One of first US trade deals may be with India: Scott Bessent

Speaking to reporters after two early morning TV interviews, Bessent said the first such trade agreement might come this week or next, but gave no further details. He told Fox News that President Donald Trump will be “intimately involved” in each of the bespoke trade deals with each of 15 to 18 important trading partners, […]

India and the UK met to push forward free trade agreement talks. Piyush Goyal and Jonathan Reynolds aimed to boost the negotiations. The FTA is nearly complete, but some issues remain. These include financial services and the UK’s carbon border plan. Britain wants more access to India’s services sector. Both countries want to double trade […]

Union Minister Piyush Goyal is in London to bolster India-UK trade and investment ties. He met with Revolut’s Chairperson Martin Gilbert to discuss India’s fintech potential and De Beers Group CEO Al Cook regarding the Gems and Jewellery sector. Goyal also engaged with an Indian business delegation, exploring collaboration opportunities.

India is scrutinizing indirect exports to Pakistan via third countries. This action follows heightened tensions and trade route closures after a recent terror attack in Pahalgam. The government is gathering data from customs and export councils. Trade between India and Pakistan has significantly decreased since the Pulwama attack. Both nations have imposed trade restrictions, impacting […]

American sourcing firms and Chinese exporters are contacting Indian companies to supply goods to the US, aiming to circumvent high tariffs imposed by Washington on Chinese products. The US has imposed 145% tariffs on Chinese goods, while India faces only 10%. Chinese manufacturers are also seeking to pass export orders to Indian firms, maintaining US […]

India’s engineering goods exports hit a record high of USD 116.67 billion in fiscal year 2024-25. This represents a 6.74 percent increase. The United States was the top destination. There was growth in exports to the UAE, Singapore, and Nepal. Engineering exports outperformed overall merchandise exports. Concerns remain about global trade dynamics and potential impacts […]

Azerbaijan is enhancing ties with India, launching Ahmedabad-Baku flights in July, complementing existing Delhi and Mumbai routes. This move aims to boost people-to-people connections. Amidst growing Indian tourism to Azerbaijan, the nation delivered soda ash to Indian ports via cargo ship.

Trade war prompts Chinese firms to approach Indian exporters. They seek help to fulfill US orders due to tariffs. Indian companies are offered commissions for sales. Sectors like hand tools and electronics see increased queries. Indian government is in talks with the US for a trade deal. Some American firms are also approaching Indian manufacturers.

Following the Pahalgam terror attack, the Confederation of All India Traders (CAIT) has unanimously decided to completely cease trade with Pakistan. This decision, made during a national meeting in Bhubaneswar, reflects the strong condemnation of the attack and support for decisive government action against terrorism.

India plans to request the United States for relaxed export regulations. This will allow India access to important technologies. India seeks parity with US allies like Australia and the UK. The request includes sectors like telecom and AI. India also wants duty concessions for textiles and leather. The US desires concessions in automobiles and agriculture.