US President Trump has lifted a 25% tariff on Indian goods, fulfilling a trade deal contingent on India ceasing Russian oil imports. The agreement also includes a reduction in reciprocal levies and India’s commitment to purchase $500 billion in US energy and other products over five years.
US lifts 25% tariff on Indian goods linked to Russia oil purchases
India-US interim trade deal: The United States and India have agreed on an interim trade pact framework, aiming to lower tariffs and boost economic cooperation. This deal includes India reducing duties on U.S. industrial and farm goods, while the U.S. will apply reciprocal tariffs on certain Indian products, with plans for future removal. Both nations […]
India-US interim trade deal framework unveiled: $500 billion worth of goods purchase on cards
4 months ago
India-US Trade Deal: India and the United States have established a trade deal framework, significantly lowering tariffs and boosting economic cooperation. The agreement includes India’s commitment to purchase $500 billion in U.S. goods over five years, with further negotiations planned for a comprehensive bilateral trade agreement.
Indian rice export prices near one‑month high on firm rupee; Thai, Vietnam rates steady
4 months ago
Indian rice export prices rose to a near one-month high this week, supported by modest demand and a rebound in the rupee, while prices in Thailand and Vietnam remained steady. India’s 5% broken parboiled rice reached $353–$359 per ton, up from last week, and white rice was at $351–$356 per ton. The rupee’s 1% appreciation […]
India, US may sign formal trade pact by mid-March
4 months ago
The United States will reduce tariffs on goods from India. The tariffs will drop to 18% from the current 50%. This change will happen after a joint statement is signed virtually, marking the first part of a broader trade agreement. Washington plans to issue an executive order to put the lower tariffs into effect a […]
Switzerland’s Rado luxury watch company sees its price advantage from a new trade deal with India largely cancelled out. The rupee’s depreciation against the Swiss franc has reduced the expected benefits. The India-European Free Trade Association deal, starting in October 2025, aims to lower import tariffs on Swiss watches. However, currency fluctuations are impacting the […]
US India Trade Deal: Solar equipment makers recharge exports portfolio after tariff cut
4 months ago
Indian solar equipment exports to the US are set for a significant boost. Tariffs are falling, making Indian solar modules and cells more competitive. Companies are now planning to export higher-value items like battery storage systems and inverters. This move is expected to drive capacity expansion and create new opportunities in the growing US market.
India prioritizes energy security for its vast population. The government’s strategy focuses on diversifying energy sources based on market conditions and global dynamics. India maintains open options for crude oil imports from Venezuela and other regions, considering commercial viability. Energy engagement with Venezuela has a long history, with crude purchases resuming in 2023-24 after a […]
India has backed FORGE, a new critical minerals initiative launched in Washington DC. External Affairs Minister S Jaishankar attended the Critical Minerals Ministerial, a meeting of over 50 nations. Discussions focused on de-risking supply chains and reducing global overreliance on China. India’s support for FORGE signals its commitment to global resource security and strategic partnerships.
Both sides would now work towards completing the technical details and finalising the paperwork for the trade deal so as to expeditiously unlock its potential, Goyal informed Parliament.