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India-US Trade Agreement Progressing, Final Details Pending: Top Official
Talks regarding a possible U.S.-India trade agreement have attracted considerable attention in both U.S. media and policy communities, with many speculating that it might be the first trade agreement to be announced ahead of President Donald Trump's 90-day halt on the implementation of broad tariffs on most of America's trading partners.
Trade talks with India 'coming along great': Donald Trump
This move is in the context of broader international trade tensions, following the recent US hike in tariffs on its trading partners. The US has responded with tit-for-tat tariffs on nearly all countries, including a substantial reduction on tariffs on Indian imports from 26% to 10% for 90 days. However, Chinese exports to the US remain heavily taxed at a 145% tariff.
India Among First in Line for Trade Deal, Says US Treasury Secretary
During an appearance on CNBC's Squawk Box on Monday, Bessent provided updates on the administration's global trade talks, saying discussions with Asian counterparts have been very fruitful.
Trump Signals Possible Easing of US-China Trade Tensions, Hints at Substantial Tariff Cuts
Trump made the comments following Treasury Secretary Scott Bessent's earlier remarks during the day that the present tensions in trade between China and America could start easing off in the near future. The present tariff rates are not sustainable and there is a "de-escalation" already in the making in the economic battle between the two world powers, Bessent stated.
India Is Evolving, and So Are Its Women: FM Sitharaman Highlights Progress During US Visit
Speaking to an audience in her keynote address entitled 'Laying the Foundations for a Developed India #ViksitBharat by 2047', Sitharaman stated, "India is changing, and so are Indian women," as she described a string of initiatives that the government has undertaken to enhance women's safety, health, and financial independence.
Gold Futures Soar Past ₹96,000 Mark with ₹1,493 Surge in Stellar Rally
On the Multi Commodity Exchange (MCX), gold contracts due for June delivery continued their stellar run for a third straight day, going up by Rs 1,493, or 1.57%, to an all-time high of Rs 96,747 per 10 grams in early trade.
IMF, World Bank see India’s potential as engine of global trade, Says FM Sitharaman
Delivering a speech in San Francisco on April 21, she underlined the mutual advantage of enhancing India-US collaboration in trade and development.
U.S. Invokes National Security in Defense of Steel Tariffs Amid WTO Dispute with India
This is a clarification from Washington following India's formal April 11 request to the WTO for consultations with the US regarding the increase in tariffs. India has invoked the WTO's Safeguards Agreement in its plea, stating that the measures, regardless of their characterization, are within the ambit of safeguard measures.
India’s Exports to US and Imports from China Hit Record High in 2024-25
Provisional foreign trade data of the Commerce Ministry show that Indian imports from China also reached an all-time high of $113.45 billion during the previous year. Indian exports to America also made a huge jump with exports crossing over $10 billion in March itself, an increase of 35% over the corresponding month the previous year. Overall exports did not change much.
US Remains India’s Top Trading Partner for 4th Consecutive Year in FY25; Trade Deficit with China Hits $99.2 Billion
India's exports to China declined sharply by 14.5% year-on-year to USD 14.25 billion in 2024–25 from USD 16.66 billion in the last fiscal. Imports from China, however, increased substantially—by 11.52%—to USD 113.45 billion from USD 101.73 billion in 2023–24, resulting in a significant 17% increase in the trade gap between the two countries.
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