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 looking at strengthening trade ties with US through bilateral trade pact, says MEA spokesperson Randhir jaiswal
India considers lowering import duties on American walnuts, almonds, apples, and cranberries
1 year 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 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.
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.
US President Donald Trump has pledged to impose reciprocal tariffs on India from April 2, citing high import taxes on American goods. This move could impact India’s key exports to the US, including automobile parts, electronics, and textiles. Indian officials are working to mitigate the impact ahead of the proposed deadline.
Jewellery exports from Mumbai’s SEEPZ face a potential setback due to US President Trump’s proposed reciprocal tariffs, which could significantly impact India’s $10 billion annual exports to the US. SEEPZ accounts for 85% of India’s diamond-studded jewellery exports to the US, and tariffs could shift US sourcing to countries with lower tariffs, threatening jobs in […]
Falling US cotton prices due to China’s retaliatory tariffs may boost demand for Indian garments, textiles, and yarn. The industry anticipates cheaper US cotton and reduced Chinese competitiveness will help India expand its market share in the US and Europe. Increased imports of superior US cotton could benefit Indian textile manufacturers and exporters, leading to […]
The United States is urging India to eliminate tariffs on car imports as part of a proposed trade deal, which would pave the way for Tesla’s entry into the market. India, however, is hesitant to reduce tariffs to zero immediately and is consulting with local industries before responding.
The US-India Business Council urges the dismantling of non-tariff barriers and red tape to expedite market access and enhance trade relations between India and the US. With Commerce Minister Piyush Goyal in Washington for talks, the goal is to create a landmark bilateral trade deal to boost economic growth in both countries.