India's auto component industry is expected to face only a limited impact from the potential reciprocal tariffs proposed by US President Donald Trump on auto industry, according to a report by Nomura.
The impact of the proposed reciprocal tariffs by the United States on India will depend on how the policy is implemented--whether on a sectoral basis or a product-specific basis.
Former Indian Ambassador to the US and BJP leader Taranjit Singh Sandhu highlighted discussions between Prime Minister Narendra Modi and US President Donald Trump on "Mission 500," an initiative to boost bilateral trade to USD 500 billion by 2030. The talks also addressed trade barriers, mar
Addressing the topic of reciprocal tariffs imposed by President Trump on Indian goods, Sandhu clarified that Trump's tariffs weren't specifically targeted at India, but rather part of a broader approach to address trade imbalances with multiple countries, including US allies.
After United States approved the extradition of 26/11 Mumbai terror attack accused Tahawwur Rana to India, Congress MP Manish Tewari said that this step will help in "unravelling" the conspiracy behind the attack.
Addressing a press briefing after a meeting between PM Modi and Trump in the White House, the Foregin Secretary said, "We have indicated, and the two leaders have agreed today to start discussing trade and tariff-related issues."
An hour before his bilateral meeting with Prime Minister Narendra Modi, US President Donald Trump again commented on India's tariff structure, saying "they have the highest tariffs" and "it is a hard place to do business".
Trump's announcement comes ahead of his meeting with Prime Minister Narendra Modi who reached the United States today on an official visit. The two leaders are set to meet in the White House tonight.
India is considering reducing tariffs on more than 30 items and increasing its purchases of US defence and energy products to prevent higher reciprocal tariffs from the United States, according to a report by Nomura
While addressing a press briefing with Japanese Prime Minister Shigeru Ishiba, Trump said, "I'll be announcing that next week, reciprocal trade, so that we're treated evenly with other countries."