Us India Trade News - Latest Updates & Headlines
US tariffs on low value Chinese e-commerce shipments opens doors for Indian exporters: GTRI
New Delhi, April 13: The US crackdown on low-value Chinese e-commerce shipments has opened a rare and potentially lucrative window for Indian exporters, said GTRI in a report.
Any tariffs on pharma sector would be counterproductive for Americans: Wockhardt Chairman Habib Khorakiwala
Dubai, April 12: Habib Khorakiwala, Chairman of pharma company Wockhardt on Friday indicated that any imposition of tariffs on pharma products by the US administration would be counterproductive for the Americans.
India, US likely to sign trade pact within 90-day tariff-pause period
New Delhi, April 11: The first phase of the bilateral trade agreement between India and the US is likely to be concluded within the tariff-pause period of 90 days fixed by the Donald Trump administration, according to official sources.
India should avoid FTA with US, should go for limited Zero-to-Zero tariff deal, suggests GTRI
New Delhi, April 10: As Donald Trump announced pause on tariffs for 90 days for trade negotiations, India should avoid signing a comprehensive Free Trade Agreement (FTA) with the United States, as it may require India to make harmful trade-offs, suggested Global Trade Research Initiative (GTRI).
Jaishankar, Rubio discussed importance of early conclusion of bilateral trade agreement: MEA
New Delhi, April 9: External Affairs Minister S Jaishankar and his US counterpart Marco Rubio held a telephonic conversation and discussed several issues, including regional developments, international developments and importance of early conclusion of the bilateral trade agreement, Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal stated on Wednesday.
Keeping India's interests at forefront: Union Minister Piyush Goyal on US tariffs
Mumbai, April 9: Union Minister for Commerce and Industry Piyush Goyal stated that the Government is working on a bilateral trade agreement as was decided between Prime Minister Modi and US President Trump in February. His remarks came in the face of the tariffs imposed by Trump's administration.
SBI report urges India to expand PLI scheme as Trump announces reciprocal tariffs
New Delhi, April 5: According to a report by the State Bank of India (SBI), India should strengthen its Production-Linked Incentive (PLI) schemes in light of growing global trade competitiveness, especially after U.S. President Donald Trump announced reciprocal tariffs on several countries, including India.
India in active talks with domestic pharma exporters amid new US tariff threat
New Delhi, April 4: The Commerce Ministry is in active talks with Indian pharmaceutical exporters amid growing concerns over possible US tariffs on the sector, which was exempted in the first tranche of reciprocal tariffs by US President Donald Trump.
India stocks face Trump tariffs heat, Sensex dips over 300 points
Mumbai, April 3: The Indian stock indices closed Thursday's session lower, weighed down by the heat of the US administration's reciprocal tariffs imposed on partner countries, including India.
Experts welcome US reciprocal tariff exemption on pharma, call to boost domestic manufacturing
New Delhi, April 3: Industry experts on Thursday welcomed the exemption of Indian pharmaceutical exports from Trump’s reciprocal tariffs while also stressing the need to strengthen domestic manufacturing.
American economy will hurt more from Trump's reciprocal tariffs: PHDCCI President
New Delhi, April 3: US President Donald Trump's reciprocal tariffs will impact the American economy more, leaving them with limited buying options to cater for their needs according to Ranjeet Mehta, CEO and Secretary General of industry body PHDCCI.
US tariffs can impact Indian Medical Device sector, need to explore opportunities where they seek to diversify: AiMeD
New Delhi, April 3: As US President Donald Trump mandates a 27 percent tariff on Indian goods to the US, Forum Cordinator of AiMeD Rajiv Nath said that the need was to explore windows of opportunities where the US has been seeking to diversify its supply chain dependence to reduce the impact of the tariff.
Indian exporters will face relatively fewer troubles, say economists, as US tariffs kick in
New Delhi, April 3: As US President Donald Trump mandates a 27 percent tariff on Indian goods to his country, economists and economy watchers have opined that Indian exporters will face relatively less trouble. Amongst major Emerging Markets in Asia, India's tariffs are the lowest, barring the Philippines.
Trump's 27% tariff, not 26%, may boost India's textile, semiconductor sectors over Asian peers: GTRI
New Delhi April 3: The imposition of higher reciprocal tariffs by US President Donald Trump on several Asian and European countries, including China, Vietnam, Taiwan, Thailand, and Bangladesh, presents a strategic opportunity for India to strengthen its position in the global trade and manufacturing said GTRI Founder Ajay Srivastava
US calculation inflates India's tariffs on American goods: Bernstein
New Delhi, April 3: The US estimate of the tariffs imposed by India on American goods is an inflated figure because it includes non-tariff measures such as domestic taxes levied in the country, according to an analysis by leading brokerage Bernstein.
India's textile, engineering goods, electronics, and gems & jewellery exporters to hit hard by Trump Tariffs
New Delhi, April 3: Indian textiles, engineering goods, electronics, and gems and jewellery sector exporters are expected to hit hardest by the tariffs announced by Donald Trump according to experts.
US tariffs: Global brokerage firm Citi sees minimal impact on Indian pharma firms
Mumbai, April 1: Global brokerage firm Citi said on Tuesday there is a low likelihood of the US imposing tariffs on Indian pharmaceuticals, despite ongoing discussions around the issue.
India cannot be labeled tariff abuser, Modi's administration will navigate trade tensions: former US official
Washington, DC, March 29: Ray Vickery, former United States Assistant Secretary of Commerce for Trade Development on Saturday said that India can not be accused as the tariff abuser, adding that Prime Minister Modi and his administration will continue to manage the delicate trade relationship with the US.
It will 'work out very well', Trump says of trade issues with India
Washington, March 29: US President Donald Trump, on Friday, called Indian tariffs "brutal" but expressed optimism that things will "work out very well" between the two countries on trade.
US reciprocal tariffs: India can plan some 'easy wins' for Trump to mitigate larger impact
New Delhi, March 27: With the US reciprocal tariffs likely to come into effect from April 2, India needs to pursue negotiations by offering concessions in some key sectors, which would not hurt domestic industry but are important politically or economically for US President Donald Trump in exchange for tariff mitigation elsewhere, a report suggested on Thursday.
US Trade Representative Brendan Lynch to visit India
New Delhi, March 24: US Trade Representative for South and Central Asia Brendan Lynch, will visit India from March 25-29 along with a delegation of US government officials, US embassy spokesperson said.
Our approach is 'India First' in trade talks with US, says Piyush Goyal
New Delhi, March 14: Commerce Minister Piyush Goyal on Friday said that he "had a forward-looking discussion with US Trade Representative Jamieson Greer on a mutually beneficial Bilateral Trade Agreement" between India and the US.
Top officials brief Parliamentary Committee on foreign policy and trade concerns
New Delhi, March 10: In a detailed briefing to the Parliamentary Standing Committee on External Affairs on Monday, Foreign Secretary Vikram Misri and Secretary of the Ministry of Commerce and Industry Sunil Barthwal addressed key concerns surrounding India's foreign policy and trade relations.
Trump's reciprocal tariff may impact India if imposed on sectors: Trade experts
New Delhi, February 15: The impact of the proposed reciprocal tariffs by the United States on India will depend on how the policy is implemented--whether on a sectoral basis or a product-specific basis.
Mission 500: India, US set USD 500 billion trade target by 2030, launch strategic tech initiatives
Washington, DC, February 14: US President Donald Trump hosted Prime Minister Narendra Modi for an official working visit in Washington DC, on Thursday (local time). During the two-day visit, India and the United States set an ambitious goal to double bilateral trade to USD 500 billion by 2030.
We are being reciprocal with India, says Trump on tariffs
New Delhi, February 14: US President Donald Trump reiterated his stance on tariff reciprocity in the joint press conference with Prime Minister Narendra Modi, emphasizing that the United States will match tariffs imposed by other countries, including India, to ensure fair trade.
India's auto sector not likely to face major impact due to US tariff hike
New Delhi, Feb 14: Indian automotive manufacturers are not likely to face any major impact due to US President Donald Trump's reciprocal tariffs as these companies sell their products largely in the fast-growing domestic market, according to analysts.
India's early body signals received well, Trump official says US wants to move towards trade deal by 2025
Washington DC, February 13: India's "early body signals" on trade has been perceived as positive by the Donald Trump administration, which wants to move towards a "fair" trade deal by the end of this year, a senior White House official said on Thursday.
Balanced, transparent trade environment vital to deepening US-India economic ties: USIBC
New Delhi/Washington, Feb 1: A balanced and transparent trade environment is vital to deepening US-India economic ties and in line with President Donald Trump's emphasis on fair and reciprocal trade, India can consider bolder steps to address structural bottlenecks and foster a more predictable policy environment that instills investor confidence and promotes long-term strategic partnerships, the US-India Business Council (USIBC) said on Saturday.
USIBC urges new US administration to prioritise reciprocal trade agreements with India in key sectors
New Delhi, January 18: The US-India Business Council (USIBC) has urged the incoming Trump administration in US to prioritise reciprocal trade agreements with India, particularly in defence, digital services and pharmaceuticals among others.