India US trade Archives - National Times

13 Aug

India and United States Remain Committed to Trade Agreement Amid Looming Russian Tariff Bill

Gurpreet Singh0 CommentsIndia, World Newsbilateral relations, Commerce Ministry, India US trade, Rajesh Agrawal, Tariff Bill, Trade Agreement

New Delhi (Gurpreet Singh): India and the United States remain fully committed to advancing negotiations on a proposed bilateral trade agreement despite ongoing legislative efforts in Washington to pass a bill authorizing tariffs of up to 100 per cent on top importers of Russian energy. Speaking in New Delhi on Thursday, Indian Commerce Secretary Rajesh Agrawal emphasized that both nations maintain regular contact and share a mutual dedication to realizing the trade framework agreed upon earlier this year. Addressing concerns regarding the proposed American sanctions, Agrawal characterized the bill as an internal domestic matter for the United States, declining to…

United States Launches Sweeping Section 301 Trade Probe Against 16 Nations Including India

Rajeev Sharma0 CommentsIndia, World NewsIndia US trade, Jamieson Greer, Manufacturing, Section 301, Trade Probe, USTR

Washington, D.C. (Rajeev Sharma)— The Office of the United States Trade Representative (USTR) announced the initiation of a massive investigation into the trade practices of 16 major global partners. The probe, launched under Section 301 of the Trade Act of 1974, targets economies accused of maintaining "structural excess capacity" in their manufacturing sectors, a move that signals a significant escalation in the Trump administration's efforts to reshape global supply chains and protect American industry. The investigation covers a broad spectrum of economies, including China, India, Japan, the European Union, South Korea, and Mexico. Other nations under scrutiny include Singapore, Switzerland,…

ICRIER Report: US Tariffs Hit 60.8 Billion Dollars Worth of Indian Exports, Key Sectors at Risk

Rajeev Sharma0 CommentsBusinessgems and jewellery, ICRIER, India US trade, Indian exports, textiles and apparel, Trump tariff policy, US tariffs

New Delhi [India]: Around 70 per cent of India’s goods exports to the United States, worth USD 60.85 billion, are now exposed to a 50 per cent tariff imposed by the US administration, according to an analysis by the Indian Council for Research on International Economic Relations (ICRIER).Though significant, this amounts to only 1.56 per cent of India’s GDP and 7.38 per cent of total exports, making it manageable for a USD 3.9 trillion economy. The report, titled “Navigating Trump’s Tariff Blow” and authored by Ashok Gulati, Sulakshana Rao, and Tanay Suntwal, highlighted that the brunt of the impact falls…