ET Explainer: What will US tariff be now?

Following an agreement on a framework for an interim trade deal earlier this month, the US announced it will cut the reciprocal tariff on India to 18% and remove the additional 25% punitive tariffs. Currently, India’s goods exports to the US are subject to 25% reciprocal tariff. The February 6 joint statement on the framework […]

India is keeping a vigilant eye on the unfolding situation regarding US tariffs. President Donald Trump has implemented a swift rise in tariffs on imports, now set at 15 percent, a move prompted by a recent Supreme Court ruling.

In a landmark ruling, the US Supreme Court has slashed tariffs on Indian imports, breathing new life into crucial Indian sectors such as pharmaceuticals, electronics, and textiles. This development not only paves the way for a surge in exports and a stronger presence in the US market but also highlights ongoing hurdles, particularly with steel […]

Government sources said an initial reading of the US Supreme Court ruling striking down President Donald Trump’s global reciprocal tariffs effectively nullifies the 25% levy on India, with New Delhi awaiting an official White House response.

The Supreme Court’s decision to strike down many of Donald Trump’s tariffs has cast uncertainty over several recent U.S. trade deals that had fixed duties at around 15–20% in exchange for investment and trade concessions. While Trump said some agreements would remain, he also announced a new 10% global tariff under a different legal authority, […]

The US has imposed a 10% global tariff, impacting India as part of its trade deal, following a Supreme Court ruling that limited President Trump’s authority under the IEEPA.

India’s government has launched a significant export promotion mission. Seven new measures aim to boost outbound shipments. These include credit assistance for e-commerce exporters and support for alternative trade instruments. The mission focuses on addressing key constraints for MSME export growth. It will simplify processes and enhance access to finance for businesses.

India and the US are set to sign an interim trade deal in March, with implementation expected the following month. This agreement aims to boost bilateral trade and investments. US officials are scheduled to visit New Delhi for the signing. The deal is anticipated to benefit India’s labour-intensive sectors and open new business avenues for […]

Prime Minister Narendra Modi and Greek counterpart Kyriakos Mitsotakis met on the sidelines of the India AI Impact Summit. They agreed that the India-EU FTA will boost trade and investment, and discussed strengthening cooperation in new areas. Both leaders also appreciated the potential of the India-Middle East-Europe Economic Corridor (IMEC).

India is seeking enhanced collaboration with Switzerland in research, biotechnology, and pharmaceuticals. This move aims to bolster economic relations between the two nations. Swiss investments are also being encouraged in areas of Switzerland’s technological expertise.