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Sept 26 (Reuters) - U.S. trade negotiators have told their Indian counterparts that curbing purchases of Russian oil is crucial to reducing India's tariff rate and sealing a trade deal, two people familiar with the talks told Reuters. While trade negotiations are on a positive track, a U.S. official said, more work is needed to ensure India addresses U.S. concerns over market access, the trade deficit and purchases of Russian oil. U.S. President Donald Trump has sought to pressure India, the E ...Read More >
Published on: September 26, 2025 5:46 PM The United States has announced a 100% tariff on Indian pharmaceutical imports, deepening trade tensions between the two countries. US President Donald Trump made the announcement on his social media platform, Truth Social. The new tariff will take effect from October 1. However, Trump said companies opening drug manufacturing plants in the US will be exempt. He cited national security as the main reason for the decision. India is among the world's larg ...Read More >
Panaji, Sep 26 (PTI) Former ambassador V S Seshadri has said unpredictability in tariff policies and unilateral measures by the United States coupled with China's "bid for economic supremacy and technological dominance" as well as widening geopolitical rifts have created turbulence in the global trading system. Delivering a lecture on 'International Trade Law: Challenges and Outlook' at the India International University of Legal Education and Research (IIULER) here on Thursday, he said these d ...Read More >
New Delhi [India], September 16 (ANI): India's merchandise trade deficit remained elevated at USD 26.5 billion in August 2025, despite narrowing modestly from USD 27.4 billion in July, according to a report by Nuvama Institutional Equities. The firm noted that while the headline number improved marginally, the underlying trends show continued stress in core trade segments. The ex-oil trade deficit widened further to USD 17.7 billion in August from USD 16.1 billion a month earlier. Similarly, t ...Read More >
New Delhi [India], September 16 (ANI): Any progress on the India-US trade deal front largely hinges on Washington rolling back the Russian oil-linked additional 25 per cent duty on India, and no breakthrough is likely without it, India-based trade-focused think tank Global Trade Research Initiative (GTRI) has argued as both countries started talks on Tuesday. "Negotiations will remain slow unless Washington signals genuine flexibility," the GTRI report argued. It believes that there is no quic ...Read More >
New Delhi [India], September 16 (ANI): Assistant US Trade Representative for South and Central Asia Brendan Lynch on Tuesday arrived at the Ministry of Commerce and Industry at Vanijya Bhawan in the national capital. The Lynch-led US team is in India to resume discussions with India's chief negotiator and Special Secretary in the Department of Commerce, Rajesh Agrawal, and other Indian officials on the bilateral trade agreement. Also Read | UCL 2025-26: Mikel Arteta Urges Arsenal To Rewrite UE ...Read More >
New Delhi [India], September 16 (ANI): Assistant US Trade Representative for South and Central Asia Brendan Lynch on Tuesday arrived at the Ministry of Commerce and Industry at Vanijya Bhawan in the national capital. The Lynch-led US team is in India to resume discussions with India's chief negotiator and Special Secretary in the Department of Commerce, Rajesh Agrawal, and other Indian officials on the bilateral trade agreement. Earlier, the trade talks schedule to be held between August 25 to ...Read More >
Kolkata, Sep 16 (PTI) Economist and former CPI(M) leader Prasenjit Bose joined the Congress during a programme in the metropolis, and asserted that he would support the party in its fight to "save the Constitution". Bose (51) became a part of the Congress at a formal joining ceremony here on Monday in the presence of party leaders Ghulam Ahmad Mir, Syed Naseer Hussain and Kanhaiya Kumar, besides state unit president Subhankar Sarkar. "We have to protect the Constitution, establish a government ...Read More >
NEW DELHI (Reuters) -- India's merchandise trade deficit narrowed in August to $26.49 billion from $27.35 billion in July, as a drop in exports after U.S. President Donald Trump hiked tariffs on Indian goods was offset by slowing imports. The U.S. imposed an additional 25% tariff on Indian goods from Aug. 27 over New Delhi's continued purchases of Russian oil, bringing total levies on Indian exports to 50% -- among the highest for any U.S. trading partner. Total goods exports fell to a nine-mo ...Read More >
INDIA and the US will hold trade talks on Tuesday (Sep 16), New Delhi said, raising hopes for a breakthrough weeks after US President Donald Trump imposed punitive tariffs on the South Asian nation for buying Russian oil. The move comes after Trump struck a more conciliatory tone in statements last week and expressed optimism that they could finalise a trade deal. Brendan Lynch, the US trade representative for South Asia, will be in New Delhi for one day of talks, Indian chief negotiator Rajes ...Read More >
NEW DELHI, Sept 15 (Reuters) - Gold demand in India this festive season is expected to be weaker than last year, as record-high prices are likely to curb jewellery purchases, outweighing modest gains in investment demand. Weaker demand in the world's second-largest gold consumer could limit a rally in global prices , which hit a record high last week. But sluggish demand for gold imports could limit India's trade deficit and support the rupee. Local gold prices , which scaled a record peak of ...Read More >
New Delhi: US President Donald Trump has demanded that NATO and EU member states impose tariffs of up to 100 percent on China and India. The goal, he said, is to pressure Russian President Vladimir Putin to end the war in Ukraine. Trump, who pledged to resolve the conflict "on day one" of his presidency, raised the proposal during a meeting with European Union officials last Tuesday. The measure is seen as a way to accelerate negotiations between Moscow and Kyiv. The Financial Times first repo ...Read More >
NEW DELHI: Goods exports rose 6.7% to $35.1 billion in Aug - possibly due to exporters advancing shipments to beat higher US tariffs - while imports dropped 10% to $61.6 billion, helping narrow the trade deficit."Despite global uncertainty, the trade policy uncertainty, India's exports have done extremely well. It shows that the policies have worked very well," said commerce secretary Sunil Barthwal. Aug marked the second straight month of near 7% export growth after two straight months of decli ...Read More >
NEW DELHI, Sept. 15 (Xinhua) -- India's total exports, including merchandise and services, were estimated at 69.16 billion U.S. dollars in August, a 9.34 percent increase compared to the same month last year, official data showed on Monday. The figure also revealed that total imports, including merchandise and services, for August were estimated at 79.04 billion dollars, 7 percent less than the same month last year. According to the data, India's total exports in the April-August period stayed ...Read More >
CHENNAI: India's exports in goods fell sequentially but rose annually in August, while imports declined both sequentially and annually, leading to a smaller trade deficit compared to July as well as August last year. However, US exports grew by a nine-month low of 7.2 per cent against 25 per cent growth in the past seven months. Goods exports in August at $35.10 billion was lower than $37.24 billion in July and imports at $61.59 billion were lower than $64.59 during the same period. A year ago ...Read More >
New Delhi: A parliamentary committee has said India should look at the US coming out unilaterally from WTO obligations and resorting to tariffs to protect its domestic industry as an opportunity to negotiate favourable clauses under the plurilateral Information Technology Agreement (ITA) or even explore an exit, sources said. The Standing Committee on Communications and Information Technology has, in a report, blamed the agreement India signed in 1997 for a host of ills plaguing the IT and elec ...Read More >
India's goods exports increased 6.7 per cent (year-on-year) in August 2025 to $35.10 billion fuelled by sectors such as gem & jewellery, engineering, electronics and petroleum products. Shipments to Washington continued to be front-loaded by exporters to avoid the brunt of US tariffs but there was a slowdown compared to the previous months, per data released by the Commerce & Industry Ministry on Monday. Trade deficit narrowed significantly to $26.49 billion in August 2025, from $35.64 billion ...Read More >
New Delhi: India's exports rose 6.7 per cent to USD 35.1 billion in August annually, while imports declined 10.12 per cent to USD 61.59 billion, according to government data released on Monday. Gold imports were down nearly 56 per cent in August, helping to trim merchandise trade deficit to USD 26.49 billion in August, as against USD 35.64 billion in the year-ago month. The US was top exporting destination for India at USD 6.86 billion showing a growth of 7.15 per cent year-on-year, followed by ...Read More >
New Delhi: After a brief pause, trade talks between India and the United States are set to resume on September 16. The U.S. Chief Trade Negotiator, Brendan Lynch, along with his team, is scheduled to arrive in India tonight. Full-day discussions between the two nations are expected to take place on Tuesday, focusing on the proposed bilateral trade agreement. Secretary in the Ministry of Commerce, Sunil Barthwal, confirmed this development and stated that India is now open to pursuing Free Trade ...Read More >
New Delhi, Sep 15 (PTI) India's exports rose 6.7 per cent to USD 35.1 billion in August annually, while imports declined 10.12 per cent to USD 61.59 billion, according to government data released on Monday. Gold imports were down nearly 56 per cent in August, helping to trim merchandise trade deficit to USD 26.49 billion in August, as against USD 35.64 billion in the year-ago month. The US was top exporting destination for India at USD 6.86 billion showing a growth of 7.15 per cent year-on-yea ...Read More >
NEW DELHI -- Gold demand in India this festive season is expected to be weaker than last year, as record-high prices are likely to curb jewellery purchases, outweighing modest gains in investment demand. Weaker demand in the world's second-largest gold consumer could limit a rally in global prices, which hit a record high last week. But sluggish demand for gold imports could limit India's trade deficit and support the rupee. Local gold prices, which scaled a record peak of 109,840 rupees per 1 ...Read More >
New Delhi, Sep 15 (SocialNews.XYZ) The 6.7 per cent year-on-year growth in exports for August is an encouraging sign for India's export sector, especially in light of ongoing global headwinds and geopolitical uncertainties, the Federation of Indian Export Organisations (FIEO) said on Monday. India's merchandise exports recorded a positive growth of 6.7 per cent last month, reaching $35.1 billion, compared to $32.89 billion in August 2024. Simultaneously, imports declined by 10.12 per cent to $ ...Read More >
NEW DELHI, Sept 15 (Reuters) - India and the United States will hold trade talks on Tuesday, New Delhi said, raising hopes for a breakthrough weeks after President Donald Trump imposed punitive tariffs on the South Asian nation for buying Russian oil. The move comes after Trump struck a more conciliatory tone in statements last week and expressed optimism that they could finalise a trade deal. The U.S. trade representative for South Asia, Brendan Lynch, will be in New Delhi for one day of talk ...Read More >
NEW DELHI, Sept 15 (Reuters) - India's merchandise trade deficit narrowed in August to $26.49 billion from $27.35 billion in July, as a drop in exports after U.S. President Donald Trump hiked tariffs on Indian goods was offset by slowing imports. The U.S. imposed an additional 25% tariff on Indian goods from August 27 over New Delhi's continued purchases of Russian oil, bringing total levies on Indian exports to 50% - among the highest for any U.S. trading partner. Trade talks between India an ...Read More >
New Delhi [India], September 15 (ANI): India's overall exports, merchandise and services combined, in August 2025 were reported at USD 69.16 billion, marking a 9.34 per cent rise on a yearly basis, data from the Union Commerce Ministry showed on Monday. The total exports in August 2024 were pegged at USD 63.25 billion. Exports of merchandise goods rose from USD 32.89 billion to USD 35.10 billion, and exports of services rose from USD 30.36 billion to USD 34.06 billion during August 2025. Also ...Read More >
[NEW DELHI, Sept 15 (Reuters) - Gold demand in India this festive season is expected to be weaker than last year, as record-high prices are likely to curb jewellery purchases, outweighing modest gains in investment demand. Weaker demand in the world's second-largest gold consumer could limit a rally in global prices, which hit a record high last week. But sluggish demand for gold imports could limit India's trade deficit and support the rupee. Local gold prices, which scaled a record peak of 1 ...Read More >
India's pivotal shift in consolidating a Russia-India-China (RIC) axis, though tactically alluring, risks rendering it more vulnerable and increasingly isolated as a purported leader of the democratic Global South. The Shanghai Cooperation Organisation (SCO) summit in Tianjin, where Prime Minister Narendra Modi walked hand-in-hand with Xi Jinping and Vladimir Putin, crystallised a new phase of India's strategic signalling at a time when our economy is more interlinked with China and Russia than ...Read More >
New Delhi [India], September 2 (ANI): Waiel Awwad, West Asia Strategist and Journalist, said that the US saw the outcome of the Shanghai Cooperation Organisation (SCO) Summit as against its hegemony, and the US recognised its importance. Awwad, while talking to ANI, said that US President Donald Trump, therefore, sought his convenience and imposed 50 per cent tariffs on India. "So therefore, the United States, under tremendous pressure of President Trump, he might have come up with this statem ...Read More >
NEW DELHI: India and Russia have reaffirmed their long -standing strategic partnership in the context of American pressure on India to limit Russian energy purchases, Prime Minister Narendra Modi told President Vladimir Putin on Monday that the two countries were kept side by side in the most difficult times. While the two leaders met on the sidelines of the Shanghai Cooperation Organization (SCO) in Tianjin, Modi said that he was eager to welcome Putin in India in December for an annual summit ...Read More >
NEW DELHI, Sept 1 (Reuters) - India is not "profiteering" from Russian oil imports and its purchases have stabilised markets while keeping prices from rising to as much as $200 a barrel, Hardeep Singh Puri, country's oil minister, said in the Hindu newspaper on Monday. The U.S. has targeted India for its Russian oil purchases, with President Donald Trump imposing tariffs on Indian exports to the U.S. to discourage the country's crude buying. Treasury Secretary Scott Bessent accused India of pr ...Read More >
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