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The Centre on Monday said India has adopted a calibrated tariff liberalisation approach under the India-US Bilateral Trade Agreement, allowing duty elimination in phases of up to 10 years for select products while keeping highly sensitive agricultural sectors fully protected.According to a government statement as reported by ANI, agricultural market access for the United States…
During much of 2024 and 2025, India was one of the largest purchasers of discounted Russian oil. (AI image) Will India stop buying Russian crude oil? US President Donald Trump has signed an executive order revoking the 25% penal tariffs on India for its imports of crude from Russia. However, the executive order clearly says…
NEW DELHI: Commerce and industry minister Piyush Goyal has said Indian exporters will enjoy a “competitive advantage” in the US market under the interim trade framework, arguing that an 18 per cent tariff on Indian goods compares favourably with higher duties imposed on others.Speaking after a day after US President Donald Trump signed an executive…
India will reportedly reduce its Russian oil imports following the deal with the US, who has agreed to cut trade tariffs in exchange. US President Donald Trump signed an order removing the additional 25 per cent duty on Indian imports after India promised to decrease Russian oil purchases. While refiners haven’t received official orders to…
The India-US trade agreement is expected to unlock America’s $118 billion global imports market for textiles, apparel and made-ups, offering a major opportunity for India’s textile sector, the government said on Saturday.US remains the largest market for India’s textile exports, and the new tariff framework is expected to strengthen India’s positioning in global textile supply…
NEW DELHI: Animal feed, ethanol for fuel, poultry, flowers and tea are likely to be among items on the negative list for import concessions given to the US under the first tranche of bilateral trade deal, for which a joint statement is expected in the next few days, reports Sidhartha.In line with commerce and industry…
US President Donald Trump on Friday signed an executive order revoking the additional 25 per cent tariff imposed on all imports from India over New Delhi’s purchases of Russian oil, the White House said.The move comes days after India and the United States finalised a long-pending trade deal, following nearly a year of trade tensions…
Bangladesh’s interim government plans to sign a secret tariff agreement with the United States on February 9, just three days before the country’s parliamentary elections and about a week after India secured a trade with the US. The move has sparked concerns among business leaders and analysts due to its timing and lack of transparency,…
US President Donald Trump and Prime Minister Narendra Modi on February 2 surprised everyone with the India–US trade deal, announcing a reduction in tariffs on Indian goods entering the American market from 50% to 18%, lower than those faced by most Asian neighbours.Trump also confirmed that the punitive 25% duty imposed on India for buying…
BENGALURU: India’s seafood exports to the US are expected to recover after the latter agreed to reduce tariffs, industry body Seafood Exporters Association of India (SEAI) said.The US is the largest export destination for Indian seafood, with shipments valued at $2.7 billion in 2024-25. However, exports were under pressure in recent months, following the imposition…
