Us Trade Deals

India accelerates efforts to finalise bilateral trade deal with US

New Delhi working on ways to reduce average applied tariff

'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 ...

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

House report reveals China's role in US fentanyl crisis, calls for action

Investigation reveals that nearly all illegal fentanyl ingredients are made by Chinese companies and then sent to Mexican drug cartels, which produce and distribute fentanyl in the US

'It's possible, it's possible': Trump hints at new trade deal with China

Trump signed a trade deal with China in January 2020. Under this agreement, China promised to protect US trade secrets, buy $200 billion worth of US products, and lower some trade barriers

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

Trump hails security partnership with Japan, announces $1 bn defence sales

Japan has been increasing its defence spending, and Donald Trump expressed his satisfaction with Japan's plans

US trade deficit widens sharply due to record high imports in Dec

The trade gap increased 24.7 per cent to $98.4 billion, the highest since March 2022, from a revised $78.9 billion in November, the Commerce Department's Bureau of Economic Analysis said

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

India, US need to work together to lower tariffs: US Ambassador Garcetti

Speaking at an industry event organised by the US-India Business Council (USIBC), Garcetti called India the "highest tariff" major economy in the world

Possible work halt at Canada's 2 largest railroads could disrupt US trade

Canada's two largest railroads are starting to shut down their shipping networks as a labour dispute with the Teamsters union threatens to cause lockouts or strikes that would disrupt cross-border trade with the US. Both the Canadian Pacific Kansas City and Canadian National railroads, which haul millions of tons of freight across the border, have stopped taking certain shipments of hazardous materials and refrigerated products. Both are threatening to lock out Teamsters Canada workers starting Thursday if deals are not reached. On Tuesday, CPKC will stop all shipments that start in Canada and all shipments originating in the US that are headed for Canada, the railroad said Saturday. The Canadian Press reported that on Friday, Canadian National barred container imports from US partner railroads. Jeff Windau, industrials analyst for Edward Jones & Co., said his firm expects work stoppages to last only a few days, but if they go longer, there could be significant supply chain ...

US govt to consider concerns about China's Brite in trade sanction list

The concerns were raised in a letter calling on the agency to sanction the company after Reuters reported in December that it was part-owned by blacklisted Chinese chipmaker SMIC

Steel tycoon Sajjan Jindal seeks non-tariff barriers on imports from US, EU

Indian steel tycoon Sajjan Jindal wants the government to counter American tariffs and Europe's carbon tax with a similar levy, to level the playing field for companies like his

Strategic Trade Dialogue: India, US discuss dual-use export controls issue

Dual-use goods can be used for both civilian military applications. Countries often impose export controls on dual-use items as well as military goods over national security concerns

US-China trade is close to break record, defying talk of decoupling

US government data through November suggest that imports and exports in 2022 will add up to an all-time high, or at least come very close, when the final report comes out Feb.

UK FTA deadline depends on talks: Commerce secretary Sunil Barthwal

Deadline for agreement will depend on talks, he says as Diwali timeline goes by

US Prez Biden launches Indo-Pacific trade deal, warns over inflation

Nations joining the US in the Indo-Pacific Economic Framework are Australia, Brunei, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand and Vietnam

Japan defence minister's US tour to counter 'assertive China': Report

According to experts, Japanese Minister Nobuo Kishi's visit to the US in May for talks with Lloyd Austin on enhancing bilateral ties is in response to the 'assertive China' in the Asia-Pacific region.

Focus on its economy may've led US to put India deal on the back burner

Government officials said circumstances are now different, with a change in the administration in the US and President Joe Biden taking over in January

Biden administration weighs digital trade deal to counter China in Asia

Indo-Pacific plan includes Canada and Chile