India, Tariff and trade deal
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India said on Thursday it was studying the impact of the 27% tariff slapped by the U.S. on its imports and vowed to push for a trade deal this year, signalling a conciliatory tone despite failing to ...
From Reuters
As part of this move, he announced 26% reciprocal tariffs on India.
From BBC
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10h
ABP News on MSNUS Revises India’s Tariff Rate, Cuts It To 26% From 27%In a recent announcement, President Donald Trump presented a chart detailing reciprocal tariffs for various countries, including India, China, the UK, and the European Union
Congressman John Moolenaar, who chairs the House Select Committee on China, released a statement endorsing President Trump’s declaration of new tariffs aimed at Chinese imports, based on a report from the Select Committee on the CCP (SCCCP).
12h
India Today on MSNUS tariffs stay at 26% as White House unveils new trade documentInitially, India’s tariff rate was mentioned as 27% in the earlier version of the White House annex. However, the latest revision has adjusted it to 26%.
India-China ties appear to be mending amid recent signs of the easing of tensions. The US trade war in which the two Asian giants are caught is also a factor.
White House Press Secretary Karoline Leavitt accuses India of engaging in unfair trade practices that harm American businesses and workers
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ET Retail on MSNIndia maintains high import duty, non-tariff barriers on American goods: US reportA US report highlights India's high import tariffs on various American goods such as agricultural products, drug formulations, and alcoholic beverages, emphasizing significant trade and regulatory challenges.
Potential US tariff hikes on Indian products risk impacting goods from various sectors, including agriculture and machinery. The impending tariff differential aims to counter the existing high import duty gap,
India and the United States are on track to finalise the first tranche of a multi-sector Bilateral Trade Agreement (BTA) by late 2025. This comes after a series of discussions held in New Delhi from 26-29 Marc between officials from India’s Department of Commerce and the US Trade Representative's Office.