India is actively addressing the impact of US tariffs on its exports. The government is pursuing a comprehensive strategy. This includes engaging with the US for a beneficial trade agreement. Measures are also in place for immediate relief and to boost trade diversification. Negotiations for FTAs with other nations are ongoing.
Govt mitigating impact of US tariffs on Indian exports: Prasada
President Trump indicated potential new tariffs on Indian rice, citing “dumping” concerns and aiming to support US farmers. This move, alongside possible tariffs on Canadian fertilizer, signals ongoing trade tensions with key partners as the US administration seeks to address agricultural sector complaints ahead of midterm elections.
‘Fair and balanced trade deal’: MEA says deputy US trade representative to visit India on Dec 10-11
3 months ago
Deputy U.S. Trade Representative Rick Switzer will visit India on December 10-11, the Indian foreign ministry spokesperson said on Monday, as New Delhi looks to reduce punitive tariffs imposed on its goods by Washington for its purchase of Russian oil.
The event was organized by Konrad Adaneur Stiftung, a German political foundation which has been engaged in pursuing healthy trade policy issues and equity across the world since long.
Industry executives attributed the rebound to greater imports of high-value parts and a weaker rupee, even as the government’s Make in India campaign has so far failed to reduce imports by value for most of the companies since 2018-19, the filings revealed. The sole exception was in FY24 with a 6% decline in the consolidated […]
Senior American officials are visiting India to strengthen political and trade partnerships. Discussions will cover regional security and economic cooperation. A key focus will be innovation in US-India research. Trade talks for a bilateral agreement will also commence. Both sides aim to finalize the first part of the trade pact by year-end.
EU team to meet Piyush Goyal tomorrow on FTA
3 months ago
The meeting is important as both sides are eager to conclude the negotiations as early as possible. The team, led by EU’s Directorate-General for Trade Sabine Weyand, is here to iron out differences on issues pertaining to both goods and services. They have fixed the year-end deadline to conclude talks.
No viable way for global companies to cut dependence on China without India: David Bach, President, IMD
3 months ago
Every CEO I speak to believes AI is transformative. The debate is not whether it will reshape industries but how dramaticallyDavid Bach President, IMD
The Indian rupee is under pressure and could soon slip below the 90 threshold against the dollar. This forecast stems from a burgeoning trade deficit and lukewarm investment climate. The urgency for a trade pact with the US is more pronounced than ever.
October coal imports saw a mixed trend. Overall shipments fell as domestic supply increased. However, coking coal imports rose significantly. Steel mills restocked for winter. Future imports are expected to be subdued due to higher domestic production.