Indian stock markets opened flat on Thursday, reversing the selling trend witnessed earlier on Wednesday, as the markets are in a wait-and-watch mode on PM Modi's US visit.
Indian-American US Congressman Shri Thanedar has highlighted tariffs as a "big" issue ahead of Prime Minister Narendra Modi's meeting with US President Donald Trump, stating that trade, bilateral ties, and immigration are among the key topics that need to be addressed.
Ahead of Prime Minister Narendra Modi's upcoming visit to the United States, Dhruva Jaishankar, Executive Director of the Observer Research Foundation America on Tuesday (local time) suggested that an agreement might be reached, where both sides agree on a set of tariffs and arrangements
If these tariffs are enforced, India's stainless steel exports could suffer substantial setbacks, leading to disruptions in global supply chains and increased costs for manufacturers and consumers alike says Indian Stainless Steel Development Association (ISSDA).
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."
Potential effects of the tariffs proposed by the Donald Trump administration are overwhelmingly negative, said a report published by a team of S&P Global Ratings' economics team.
The new tariffs, set to take effect on February 10, provide a short window for potential negotiations between the two countries says a report by S&P Global Market Intelligence.
The United States Postal Service (USPS) announced a temporary suspension of international package acceptance from China and Hong Kong, effective February 4.