Us Trade

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

India, China have most tariffs, no inflation: US commerce secy nominee

Two countries India and China have the most tariffs but no inflation, an American businessman nominated by US President Donald Trump to be his commerce secretary told lawmakers on Thursday, making a point that there is no relationship between tariffs and inflation. The two top countries with tariffs, India and China, have the most tariffs and no inflation, it is just nonsense that tariffs cause inflation. It is nonsense, Howard William Lutnick, former head of Cantor Fitzgerald, told members of the Senate Commerce, Science, and Transportation Committee during his confirmation hearing. He assured senators that the economy of the United States of America will be much, much better. A particular product's price may go up, but all of them, this is not inflationary, he asserted. Responding to questions, Lutnick said the United States is treated horribly by the global trading environment. They all have higher tariffs, non-tariff trade barriers and subsidies. They treat us poorly. We need

In call with PM Modi, Trump calls for progress toward 'fair' trade ties: WH

US President Donald Trump, in a "productive" phone call with Prime Minister Narendra Modi, sought a move towards a "fair" bilateral trading relationship and deeper India-US cooperation, according to the White House. The two leaders also discussed plans for Modi to visit the US, the White House said in a readout of the call on Monday. Today, President Donald J Trump held a productive call with Prime Minister Narendra Modi of India. The two leaders discussed expanding and deepening cooperation," the readout said. They also discussed a range of regional issues, including security in the Indo-Pacific, the Middle East, and Europe. The President emphasised the importance of India increasing its procurement of American-made security equipment and moving toward a fair bilateral trading relationship, the White House said. The leaders discussed plans for Prime Minister Modi to visit the White House, underscoring the strength of the friendship and strategic ties between our nations, accordin

Senators demand US trade chief halt 'secret' talks on investor protections

Tai was seeking to reach binding agreements on legal interpretations of investment protections before President-elect Donald Trump takes office on Monday, the letter said

US goods trade gap widens to $102.9 bn in November on rebound in imports

The goods trade gap increased to a seasonally adjusted $102.9 billion last month from $98.3 billion in October, the Commerce Department's Census Bureau said on Friday

Decoded: Why Donald Trump wants to retake control of Panama Canal

Donald Trump's said that the US 'foolishly' ceded the canal to Panama, blaming the 'ridiculous' fee charged to American ships to pass through the channel

Reduce transit fees or return it: Trump threatens to reclaim Panama canal

The US is the canal's biggest customer, responsible for about three quarters of the cargo transiting through each year

Donald Trump nominates Jamieson Greer as his US Trade Representative

US President-elect Donald Trump has picked Jamieson Greer to serve as the United States Trade Representative (USTR) and appointed Kevin A Hassett as the director of the White House National Economic Council. "Jamieson played a key role during my First Term in imposing Tariffs on China and others to combat unfair Trade practices, and replacing the failed NAFTA deal with USMCA, therefore making it much better for American Workers," Trump said. "His efforts under the former USTR, Bob Lighthizer, a spectacular leader and person, helped spur the return of Manufacturing jobs to America, and reverse decades of disastrous Trade policies. "Jamieson will focus the Office of the US Trade Representative on reining in the Country's massive Trade Deficit, defending American Manufacturing, Agriculture, and Services, and opening up Export Markets everywhere," the president-elect said. Greer is currently a partner at the Law Firm of King & Spalding and served as the Chief of Staff at USTR before ..

Why foreign financial firms have quit

A surge in prosperity between 2005 and 2008 was purely due to a massive global boom across all geographies

US names Brendan Lynch as assistant USTR for South and Central Asia

For the past 11 years, Lynch has been a member of the USTR team, serving in several capacities related to the South and Central Asia region

India cuts import duty to 5-10% on some fresh, processed food items

The tariff cut is unlikely to hurt the domestic market since this is an exclusive market that caters to a limited segment that wants to buy international products

Six Indian markets offer counterfeit products, shows US report

For instance, Heera Panna market reportedly offers counterfeit watches, footwear, accessories, and cosmetics that may have health and safety risks

'Crossed $200 bn in trade': USISPF President points to strong India-US ties

Mukesh Aghi, President and CEO of USISPF emphasized collaborative efforts in areas such as engines, quantum computing, artificial intelligence (AI), cybersecurity, and space partnerships

India to press for social security pact at Trade Policy Forum meet with US

New Delhi will raise issues of visa delay, exports of pharma goods and marine products

India to seek greater market access for mangoes in TPF meet with US on Fri

India will raise a number of issues with the US such as inking social security pact, and greater market access for mangoes in America during the Trade Policy Forum (TPF) meet here on Friday, an official said. The official said India will also raise issues pertaining to delay in visa; increasing exports of table grapes, pharma goods, and marine products like wild caught fish and shrimp; reinstating the Generalized System of Preferences (GSP) status to India; and export control regulations for high-tech products and technologies. The 14th TPF meet will be co-chaired by US Trade Representative Katherine Tai and Commerce and Industry Minister Piyush Goyal here. Social security, or totalisation agreement, is a long-pending demand of the country, as it will provide social security to Indian professionals in America. This would eliminate dual social security deduction, both in the home country and in the nation where an employee works. Under this, an expatriate in either country need not

RoDTEP does not violate WTO principles, India to convince US: Official

The RoDTEP scheme came into effect three years ago to refund the embedded non-creditable central, state, and local levies paid on inputs to exporters

US trade deficit widened less than expected in July, export value up 1.6%

The shortfall in goods and services trade grew to $65 billion from a revised $63.7 billion in the prior month, Commerce Department data showed Wednesday

Jaishankar discusses supply chain resiliency with US trade representative

Jaishankar was also a part of Prime Minister Narendra Modi's delegation at the 15th BRCIS Summit in Johannesburg, South Africa