Given that India has much higher tariffs than those imposed by the US, the impending bilateral trade agreement -- that would reduce tariffs-- is set to increase the US's exports to India more than vice versa, according to an analysis by Crisil.
US President Donald Trump on Wednesday (local time) hosted Pakistan Army Chief Asim Munir at the White House for a lunch meeting, praising Munir for his role in preventing the escalation of the conflict between India and Pakistan.
GTRI argued, once tariffs are cut in such agreements, it becomes nearly impossible to raise them again, even if prices crash, global trade is disrupted, or local farmers face sudden losses. It said this would expose India, especially as rich countries like the US and EU subsidise their agric
The next round of negotiations for the India-United States Bilateral Trade Agreement commenced in Delhi, with US trade team officials in the capital engaging in crucial discussions aimed at strengthening economic ties between the two nations.
Indian stock indices remained in the green for the second straight day on hopes that the India-US trade deal is on the anvil, as Trump's commerce secretary recently indicated.
The market experts believe that the investors are buoyed by the hopes of developments in the India-US trade deal and a rate cut by the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI).
India is exploring increased imports of American shale gas, liquefied natural gas, and crude oil to diversify its energy sources and leverage competitive US pricing, a senior official said as both countries prepare for fresh bilateral trade negotiations.
Snapping three-day losses, Indian stock benchmarks settled in the green on Wednesday, on hopes that the India-US trade deal is on the anvil as was indicated by Trump's commerce secretary.
A trade deal between India and the United States could be finalised soon, with both countries finding common ground that suits their interests, US Secretary of Commerce Howard Lutnick said, expressing "strong optimism" about the direction of ongoing talks while speaking at the US-India St
Former US Assistant Secretary of Commerce for Trade Development, Ray Vickery on Thursday [local time] said that a trade agreement between India and US will be mutually beneficial if they will be able to lower tariffs but warned Donald Trump administration over its "bullying approach" of rec
Union Minister of Commerce and Industry Piyush Goyal said on Thursday that the talks for a bilateral trade agreement (BTA) with the United States are on track, and progress is also being made for an FTA with the European Union.