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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 aga ...Read More >
New Delhi: An Indian commerce ministry team will soon visit Washington for another round of talks on the proposed trade agreement with the US to iron out differences in sectors, like agriculture and automobiles, a government official said Thursday. "We are not differentiating between an interim or the first phase of the bilateral trade agreement. We are negotiating a complete deal. Whatever will be finished, we can package it as an interim deal and for the rest, talks will continue," the offici ...Read More >
NEW DELHI (Reuters) -A delegation from India is expected to visit the United States soon for trade talks, a government official told reporters, as the two countries look to iron out disagreements over duties for auto components, steel, and farm goods. India is among the few countries that are still negotiating a trade deal with Washington, as President Donald Trump ramps up his trade war with the threat of sharply higher tariffs from August 1. A team of Indian officials on an extended visit to ...Read More >
NEW DELHI, July 10 (Reuters) - A delegation from India is expected to visit the United States soon for trade talks, a government official told reporters, as the two countries look to iron out disagreements over duties for auto components, steel, and farm goods. India is among the few countries that are still negotiating a trade deal with Washington, as President Donald Trump ramps up his trade war with the threat of sharply higher tariffs from August 1. A team of Indian officials on an extende ...Read More >
New Delhi: Prime Minister Narendra Modi on Monday called on Brics countries to work together in order to secure critical mineral supply chains and ensure that no one nation is able to dominate and weaponize these resources. His call at the 17th Brics Summit in Rio de Janeiro comes amid a Chinese chokehold on global rare earth supplies. Brics is a group of 11 countries that was set up by Brazil, Russia, India, China and South Africa. Modi said it was important to make critical mineral supply ch ...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. ...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. ...Read More >
Srinagar, July 6 (SocialNews.XYZ) Commerce and Industry Minister Piyush Goyal on Sunday stressed that India's free trade agreements (FTAs) will never come at the cost of national interest. Speaking at the FTII Traders Conclave in Srinagar, Goyal said the government is committed to ensuring that all trade deals are reciprocal and protect the interests of Indian traders and manufacturers. "An FTA is signed so our local goods have duty-free access to other countries and to resolve barriers in acc ...Read More >
New Delhi, Jul 6 (PTI) Finance Minister Nirmala Sitharaman held a series of bilateral meetings, including with Russian and Chinese counterparts, and discussed issues of bilateral cooperation and interests. These meetings were held on the sidelines of the BRICS Finance Ministers and Central Bank Governors meeting in Rio de Janeiro. During a meeting with Anton Siluanov, Finance Minister of Russia, Sitharaman expressed gratitude for the support extended by President Vladimir Putin after the Pahal ...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: 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, th ...Read More >
India has notified the World Trade Organisation (WTO) of its plan to impose retaliatory tariffs on selected U.S. products in response to safeguard duties levied by Washington on Indian automobile parts and vehicles. The proposed measures, circulated by the WTO on Friday (July 4, 2025), are aimed at countering a 25% tariff hike by the United States, which India claims violates global trade norms. According to India's formal communication to the WTO's Council for Trade in Goods, the retaliatory d ...Read More >
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. ...Read More >
New Delhi: India on Friday proposed retaliatory tariffs against the US under the World Trade Organisation (WTO) norms over American tariffs on automobile sector in the name of safeguard measures. "The safeguard measures would affect $2.895 billion imports annually into the US of the relevant products originating in India, on which the duty collection would be $723.75 million," India told the WTO. The proposed suspension of concessions or other obligations would take the form of an increase in ...Read More >
New Delhi, Jul 4 (PTI) An Indian team has returned from Washington after holding talks with the US on an interim trade pact, which is likely to be finalised before July 9, but discussions will continue as certain issues in the agri and auto sectors still need to be resolved, an official said. The Indian team is led by chief negotiator Rajesh Agrawal. He is special secretary in the department of commerce. The official said that the talks are in the last phase and its conclusion is expected to b ...Read More >
New Delhi, Jul 4 (PTI) The commerce ministry's arm DGTR has initiated an anti-dumping probe into the import of polyethylene from Kuwait, Malaysia, Oman, Qatar, Saudi Arabia, the UAE following a complaint by Chemicals and Petrochemicals Association of India. The applicant has alleged that the industry is impacted due to the dumped imports of Linear-Density Polyethylene (LLDPE). It is primarily used in raw materials for the plastic processing industry to make a variety of products such as packag ...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, th ...Read More >
New Delhi, July 1 (SocialNews.XYZ) India is on course to finalise an interim trade agreement with the US as early as this week to escape the tariff hike on its exports proposed by President Donald Trump, according to a report in the Financial Times. India's negotiating team, led by Special Secretary Rajesh Agarwal, is engaged in high-level talks in Washington to conclude the bilateral trade agreement. External Affairs Minister S Jaishankar is expected to hold one-on-one talks with his US count ...Read More >
New Delhi: Global goods trade posted a strong uptick in early 2025 but weakening export orders suggest that this momentum may not be sustained, the World Trade Organisation (WTO) Thursday said in its Goods Trade Barometer. The uptick was driven by importers frontloading purchases ahead of anticipated higher tariffs. The barometer rose to 103.5 up from 102.8 in March while the forward-looking new export orders index fell to 97.9 pointing to weaker trade growth later in the year. The barometer is ...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 co ...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 sour ...Read More >
NEW DELHI, June 6 (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, ...Read More >
New Delhi, June 5: A high-level US trade delegation has arrived in the national capital to move ahead on the negotiations for a Bilateral Trade Agreement (BTA) with India. The negotiators are aiming to finalise an interim trade deal ahead of the July 9 deadline that has been fixed by US President Donald Trump for the 90-day pause on new tariffs that were to be levied on Indian products. Negotiations are expected to continue after that for a broader trade deal to be signed in September-October. ...Read More >
New Delhi, June 5 (SocialNews.XYZ) A high-level US trade delegation has arrived in the national capital to move ahead on the negotiations for a Bilateral Trade Agreement (BTA) with India. The negotiators are aiming to finalise an interim trade deal ahead of the July 9 deadline that has been fixed by US President Donald Trump for the 90-day pause on new tariffs that were to be levied on Indian products. Negotiations are expected to continue after that for a broader trade deal to be signed in Sep ...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 fo ...Read More >
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