China aims to stabilize relations with India amid a potential trade war with the US, emphasizing the importance of cooperation. Foreign Minister Wang Yi highlighted the significant strides made in bilateral ties, asserting that both nations should support each other and not let boundary disputes define their relationship.
China calls for stronger India ties amid trade war fears
India has leaned on the US with low tariffs and that has to change: US Commerce Secretary Howard Lutnick
8 months ago
US Commerce Secretary Howard Lutnick emphasized the need for a major trade agreement between the US and India, stressing that India must reduce tariffs and protections for the US market. He highlighted that India’s agricultural sector needs to open up and suggested a reciprocal policy to enhance bilateral trade, leveraging the strong rapport between Modi […]
India cautiously reacts to Trump’s reciprocal tariff; expects resolution of issues through trade pact
8 months ago
India is seeking to strengthen trade ties with the US by reducing tariff barriers under a bilateral trade agreement amidst President Trump’s announcement of reciprocal tariffs. During Prime Minister Modi’s recent visit, both nations announced plans to negotiate a beneficial multi-sector trade pact.
India looking at strengthening trade ties with US through bilateral trade pact, says MEA spokesperson Randhir jaiswal
8 months ago
India is aiming to enhance trade relations with the US by reducing trade barriers through a bilateral trade agreement, following President Trump’s announcement of reciprocal tariffs. Prime Minister Modi and US officials plan to negotiate a multi-sector pact to increase market access and deepen supply chain integration. Commerce Minister Goyal is advancing discussions in the […]
India’s forex reserves stood at $638.69 billion by February 28, 2025, experiencing a decrease of $1.7 billion. The Reserve Bank of India intervenes in the market to maintain stable conditions and control excessive volatility without targeting specific levels.
Indian government and companies are collaborating urgently to mitigate the impact of US President Trump’s tariff threats by potentially reducing tariffs on US imports. Commerce Minister Piyush Goyal leads a delegation in Washington for Bilateral Trade Agreement talks, while sectors like electronics, auto components, and pharmaceuticals explore alternatives to ensure trade continuity with the US.
India considers lowering import duties on American walnuts, almonds, apples, and cranberries
8 months ago
India may lower or eliminate import duties on American walnuts, almonds, apples, and cranberries to enhance trade relations with the US. Talks are ongoing with negotiators in Washington. India aims for a bilateral trade deal by the end of the year with a target of $500 billion in bilateral trade by 2030.
Indian companies in consumer electronics, jewellery, and apparel sectors are strategizing with their key US export clients amid threats of reciprocal tariffs from the US starting April 2. Companies like Dixon Technologies and GJEPC are engaging clients to ensure continued exports, while Gokaldas Exports is exploring duty-free access through its Kenyan plants.
Top Indian officials are set to brief a parliamentary panel on trade policy, including the US’s recently announced reciprocal tariffs on India. The meeting, chaired by Shashi Tharoor, aims to address concerns over how these tariffs will affect Indian industry and discuss India’s response and negotiations with the US.
India must prepare for retaliatory measures if President Trump imposes higher tariffs on steel and aluminum. This action would significantly impact Indian exporters. Ongoing trade talks and tariff reductions hint at a negotiated deal. Ministries are working to shield India’s interests, but exporters may face competition from China. The US is India’s largest trading partner.