The US has emerged as India’s top trade partner in the first quarter of FY26, dominating exports in electronics, marine goods, and readymade garments. A commerce department analysis reveals the US accounted for over 60% of India’s electronics exports and significant shares in the other sectors.
US top destination for electronics, marine goods in Q1
India and the US are actively engaged in trade negotiations, aiming to resolve outstanding issues for a potential deal, according to the Ministry of External Affairs. While the US seeks greater market access, India emphasizes that any agreement must align with its national interest and not be rushed.
NATO Secretary General Mark Rutte has threatened India, China, and Brazil with 100% secondary sanctions if they continue trading with Russia. He urged these nations to pressure President Putin for serious peace talks with Ukraine.
India and the US are in talks for an interim trade deal. India is open to some GM farm imports. However, it restricts GM corn and soyabean imports. The US wants tariff cuts across sectors. This includes cars, dairy, and farm products. The aim is to finalise a deal before the Quad summit in India.
Donald Trump says the India trade deal will mirror the US-Indonesia pact. India and US are negotiating a trade agreement. The fifth round of negotiations are underway in Washington. India seeks easing of tariffs on steel, aluminium and auto sectors. The US wants duty concessions on automobiles and agricultural goods.
Donald Trump suggests a potential trade agreement with India. This statement occurred during a meeting with Bahrain’s Crown Prince and Prime Minister at the White House. Trump mentioned the possibility of another deal with India. Discussions are underway, signaling a positive outlook for economic cooperation. This development could strengthen ties between the two nations. Further […]
Prolonged trade discussions between India and the US are causing uncertainty for Indian businesses, leading to a slowdown in export orders across sectors like electronics, textiles, and seafood. US clients are adopting a cautious approach, delaying new orders and seeking clarity on tariffs compared to countries like China and Vietnam.
Govt in wait-and-watch mode on US tariff fallout
4 months ago
India is carefully observing potential tariff differences arising from US reciprocal tariffs, but comprehensive contingency planning awaits a full impact assessment. Negotiations for the bilateral trade agreement are ongoing in Washington, with the first phase targeted for completion by September. Officials emphasize the need to understand the final tariff spectrum before formulating backup plans, remaining […]
India’s June goods exports saw a slight dip, but reduced imports helped narrow the trade deficit. Exports to the US rose despite tariff increases. Overall, exports decreased in 14 key sectors, influenced by falling crude oil prices. The government is monitoring import surges and plans action against malpractices. India and the EU will continue FTA […]
NATO Secretary General Mark Rutte on Tuesday cautioned that secondary sanctions on Russia could significantly affect major economies such as India, China, and Brazil. His remarks, quoted by Reuters, underscore concerns about the global fallout from escalating measures aimed at curbing Russia’s economic ties amid the ongoing war in Ukraine.