Donald Trump imposed a 25% tariff on India due to energy deals with Russia. This action complicates ongoing trade talks between the two nations. India is assessing the impact of these tariffs. The move could significantly affect India’s exports to the US. Both countries remain committed to pursuing a balanced trade agreement.
Trump imposes 25% tariff on India over energy purchases from Russia
India willing to cut tariffs substantially, talks ongoing, will know by end of week: Trump
11 months ago
“We are negotiating right now and it’s also BRICS. BRICS, which is basically a group of countries that are anti the United States and India is a member of that…It is an attack on the dollar and we are not going to let anybody attack the dollar. So it’s partially BRICS and it’s partially trade…We […]
ET Graphics: As Trump slaps 25% tariff & penalty, a look into how Indian exports to US have risen over the years
11 months ago
President Trump has declared a 25% tariff on Indian goods and a penalty on Russian weapons and energy acquisitions. This action follows stalled trade negotiations due to disagreements over agricultural and dairy sector access. The new tariffs threaten India’s ambition to double bilateral trade with the US by 2030, impacting India’s largest export market.
Indian owners of three ships ask sanctions-hit Nayara Energy to release the vessels, sources say
11 months ago
Following EU sanctions, Indian vessel owners Seven Islands Shipping and Great Eastern Shipping Co (GESCO) have requested Nayara Energy to terminate contracts for three clean product tankers. Concerns over the sanctions have prompted this decision, impacting Nayara’s ability to sell refined fuel and leading to reduced refinery operations due to storage limitations.
With the US tariff deadline looming, uncertainty surrounds India’s potential tariff rate despite ongoing trade negotiations. President Trump indicated tariffs of 15-20% for nations lacking separate trade deals, prompting concerns about a global trade contraction. While talks continue, India remains firm on duty concessions, and experts caution against viewing tariffs as a permanent US trade […]
Donald Trump suggests India may face tariff rates of 20% to 25%. This comes as the US and India negotiate a trade deal before an August 1 deadline. Trump states India charges high tariffs. The US seeks greater market access for American exports. New Delhi anticipates these higher tariffs. Discussions are ongoing to assess India’s […]
Friday fury ahead? India’s tariff clock is ticking
11 months ago
As the August 1st deadline looms, India faces potential US tariffs due to unresolved trade negotiations. The US team’s visit on August 25th signals a missed deadline, increasing the risk of punitive measures. Trump’s administration may use tariffs to pressure India, impacting key export sectors and straining bilateral relations despite mixed signals.
India faces economic challenges from global supply chain shifts and potential US slowdown, but remains resilient with stable inflation and robust domestic demand. While cautious borrower sentiment and slow credit growth pose risks, govt initiatives and a strong farm sector support growth. The economy is expected to maintain a steady pace in FY26.
The India-UK free trade agreement safeguards the domestic generic drug industry. It avoids patent term extensions and data exclusivity. This prevents evergreening of patents. Indian patent law remains protected. The agreement, signed on July 24, will be effective in a year. India previously rejected similar demands from EFTA. The move ensures affordable medicines.
Safeguards for generics in UK FTA: Govt
11 months ago
The India-UK free trade agreement safeguards the interests of the Indian generic drugs industry. It does not allow patent extensions or data exclusivity. Indian patent laws remain protected. India will provide duty concessions on specific British agricultural products. Sensitive items like apples are excluded. Indian farmers will gain access to the UK market.