US President Donald Trump on Tuesday (local time) reaffirmed that India-US will soon strike a trade deal with "much less tariffs", allowing both countries to compete.
"We are in the middle, hopefully more than the middle, of a very intricate trade negotiation. Obviously, my hope would be that we bring it to a successful conclusion, I cannot guarantee, because there's another party to that discussion, but no question," Jaishankar said in the Newsweek in
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.
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
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
After a federal court of the United States struck down a reciprocal tariff announced by US President Donald Trump, the Global Trade Research Initiative (GTRI) said that India should proceed cautiously in its ongoing Free Trade Agreement (FTA) negotiations with the US.