non-tariff barriers, and enhancing supply chain integration, Parliament was informed on Tuesday. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said that as on date, reciprocal tariffs have not been imposed by the US on India. "Both countries plan to negotiate a mutually beneficial, multi-sector Bilateral Trade Agreement. Both countries would focus on increasing market access, reducing tariff and non-tariff barriers, and enhancing supply chain integration," he said. The US issued Memorandum on Reciprocal Trade and Tariffs on February 13, wherein the Secretary of Commerce and United States Trade Representative are to take necessary actions to investigate harm to America from any non-reciprocal trade arrangements adopted by trading partners and provide a report with detailed proposed remedies fo

Updated On: 11 Mar 2025 | 2:03 PM IST

US' Tulsi Gabbard to visit India during multi-nation trip to Indo-Pacific

Notably, this is the first visit by a top White House official to India, under the Trump administration

Updated On: 11 Mar 2025 | 6:56 AM IST

India should safeguard national interest while negotiating with US: SJM

India should enhance its foreign trade under bilateral trade agreements rather than multilateral deals and protect its national interest, especially that of the farmers and small entreprenuers, while negotiating with the US, the Swadeshi Jagran Manch (SJM) said on Monday. The SJM's national council passed a resolution in this regard at its meeting in Chhattisgarh, the RSS affiliate said in a statement. The two-day meeting held in Raipur, which deliberated on a host of issues, including strengthening India's economy amid a changing geopolitical scenario and the Donald Trump administration's policy of reciprocal tariffs, concluded on Monday. "After taking over as US president, Donald Trump has launched a frontal attack on the global free trade system by announcing his intent to impose higher tariffs (on reciprocal basis) on imports from many countries around the world," the resolution said. The move is intended to bring back manufacturing to the US so that the issue of unemployment

Updated On: 10 Mar 2025 | 2:22 PM IST

Trump's tariff threats may be good for India: Ex-RBI deputy Viral Acharya

Acharya, who was a deputy governor at the RBI between 2017 and 2019, said large firms that had benefited from the protectionist measures will initially lose some value, but the economy will benefit

Updated On: 10 Mar 2025 | 7:39 AM IST

Trump tariffs unlikely to impact rising Indian textile exports, say experts

In terms of tariffs on textiles and clothing, while India imposes a 10.4 per cent tariff on US imports, the tariff for Indian importers in the US is 9 per cent

Updated On: 09 Mar 2025 | 11:40 PM IST

Resetting trade: Govt should inform how trade talks with US are progressing

Resetting trade with the US and the European Union would be a step forward for India, and the government must work on building domestic approval of deals as quickly as possible

Updated On: 09 Mar 2025 | 11:32 PM IST

India accelerates efforts to finalise bilateral trade deal with US

New Delhi working on ways to reduce average applied tariff

Updated On: 09 Mar 2025 | 10:59 PM IST

India eyes strong trade deal with US, aims to double trade: Sitharaman

Finance Minister Nirmala Sitharaman on Saturday said India is looking for a "good" trade agreement with the US to promote economic growth and ensure smooth supply chains. She also said that amid a growing global tariff war, India will have to move "smartly" to guard against possible dumping of goods from countries that are facing higher US tariffs. At the same time, India will protect the interests of domestic industries that rely on affordable imports. "In a broad sense, I think, both sides should have ambition for a good treaty, and nobody can fault that. Particularly for India, when you are looking at Viksit Bharat, you need to have good traction. Everybody is concerned about the growth numbers," she said at The Economic Times Awards. The minister said that a lot more steps are required to strengthen the country's exports across the board, wherever there is potential. "So, I am sure the commerce minister (Piyush Goyal) is quite seized of this, and he would take this (trade) ...

Updated On: 08 Mar 2025 | 10:07 PM IST

'Premature to talk about details of negotiations on Indo-US trade deal'

Negotiations between India and the US for a trade deal have just begun and it would be premature to talk about its details, government sources said on Saturday, hours after US President Donald Trump said India agreed to cut tariffs "way down". It is natural for both the countries to have their interests and sensitivities and these are legitimate matters for a discussion, the sources said. Last month, India and the US announced that they would negotiate a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) following talks between Prime Minister Narendra Modi and Trump in Washington DC. Commerce Minister Piyush Goyal was in the US this week to hold talks on the trade deal with his American counterpart as well as the US Trade Representative and their teams. Trump's announcement on Friday that India agreed to bring tariffs "way down" was largely viewed by New Delhi as premature. "India charges us massive tariffs, you can't even sell anything in India, it's almost ...

Updated On: 08 Mar 2025 | 9:18 PM IST

India should halt all talks with US, engage like other nations: GTRI

India should withdraw from all negotiations with the US and prepare to engage with the Trump administration in the same way as countries like China and Canada are doing, economic think tank GTRI said on Saturday. The Global Trade Research Initiative (GTRI) Founder, Ajay Srivastava said the US is exerting heavy pressure on India to accept trade demands that largely favour American interests. US President Donald Trump and his officials have criticized India mostly by using incorrect data, he said. "Trump is insulting India publicly using wrong data. No balanced outcome is possible in such circumstances. India should withdraw from all negotiations and prepare to deal with them like other countries are doing," Srivastava said. Against US tariffs, China and Canada have announced retaliatory measures. On Friday, Trump claimed that India had agreed to cut tariffs on American imports after his administration "exposed" what he called unfair trade practices. "This is patently incorrect and

Updated On: 08 Mar 2025 | 2:16 PM IST

India has agreed to cut tariffs, says Trump amid bilateral trade talks

India and the US are holding discussions on a bilateral trade agreement (BTA) aimed at reducing tariff and non-tariff barriers

Updated On: 08 Mar 2025 | 2:14 PM IST

US pushes India for a macro trade deal, not tariff tinkering: Lutnick

US commerce secy says agri can't be off the table for talks

Updated On: 07 Mar 2025 | 11:15 PM IST

India, US in process of advancing discussions on multi-sector BTA, says MEA

The MEA further stated that its objectives is to bolster India-US trade across goods and services sector, increase market access and reduce tariff

Updated On: 07 Mar 2025 | 6:23 PM IST

As Trump launches the tariff war, how can India safeguard its interests?

With Trump enforcing reciprocal tariffs, India faces trade challenges. Exploring new markets, finalising FTAs, and boosting manufacturing could help counter the impact

Updated On: 07 Mar 2025 | 12:06 PM IST