Industry association FICCI on Wednesday expressed disappointment over US President Donald Trump's decision to impose a 25 per cent tariff on Indian goods and said the move is unfortunate and will have a clear bearing on India's exports.
If US President Donald Trump imposes 20-25 per cent tariffs on India, as he threatened last evening, it will have a varied impact on different sectors, noted the founder of the Global Trade Research Initiative, Ajay Srivastava.
Referring to the recent trade agreements between US and other countries such as the EU, Indonesia, Philippines and the latest comments by Donald Trump that India may have to pay 20-25 per cent tariffs, Vice Chancellor of Indian Institute of Foreign Trade (IIFT) Professor Rakesh Mohan Joshi o
Referring to purported differences in understanding of US trade agreements and their clauses with Vietnam and Japan, think tank Global Trade Research Initiative (GTRI) suggested that India tread carefully as it negotiates its trade agreement with the US.
Foreign Secretary Vikram Misri revealed on Thursday that India has been actively engaged in discussions with the US on a potential Bilateral Trade Agreement (BTA), emphasising the ongoing contacts with partners in the US.
Claiming that the US-Indonesia trade deal was a "clear example of how aggressive US pressure can force" countries to ink one-sided agreements, think-tank Global Trade Research Initiative (GTRI) suggested India to be careful and not "fall into the same trap".
India on Thursday reiterated that de-dollarisation was not on the BRICS agenda, and the member countries were only looking at cross-border payments in local currency.
The ongoing bilateral trade talks (BTA) negotiations by India and the United States (US) are progressing as per the decisions of Prime Minister Narendra Modi and US President Donald Trump, said the government officials on Tuesday.
India is making concrete progress toward finalizing a Bilateral Trade Agreement (BTA) with the United States, with both countries committed to following the path outlined by their respective leaders, a senior government official said on Monday.
A high-level team from India's Commerce and Industry Ministry has arrived in Washington DC, to take forward crucial negotiations for a Bilateral Trade Agreement (BTA) with the United States.
Indian stock benchmarks closed their first day of the week with slight gains in the account, as investors remained cautious ahead of anticipated U.S. tariff announcements.
Speaking on the sidelines of the 16th Toy Biz B2B expo in New Delhi, Goyal made it clear that India's approach to international trade negotiations remains firm and principled.