Brazil's Ambassador Kenneth Felix Haczynski on Monday said they see the US administration's tariffs as a challenge, but at the same time, it is an opportunity to look for "trusted partners" to do more business.
With the US administration under President Donald Trump imposing 25 per cent tariffs on Indian goods plus an unspecified 'penalty', India's textile and garment sector is likely to face stiff competition from Bangladesh and Vietnam, who have been hit with comparatively lower tariffs, Ajay Sr
The US administration's 25 per cent blanket tariffs on Indian goods is "unfortunate" but are poised to be short-lived, as both the partner countries are working on a Bilateral Trade Agreement (BTA), Vimal Pruthi, Partner, International Trade, EY India, said on Friday.
The Principal Deputy Spokesperson of the US Department of State, Tommy Pigott highlighted the priority of the US administration when it comes to the issue of Israel, where he stated that the focus is on ending the conflict, ensuring the release of hostages and getting in as much food as p
The US administration has, in a way, adopted a flexible trade strategy by offering reduced tariffs to countries that pledge reciprocal benefits such as increased purchases of US goods, removal of trade barriers, or investment in American industries.
Speaking to the reporters, Ashok Chavan said, "... I dont think President Trump's decision comes after a consensus or a mutual discussion. Our Minister of Commerce was in regular touch with the US administration... Any scope of appeal or discussion must be duly addressed so that India doesn'
The benchmark indices continued to face selling pressure at higher levels, with analysts indicating that the India-US new interim deal is unlikely to be finalised before the August 1 deadline. On Sunday, the US administration indicated that the August 1 deadline wouldn't be extended further.
The US Administration under President Donald Trump on Tuesday (local time) announced that the 2,000 National Guard members, who were deployed in response to widespread month-long immigration protests, were being withdrawn from the Los Angeles area, CNN reported.
Indian stock indices stayed in the green for the fourth straight session, lending support from positive global cues, relative peace on the Israel-Iran conflict front, and a possible extension of the July 9 tariff deadline by the US administration.
Foreign Secretary Vikram Misri visited Washington DC from May 27 to 29, where he held a series of high-level engagements with senior officials of the US Administration.
The US administration has been able to dominate the perception battle with its Indian counterpart at a time when both partner countries are negotiating for a bilateral trade deal, argued Ajay Srivastava, Founder of the Global Trade Research Initiative (GTRI) and a foreign trade officer.