In America, Donald Trump administration has started a new investigation against 16 major trading partner countries including India, China and Bangladesh. This investigation is being conducted under America’s Trade Act Section 301 (Trade Act 1974). Under this law, America can increase tariff i.e. import tax on any country. This step has been taken when last…
Mumbai: The rupee is likely to open stronger against the US dollar on Monday after the US Supreme Court. struck down President Donald Trump’s tariffs, prompting a recalibration of the North American country’s trade policy and reducing India’s effective tariff exposure to 15% from 18%. However, traders believe any near-term appreciation may be modest and…
The 18 percent reciprocal tariff imposed by America on India may now become ineffective. Recently, the US Supreme Court has given an important decision, after which the new tariff system has come into effect. Now both the countries are working on a new interim trade agreement (BTA), which can be beneficial for both. Earlier there…
As a result, rather than embracing across-the-board liberalization, nations increasingly rely on bilateral and regional trade agreements, often shielding sensitive domestic sectors. The shift has intensified during the Trump years, with tariffs used as tools of geopolitical leverage and countries scrambling to secure preferential access. India too has signed a flurry of agreements, including those…
Congress MP Randeep Singh Surjewala has made a scathing attack on the central government. He has alleged that Indian farmers, energy security and digital freedom have been sacrificed in the deal between India and America. During this, Surjewala has raised questions on the central government’s slogan of self-reliant India. Surjewala has asked whether India is…
Prime Minister Narendra Modi has given the first interview after the Union Budget and trade deal with America and European Union. Speaking to news agency PTI, PM Modi said that India’s strong manufacturing sector, service sector and MSME (Micro, Small and Medium Enterprises) sector enabled us to enter into Free Trade Agreements (FTAs) with 38…
United States Secretary of State on 14 February said that the US has secured “commitment to stop buying additional Russian oil” during trade and tariff discussions with India. “In our conversations with India, we have gotten their commitment to stop buying additional Russian oil,” Rubio stated. Notably, the Trump administration leader has not clarified whether…
BJP MP Nishikant Dubey on Friday fiercely targeted Congress leader and Lok Sabha leader of opposition Rahul Gandhi. He even called Rahul Gandhi a ‘great fool’. This statement of Nishikant has come against Rahul Gandhi’s video regarding the interim trade deal between India and America. Nishikant Dubey, representing the party, was seen defending the Centre’s…
NEW DELHI: In the latest update to the US-India trade pact, Washington has said India has committed to removing its digital services taxes and to negotiating trade rules “that address discriminatory or burdensome practices and other barriers to digital trade”. This statement came in a White House factsheet, released Monday, US time, that also made…
When the Office of the United States Trade Representative (USTR) shared a post on X highlighting India–US trade following the new deal, a detail drew attention. Rather than the trade sectors, it was the map of India in the post that stood out. The map promoting the agreement depicted India as a single, undivided territory…
