India, Trump tariffs and interim trade agreement
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Commerce Minister Piyush Goyal announced that over half of India’s merchandise exports to the US—worth $44 billion—will now enter the world's largest market at zero duty.
While many specific details of the India-U.S. deal are yet to be fully hashed out — in contrast with last week's comprehensive agreement between the EU and India — India's manufacturing sector is seen as a major initial beneficiary, according to investors, while I.T. and pharmaceuticals could also see a boost.
A new trade agreement between India and the United States is set to boost India's textile exports. The deal opens up America's large textile import market, offering a significant advantage to Indian exporters.
Indias exports in apparel, footwear, and chemicals will rise in the US market due to reduced tariffs under a new bilateral trade agreement.
U.S. President Donald Trump announced a trade deal with India that slashes U.S. tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade barriers.
This penalty was stacked on top of existing reciprocal tariffs, effectively pushing duties on many Indian goods to a staggering 50 per cent. The trade friction created immense pressure on Indian exporters in sectors like textiles and gems, who saw their price competitiveness vanish overnight.
New Delhi slashes duty on Harleys to zero, say government sources; levy on luxury cars will be reduced to 30 percent, EVs excluded
A newly announced trade agreement between India and the United States that lowers U.S. tariffs on Indian products is expected to strengthen Indian exports and support the government’s “Make in India” initiative, External Affairs Minister S. Jaishankar said Tuesday.
Foreign investors have been selling out of India’s highly valued stockmarket. The rupee slid to a record low against the dollar at the end of last year. Yet a combination of three things—luck, macroeconomic policy and structural reform—is reason for optimism,
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Andhra Pradesh to lead India's blue economy transformation: Jitendra Singh
Union Minister Jitendra Singh stated Andhra Pradesh and coastal states will lead India's Blue Economy transformation. He said the Union Budget 2026-27 gives this a concrete shape, prioritizing fisheries,