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New Delhi: India on Friday proposed imposing retaliatory duties against the US over American tariffs on automobile sector at WTO (World Trade Organisation). "The proposed suspension of concessions or other obligations would take the form of an increase in tariffs on selected products originating in the United States," according to a notification of the WTO.
NEW DELHI, India: India has submitted a revised proposal to the World Trade Organization (WTO) in Geneva to implement retaliatory tariffs on the United States. This action comes in response to the U.S. government's decision to double tariffs on imports of steel and aluminum. Reports indicate that India submitted the updated proposal to WTO members at its own request. On March 12, 2025, the U.S. increased import duties on aluminum, steel, and related goods to 25 percent, which the Trump administration then raised to 50 percent on June 3. India's response aligns with WTO regulations that permi ...Read More >
Mathura, Jul 19 (PTI) Six people died and two were injured when a mini-van collided with a truck on the Yamuna Expressway here, police said on Saturday. "The accident took place at milestone 140 at around 3 am. The Agra-bound mini-van rammed into a heavy vehicle, possibly due to the driver falling asleep at the wheel," Senior Superintendent of Police (SSP) Shlok Kumar said. "Six people died on the spot, while two have sustained serious injuries and were admitted to a hospital," he added. The family members of the deceased have been informed, and further action is being taken, he said. In a ...Read More >
New Delhi: As the US tariffs come into play, the biggest concern in India is for the textile sector. Government statistics show that the Indian textile and apparel market was valued at around $222 billion in 2024, and projections suggest it could reach $350 billion by 2030. The US is the largest market for the textile industry -- which employs approximately 45 million people, an employment figure second only to agriculture -- making up 33% of India's total exports. People in the trade warn that mass layoffs should be expected should the US tariffs take hold. Statement Of Sudhir Sekhri, Chair ...Read More >
New Delhi, March 30: The WTO ministerial conference in Yaounde, which concluded on Monday, failed to reach any agreement on key issues, including the extension of the moratorium on e-commerce and reforms of the global trade body. The 14th ministerial conference (MC), which concluded in the early hours on March 30 in the capital city of Cameroon, could not reach a consensus on a moratorium on non-violation complaints under the Agreement on Trade-related Aspects of Intellectual Property Rights (TRIPS). Talks on the e-commerce import duty moratorium reached a deadlock between Brazil and the US. ...Read More >
NEW DELHI: The next six weeks could see at least three of the trade deals finalised by India -- with Oman, the UK and New Zealand -- being operationalised, even as it seeks to ensure a preferential duty advantage in the US, once Washington finalises its strategy after the Supreme Court setback on reciprocal tariffs.Commerce and industry minister Piyush Goyal told reporters that India and New Zealand are looking to sign the free trade agreement (FTA) in the fourth week of April, while talks are underway with Oman to implement the treaty from May 1. He also said that it is possible that agreemen ...Read More >
New Delhi: In order to sort out issues involved in the 'disagreements' between India and the United States over duties for auto components, steel, pharma and farm goods, among others, the Indian team is expected to further visit Washington soon for trade talks. A delegation of senior officials has been assigned for this crucial visit. Though the visit dates have not yet been finalised, the team is likely to join the US team in a week or two, an official source said on Thursday. India is among the few other countries that are still negotiating a trade deal with Washington to clinch a 'favourab ...Read More >
New Delhi: An Indian commerce ministry team has reached Washington for another round of talks on the proposed bilateral trade agreement (BTA), which will begin on Monday, an official said. Chief negotiator of India and special secretary in the department of commerce Rajesh Agrawal will join the team on Wednesday. The four-day talks will end on Thursday. India's deputy chief negotiator for the proposed BTA has reached Washington for the talks on the first phase of the BTA, the official said. The visit assumes significance as both sides have to iron out issues in sectors, like agriculture an ...Read More >
New Delhi, Jul 15 (PTI) The world's merchandise trade grew by 5.3 per cent year-on-year in the January-March quarter of 2025 as imports surged in North America in anticipation of higher tariffs in the US, the WTO said in a statement on Tuesday. Sequentially, global goods trade rose by 3.6 per cent in the first quarter of 2025. Merchandise trade volume growth in the first quarter was stronger than the WTO's most recent forecast, but its economists expect the pace of expansion to slow later in the year as fully stocked inventories and higher tariffs weigh on import demand, it said. It said th ...Read More >
Kolkata, Jul 17 (PTI) Ratings firm CRISIL said that India's goods exports are likely to face some headwinds in fiscal 2026, as reciprocal tariffs imposed by the US are seen to aggravate this. With the tariff hikes expected to come into effect from August, India and the US are negotiating on a bilateral trade agreement and a key monitorable, the report said. The World Trade Organisation forecasts a 0.2 per cent decline in the volume of merchandise trade in 2025 compared to 2.9 per cent in 2024. The report said global growth is expected to slow down to 2.9 per cent in 2025 from 3.3 per cent. ...Read More >
Washington: India has 'no legal basis to impose retaliatory tariffs' against American duties on steel, aluminium and automobolies in the name of safeguarding, the United States told the World Trade Organisation (WTO) in an official communication on Thursday. This comes soon after India, in an official notification to the WTO's Safeguards Committee, stated that the safeguard measures on steel and aluminium would impact imports of $7.6 billion into the US from India on which the duty collection would be $3.82 billion. In the same manner, the measures can also affect imports of automobile produc ...Read More >
China has filed a complaint against India in the World Trade Organisation (WTO) over New Delhi's subsidies for electric vehicles (EVs) and batteries. The Chinese Commerce Ministry has alleged that the measures by India violate several WTO obligations, including the principle of national treatment, and constitute import substitution subsidies, which are explicitly prohibited under the multi-lateral trade rules. These measures unfairly benefit India's domestic industries and undermine China's leg ...Read More >
NEW DELHI (Reuters) -Trade talks between Indian and U.S. officials have been extended into next week as both sides seek consensus on tariff cuts in the farming and auto sectors, aiming to finalise an interim deal before a July 9 deadline, Indian government sources said. A U.S. delegation led by senior officials from the Office of the United States Trade Representative (USTR) held two days of discussions in New Delhi with Indian trade officials headed by chief negotiator Rajesh Agrawal, the sources said. "The two countries are actively engaged in focused discussions to facilitate greater mark ...Read More >
Medak: Telangana State BJP President N. Ramchander Rao on Friday appealed to the people to give the committed party an opportunity to meet the aspirations of the poor and downtrodden. Addressing a large gathering of party workers in Medak, the BJP chief remarked that citizens have experienced the rule of the BRS and the Congress party and have had bitter experiences with the deceitful practices of both. He urged people to support the BJP wholeheartedly in the upcoming local body elections as a way to teach the ruling Congress party a lesson for its unfulfilled promises. Rao emphasized that t ...Read More >
OTTAWA -- India's new envoy to Canada says Ottawa should pivot away from pursuing a scaled-down trade deal and instead reach for a comprehensive trade and investment agreement with the world's most populous country. In a wide-ranging interview with The Canadian Press, Indian High Commissioner Dinesh Patnaik also said Canadian businesses should expand trade and investment ties with India now, without waiting for governments to sign a formal trade agreement. "We are more interested in a comprehen ...Read More >
Mumbai, Jul 10 (PTI) The rupee pared initial gains and settled for the day higher by 4 paise at 85.69 (provisional) against the US dollar on Thursday, supported by US-India trade deal optimism, even as domestic equity markets were closed in the negative territory. Forex traders said the Indian rupee ended the day in green against the US dollar amid firm expectations that India and the US will reach a deal soon. At the interbank foreign exchange, the rupee opened on a positive note at 85.62 against the US dollar, and traded in a range of 85.69 and 85.53 during the day. The local unit finally ...Read More >
The US is reportedly working towards an interim trade deal with India, potentially setting tariffs below 20%, a favorable position compared to other Asian nations. This arrangement allows for continued negotiations, aiming to resolve outstanding issues before a broader agreement expected this fall. The US is working toward an interim trade deal with India that may reduce its proposed tariffs to below 20%, people familiar with the matter said, putting the South Asian nation in a favorable positio ...Read More >
HYDERABAD: BRS working president KT Rama Rao on Wednesday described the Supreme Court order on nomination of two MLCs as "a slap in the face of both the Congress and the BJP". The apex court issued an order modifying its earlier interim directive on the nomination of Prof M Kodandaram Reddy and Amer Ali Khan to the state Legislative Council under the Governor's quota. In a press statement, Rama Rao said that the Supreme Court declaring invalid the appointments of Kodandaram and Amer Ali as MLCs under the Governor's quota by the state government was a slap in the face for both the BJP and the ...Read More >
Visakhapatnam, Nov 14 (PTI) World Trade Organization Chief Ngozi Okonjo-Iweala on Friday said India should take the leadership role in reform process at the WTO amid growing uncertainties at global trade front. She said that India's economy is growing at a healthy pace and it is a leader in areas such as technology. She said that there is a need to look at areas in the WTO which are not working and discuss ways to correct that. "'...and here India can be a leader, India should be a leader in the reform process at the WTO India should be a leader in making sure that we do not stay in a syste ...Read More >
New Delhi [India], May 29 (ANI): After a federal court of the United States struck down a reciprocal tariff announced by US President Donald Trump, the Global Trade Research Initiative (GTRI) said that India should proceed cautiously in its ongoing Free Trade Agreement (FTA) negotiations with the US. A Manhattan-based federal court on May 28 struck down Trump's move to impose reciprocal tariffs on the trading partners of the US and ruled that he can't use emergency power to impose tariffs on foreign countries; it has to come from Congress. The order of the court determined that the tariffs, ...Read More >
NEW DELHI: New Delhi has proposed retaliatory duties against the United States at the World Trade Organization (WTO), saying Washington's 25 per cent tariff on automobiles and some auto parts would affect US$2.89 billion of India's exports, according to an official notification. "India reserves the right to suspend concessions or other obligations ... that are substantially equivalent to the adverse effects of the measure to India's trade," the statement said. According to the notification, the duty collected by the US would amount to US$725 million, and New Delhi will impose an "equivalent ...Read More >
Mumbai, Jul 10: The rupee pared initial gains and settled for the day higher by 3 paise at 85.70 against the US dollar on Thursday, supported by US-India trade deal optimism, even as domestic equity markets were closed in the negative territory. Forex traders said the Indian rupee ended the day in green against the US dollar amid firm expectations that India and the US will reach a deal soon. At the interbank foreign exchange, the rupee opened on a positive note at 85.62 against the US dollar, and traded in a range of 85.70 and 85.53 during the day. The local unit finally settled for the day ...Read More >
India prioritizes mutual benefits and national interests over deadlines in trade agreements, according to Minister Piyush Goyal. He emphasized fairness and a win-win approach, especially with the US, amidst looming reciprocal tariffs. While negotiations continue with the US, EU, and other nations, India remains firm on securing favorable terms before finalizing any deals.Days ahead of the US' July 9 deadline for reciprocal tariffs, commerce and industry minister Piyush Goyal on Friday said India ...Read More >
New Delhi [India], July 18 (ANI): Expressing his concern on the trade deal with the United States, Congress MP Anand Sharma said that they are expecting from the Centre that national interest would be taken into perspective and a balanced agreement would be struck, where India would benefit from the deal. Speaking to ANI, Sharma highlighted that India too has its commitments, adding that negotiators know these issues that India concerns and reservations have to be taken into consideration. We expect that national interest would be taken into perspective and a balanced agreement would be stru ...Read More >
Srinagar: The Counter-Intelligence Kashmir (CIK) unit of Jammu and Kashmir Police is conducting searches at ten locations across four districts in the Valley. An official told news agency -- Kashmir News Observer (KNO) that the raids are part of an ongoing investigation into a terror-crime case linked to a terrorist sleeper cell and recruitment module handled by Jaish commander Abdullah Ghazi from across the border. The searches are underway at one location in Pulwama, six in Ganderbal, one in Srinagar, and two in Budgam district -- (KNO) ...Read More >
New Delhi, June 6: Indian and U.S. officials engaged in high-level trade negotiations here to arrive at an interim deal on tariff cuts, ahead of the July 9 deadline, have decided to extend their ongoing talks into next week, according to a senior official. India's negotiating team, headed by Additional Secretary Rajesh Agrawal, has held talks over two days with senior officials from the Office of the United States Trade Representative (USTR), who arrived in Delhi for weekend talks. "The two countries are actively engaged in focused discussions to facilitate greater market access, reduce tari ...Read More >
New Delhi [India], July 3 (ANI): A new trade agreement between the United States and Vietnam is raising concerns and offering key lessons for India, especially for Indian exporters who see Vietnam as both a competitor and a partner in regional value chains, according to a report by the Global Trade Research Initiative (GTRI). The report highlighted that despite a historic trade agreement signed in 2000 that allowed Vietnamese goods to enter the US at concessional tariffs of 2 to 10 per cent, the new deal imposes a flat 20 per cent tariff on all Vietnamese exports to the U.S. Also Read | Is S ...Read More >
New Delhi [India], July 7 (ANI): U.S. President Donald Trump issued a strong warning to countries supporting what he termed were the anti-American policies of BRICS. In a social media post, Trump stated that any country aligning itself with the 'Anti-American policies of BRICS' will face an additional 10 per cent tariff on goods. 'There will be no exceptions to this policy,' Trump wrote, adding, 'Thank you for your attention to this matter!' Trump's statement signals a hard stance from the U.S. administration against what it sees as growing opposition from BRICS nations. The response came ...Read More >
Shimla, Jul 17 (PTI) Himachal Pradesh High Court has directed the state government to remove encroachments on forest lands, including the fruit-bearing trees, all across the state and not limit it to some areas. The order was passed by a division bench consisting of Justices Vivek Thakur and Bipin C Negi on Wednesday after the Advocate General placed on record fresh instructions issued by Principal Chief Conservator of Forests, informing that 2,456 apple and other fruit trees have been felled from forest lands in Chaithla village, and 713 and 490 trees in Rohru and Kotgarh forest divisions, r ...Read More >
New Delhi, Apr 2 (PTI) India stood alone at the recently concluded WTO meeting in Cameroon in opposing a China-led proposal on the Investment Facilitation for Development agreement, Commerce and Industry Minister Piyush Goyal said, asserting that it is 'better to stand alone for the right than to be in a crowd just to look good'. The Investment Facilitation for Development (IFD) agreement was first mooted in 2017 by China and other countries that depend heavily on Chinese investments, and countries with sovereign wealth funds are party to that pact. In the 14th ministerial conference in Yaou ...Read More >
A young woman named Oleti Pushpa (22) was killed by her live-in partner Sheikh Shamma (22) in the Ambedkar Konaseema region of Andhra Pradesh, reported India Today. She was living with Sheikh for the past 6 months after she separated from her spouse. The incident took place in Siddhartha Nagar, B Savaram village of Rajolu mandal on 16th July. Shamma reportedly accused Pushpa of having affairs with other men. He forced her to engage in prostitution and frequently instigated fights with her when intoxicated. As per police, Shamma was addicted to ganja. On the fateful night, he against pressuri ...Read More >