Us Trade News - Latest Updates & Headlines
US 125% tariff on China could fuel India's exports by small firms made products: GTRI
New Delhi, April 16: The US crackdown, which has imposed 125 per cent import tariffs on China, has unexpectedly created a rare opportunity for India's small manufacturers, offering them a short-term export window, said the Global Trade Research Initiative (GTRI) on Wednesday.
India's will have a bi-lateral trade agreement with US in next few months: Morgan Stanley
New Delhi, April 16: India's potential trade deal with the US may take time, but it is more likely to happen in the next few months, and it could help India gain a share in the US market. However, a report by Morgan Stanley says elevated tariffs between the US and China may impact global growth and global trade.
India, US likely to ink first tranche of trade pact before Fall deadline
New Delhi, April 15: India and US are working to sign the first tranche of a Bilateral Trade Agreement (BTA) to bring down tariffs before the agreed timeline of the fall of 2025 as the the terms of reference for the pact have already been finalised.
There are both concerns and opportunities over reciprocal tariffs: Commerce Secretary
New Delhi, April 15: Commerce Secretary Sunil Barthwal on Tuesday said that reciprocal tariffs are both a challenge and an opportunity for India with the government negotiating a bilateral trade deal with the US.
Indian stock markets end higher on global cues, US tech tariff relief boosts sentiment
Mumbai, April 15: Indian stock markets on Tuesday ended on a strong note, driven by favourable global cues, particularly after the United States announced tariff exemptions for select technology products, boosting investor sentiment.
Indian and American trade delegations to begin discussions on a Bilateral Trade Agreement this week
New Delhi, April 15: Indian and American trade delegations are set to begin discussions on a Bilateral Trade Agreement this week, according to sources.
Indian stock market cheers US tariffs relief; Sensex jumps 1,578 points
Mumbai, April 15: Indian stock markets saw a strong rally on Tuesday as benchmark indices surged over the 90-day reciprocal tariffs relief by the US administration, amid similar relief likely for the automotive sector.
Bessent says US will negotiate with South Korea over trade next week, stresses 'first mover advantage'
Washington, April 15: The United States will engage in trade negotiations with South Korea next week, Treasury Secretary Scott Bessent said, stressing the "first mover advantage," as countries are striving to strike deals with the US to minimise the impact of President Donald Trump's tariff policy on their economies.
Reciprocal tariffs should exclude vulnerable developing countries: UN trade body
Geneva, April 15: In a new report released on April 14, UN Trade and Development (UNCTAD) is amping up calls that the poorest and most vulnerable economies be exempt from "reciprocal tariffs."
South Korean industry minister to visit US for tariff negotiations
Seoul, April 14: Industry Minister Ahn Duk-geun could visit the United States as early as next week for negotiations with Washington over its reciprocal tariffs, a government official here said on Monday.
Goldman Sachs cuts China stock market targets again amid US trade tensions
Mumbai, April 14: Goldman Sachs has once again lowered its targets for major Chinese stock indexes, citing growing trade tensions between the US and China.
Smartphone makers remain cautious over unpredictable US tariff policies
Seoul, April 14: South Korean smartphone and personal computer makers are staying cautious as unpredictable US tariff policies increase uncertainty around their future production strategies.
Separate tariffs coming on smartphones, chips imports: US Commerce Secretary
Washington, April 13: A day after the US exempted electronics imports, including semiconductors, from reciprocal tariffs, Commerce Secretary Howard Lutnick said on Sunday the country is set to launch "separate tariffs" for imports of smartphones, computers, semiconductors, and other components in the next one to two months.
US tariff war with China is of significant strategic imperative, unlikely to wane off soon: Prabhudas Lilladher
New Delhi, April 13: Financial advisory firm Prabhudas Lilladher asserted that US tariff war with China is of significant strategic imperative and is unlikely to wane off soon, even if the US enters into bilateral trade agreements with various countries. According to the financial advisory firm, the current tariff stand-off will impact supply chains, global growth and money flow through first half of 2026 which could shave off 0.5 per cent from global GDP and result in increased volatility in commodities and currencies.
90-day pause a welcome announcement from US, says Shruti Rajagopalan
New Delhi, April 13: Senior research fellow Shruti Rajagopalan welcomed America's decision to pause the trade tariffs for a window of 90 days and expressed her views on the global trade order. She also spoke about the steps Indian policymakers can adopt to make exports more competitive. Rajagopalan made the remarks on the sidelines of the Carnegie Global Tech Summit.
Other countries are rising to the challenge: Rosa Balfour on impact of US trade war
New Delhi, April 13: Speaking about how various global groupings will step up to meet the challenges arising from the US trade tariffs, Carnegie Europe Director Rosa Balfour said that countries and large blocs are coming together to ensure they have a "web of relationships" that can preserve global trade.
US exempts smartphones, computers from latest tariffs
Washington/New Delhi, April 12: In a cheer for the global electronics industry, including in India, the US government on Saturday announced to exempt smartphones and computers imported to the country from the latest tariffs.
India needs to expand its ambitions to consider FTA with US: Ashley Tellis
New Delhi, April 12: Ashley J Tellis, Tata Chair for Strategic Affairs and Senior Fellow, Carnegie Endowment For International Peace, said that India needs to expand its ambition to really consider at some point a greed trade agreement with the US. He noted that a remarkable change has taken place in Indian policy on trade agreements in recent years.
Indian stock markets wrap up week on strong note as tariff fears ease
Mumbai, April 12: The Indian stock markets wrapped up the week on a strong note, gaining nearly 2 per cent, as the US decision to defer tariffs for all countries except China eased recession concerns, boosting sentiment and lifting fears of a global slowdown, experts said on Saturday.
Can't compromise national interest to meet trade deal deadlines: Piyush Goyal
New Delhi, April 11: Union Commerce Minister Piyush Goyal on Friday said one cannot compromise with national interest just to meet trade agreement deadlines. The Minister said that at the end of the day, trade agreements have to be win-win for both sides.
We never negotiate at gunpoint, Piyush Goyal on 90-day pause in US Tariffs on India
New Delhi, April 11: After US President Donald Trump hit the pause button on India's tariffs, Union Commerce Minister Piyush Goyal said that India will not be in a hurry and will negotiate what is in the interest of its people.
Amid tariff war, EaseMyTrip encourages Indian entrepreneurs to act bold; offers discounts on flights, hotels to US
New Delhi, April 11: Amidst the Tariff war, travel solutions provider EaseMyTrip has encouraged Indian entrepreneurs to act big and push Indian goods to the United States as Chinese products face 125 percent tariffs. As part of that, EaseMyTrip is offering 25% discount on Hotels and flights for entrepreneurs wishing to travel to the US.
Geared up for a high degree of urgency, Jaishankar on US
New Delhi, April 11: External Affairs Minister S Jaishankar on Friday said that India is prepared for a high degree of urgency in reaching a trade deal with regards to the United States, a country which he said has fundamentally changed its approach to engaging with the world and it has consequences across every domain.
India handling reciprocal tariffs issue wisely with intent to hike trade with US by 2.5 times: Piyush Goyal
Mumbai, April 10: Union Commerce and Industry Minister Piyush Goyal on Thursday said that India is handling the US reciprocal tariff issue wisely, with a focus to increase its trade with the US by two and half times.
Trade body seeks interim Textile Exports Protection Scheme as US pauses tariffs
New Delhi, April 10: The Confederation of Indian Textile Industry (CITI) on Thursday said that the 90-day relief in US reciprocal tariffs will bring short-term respite to the Indian textile and apparel exporters, who were bracing for higher tariff barriers, urging the government to introduce an interim Textile Exports Protection Scheme.
Yuan sinks to 19-month low as China loosens currency grip
Shanghai, April 10: China's currency slumped to its lowest level against the US dollar in over a year and a half on Tuesday, after the central bank set a weaker-than-expected reference rate amid intensifying trade tensions with Washington, Nikkei Asia reported.
Piyush Goyal encourages exporters to take long term view of India-US trade
New Delhi, April 9: Union Minister of Commerce and Industry, Piyush Goyal, on Wednesday held discussions with the Export Promotion Councils and industry bodies here in the light of the emerging trade scenario.
China issues travel warning for citizens heading to US amid strained economic relations
Beijing, April 9: China's Ministry of Culture and Tourism on Wednesday issued a risk alert for Chinese citizens planning to visit the United States, citing the recent decline in China-US economic and trade ties, as well as concerns over domestic security in the US, according to a report by Global Times.
Discussions ongoing between India, US for expeditious conclusion of bilateral trade agreement: MEA
New Delhi, April 9: The Ministry of External Affairs (MEA) on Wednesday addressed the ongoing trade discussions with the United States, with spokesperson Randhir Jaiswal highlighting the efforts towards a mutually beneficial trade agreement.
India plans to seal trade deal with US by fall 2025: EAM Jaishankar
New Delhi, April 9: India is perhaps the only country which has reached an understanding with the United States to ink a bilateral trade agreement (BTA) by the fall of this year, External Affairs Minister S. Jaishankar said on Wednesday, as reciprocal tariffs came into effect with India facing 27 per cent tariffs.
India trying to negotiate bilateral trade agreement with US by fall, EAM Jaishankar responds to Trump Tariffs
New Delhi, April 9: External Affairs Minister (EAM) S Jaishankar spoke on Wednesday and responded to the debate over Tariffs imposed by US President Donald Trump. Speaking at the News 18 Rising Bharat Summit, Jaishankar said that India's strategy was clear and that it would engage with the United States on a bilateral trade agreement, which could conclude by the fall of this year.
Will announce a major tariff on Pharma shortly, says US President Donald Trump
Washington DC, April 9: US President Donald Trump continues to be belligerent on his policy of reciprocal Tariffs despite strong opposition both within the US and outside. On Tuesday night (local time), the US President announced that Tariffs on the Pharma sector were coming soon. The sector has so far been exempt from the Tariffs.
Tariff war: China releases white paper on trade relations with US
Beijing, April 9: China's State Council Information Office on Wednesday released a white paper titled “China's Position on Some Issues Concerning China-U.S. Economic and Trade Relations.”
Prez Trump warns reprieve for pharmaceuticals, major Indian export, to end 'shortly'
New York, April 9: US President Donald Trump has warned that the reprieve for pharmaceuticals – a major Indian export – from his repressive retaliatory tariffs would end soon.
Trump's reciprocal tariffs take effect undeterred by negotiations
Washington, April 9: US President Donald Trump's sweeping reciprocal tariffs go into effect Tuesday at midnight US Eastern time (9:30 am IST) unaffected by negotiations underway between the US and the affected trading partner countries, with the heaviest levy of 104 per cent on goods from China.
President's strategy already bearing fruit...: Trump's Trade Representative defends tariff move at Senate hearing
Washington, DC, April 8: US Trade Representative Jamieson Greer testified before the Senate Finance Committee on Tuesday and defended the Trump administration's move of imposing tariffs on multiple countries while shrugging off concerns regarding the policy.
Hardeep Puri confident India will come out stronger from US tariffs fallout
New Delhi, April 8: Union Minister Hardeep Puri on Tuesday said he was confident India will emerge stronger from the fallout of the US administration tariffs once the bilateral trade agreement between the two partner countries is finalised.
Amid Trump Tariffs, US Trade Representative highlights need to secure market access for US fuel ethanol in India, Thailand
Washington DC, April 8: With tariffs imposed by US President Donald Trump beginning to kick in, the United States Trade Representative has spotlighted 10 trade practices faced by American exporters they deemed "unfair", including India's ban on US ethanol imports.
British PM pledges support for auto industry, warning profound economic fallout from US tariffs
London, April 8: British Prime Minister Keir Starmer warned that newly imposed US tariffs on UK goods pose a serious threat to both the global economy and Britain's industrial base. He pledged urgent support for the domestic automotive sector in response to what he described as a changing world marked by "global instability."
Will eliminate trade deficit with US: Israeli PM Netanyahu amid US tariff tensions
Washington DC, April 8: Prime Minister Benjamin Netanyahu on Monday (local time) announced that Israel would work to eliminate the trade deficit with the US and that too "very quickly" amid the turmoil in the global markets caused by US tariff tensions.