India has no basis to hit back against steel, auto tariffs: US

The US has informed the WTO that India’s proposed retaliatory tariffs on American steel, aluminum, and automobiles lack a legal foundation. This stance comes after India asserted that US safeguard measures would significantly impact its exports, leading to substantial duty collections. The US defends its tariffs under a national security statute, even as bilateral trade […]

The US has emerged as India’s top trade partner in the first quarter of FY26, dominating exports in electronics, marine goods, and readymade garments. A commerce department analysis reveals the US accounted for over 60% of India’s electronics exports and significant shares in the other sectors.

India and the UK are poised to formally sign a Free Trade Agreement next week, with legal reviews nearing completion. India anticipates duty-free access for 99% of its exports to the UK, boosting sectors like textiles and engineering.

India and the US are in talks for an interim trade deal. India is open to some GM farm imports. However, it restricts GM corn and soyabean imports. The US wants tariff cuts across sectors. This includes cars, dairy, and farm products. The aim is to finalise a deal before the Quad summit in India.

NATO Secretary General Mark Rutte has threatened India, China, and Brazil with 100% secondary sanctions if they continue trading with Russia. He urged these nations to pressure President Putin for serious peace talks with Ukraine.

Donald Trump suggests a potential trade agreement with India. This statement occurred during a meeting with Bahrain’s Crown Prince and Prime Minister at the White House. Trump mentioned the possibility of another deal with India. Discussions are underway, signaling a positive outlook for economic cooperation. This development could strengthen ties between the two nations. Further […]

Donald Trump says the India trade deal will mirror the US-Indonesia pact. India and US are negotiating a trade agreement. The fifth round of negotiations are underway in Washington. India seeks easing of tariffs on steel, aluminium and auto sectors. The US wants duty concessions on automobiles and agricultural goods.

India is carefully observing potential tariff differences arising from US reciprocal tariffs, but comprehensive contingency planning awaits a full impact assessment. Negotiations for the bilateral trade agreement are ongoing in Washington, with the first phase targeted for completion by September. Officials emphasize the need to understand the final tariff spectrum before formulating backup plans, remaining […]

India’s June goods exports saw a slight dip, but reduced imports helped narrow the trade deficit. Exports to the US rose despite tariff increases. Overall, exports decreased in 14 key sectors, influenced by falling crude oil prices. The government is monitoring import surges and plans action against malpractices. India and the EU will continue FTA […]

Farmers’ organizations are requesting the government to exclude agriculture from the India-US trade agreement. They fear that allowing subsidized US agricultural products would harm Indian farmers. The organizations are concerned about the import of genetically modified crops. Bharatiya Kisan Union also voiced similar concerns. They believe it will impact self-reliant India.