INDIA US TRADE DEAL
A good time to bump up our IPR regime
The US has placed India on its priority watch list due to concerns over intellectual property safeguards, creating a trade standoff. As both nations negotiate a trade agreement, the US seeks improved market access and addresses non-tariff barriers like India's IPR regime.
US-Ukraine Minerals Deal: US and Ukraine ink strategic minerals deal after long delay
US and Ukraine Minerals Deal: The United States and Ukraine have signed a long-negotiated investment deal granting Washington access to Kyiv’s critical mineral reserves. This agreement, framed as part of a broader peace strategy, comes as the war with Russia continues into its third year with no resolution in sight. The deal creates a joint fund to attract global investment, as both countries attempt to balance military and economic concerns. Meanwhile, Russian attacks on Ukrainian cities continue, with civilian casualties rising sharply, according to a new UN report.
India's total exports jump to record $825 bn in FY25 as services shipments rise over 13%
India's exports reached a record USD 824.9 billion in 2024-25, propelled by a surge in services exports to USD 387.5 billion. This represents a 6.01% growth over the previous year, with key sectors like telecommunications and financial services contributing significantly. However, concerns remain about order inflows from the US and Europe, prompting calls for government support.
"We're in a strong position": Trump teases trade deals with India, South Korea, Japan
US President Trump has revealed that the U.S. is in talks with India, South Korea, and Japan for potential trade deals as part of his broader tariff policy. Despite concerns about rising consumer costs, Trump insists the U.S. holds the upper hand in negotiations, claiming that many countries are eager to strike deals. Critics, however, warn that his unpredictable tariff strategy could harm long-term economic stability. The first of these potential deals could be announced soon, with Trump standing firm in his trade war approach.
Rupee strengthens to 84.48 amid positive trade deal sentiment
The rupee strengthened despite border tensions with Pakistan, and positive sentiment surrounding a potential trade deal between India and the US aided the rupee. The dollar index was at 99.4.
Trump says tariff talks with India 'going great', signs autos executive order amid industry concerns
President Trump expressed optimism about reaching a trade deal with India soon, despite previous tariff impositions. He temporarily suspended additional tariffs on Indian exports until July 9, signaling progress in ongoing discussions. Amid supply chain concerns, Trump also signed an autos executive order.
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India, US push for early wins in trade talks, eye fall 2025 deal
India and the US are actively pursuing an initial phase of their proposed bilateral trade agreement, aiming for "early mutual wins." In-person sectoral discussions are scheduled to commence from the end of May, following fruitful talks in Washington.
Indian trade deal talks moving well, much easier to negotiate with India: US Treasury Secretary Bessent
The United States and India are nearing a trade agreement. Negotiations are progressing well due to India's high tariffs. US officials see potential deals with South Korea and Japan too. Earlier, reciprocal tariffs were suspended for many countries except China and Hong Kong. US Vice President JD Vance met Prime Minister Narendra Modi to advance trade talks.
India prepared to 'future-proof' trade deal as sweetener in US talks, sources say
India is reportedly considering a rare "forward most-favoured-nation" clause in trade talks with the U.S., ensuring Washington receives the best tariff terms India offers any nation. Eager for a swift deal, India has already made preemptive concessions, aiming to become a major supplier to the U.S. in sectors China previously dominated.
India, US trade: Early mutual wins, in-person sectoral talks to begin May-end
India and the US are aiming for "early mutual wins" as they work towards finalizing the initial phase of their proposed bilateral trade agreement. Discussions during a three-day meeting in Washington covered tariff and non-tariff issues. Both countries are targeting to conclude the first part of the agreement by fall 2025.
India, US make 'positive progress' on trade pact, govt says
India and the US have made “positive progress” in recent talks aimed at finalising a bilateral trade agreement, according to India’s commerce ministry. Officials from both sides discussed steps to conclude the first phase of a mutually beneficial trade pact by fall 2025.
Piyush Goyal explores avenues for greater collaboration with UK
Piyush Goyal is in London to bolster India-UK trade and investment. He met with UK officials and business leaders, including Revolut and De Beers CEOs, to discuss fintech, the gems and jewellery sector, and FTA negotiations. The focus remains on securing a deal to significantly enhance the existing GBP 41 billion trade partnership.
One of first US trade deals may be with India: Scott Bessent
Speaking to reporters after two early morning TV interviews, Bessent said the first such trade agreement might come this week or next, but gave no further details. He told Fox News that President Donald Trump will be "intimately involved" in each of the bespoke trade deals with each of 15 to 18 important trading partners, but it will be important to reach agreements in principle soon.
US tariffs may erode Rs 2700-4500 cr of operating profits of Indian auto component exporters: ICRA
The Indian auto component industry is facing challenges due to newly imposed US tariffs, which could significantly impact exporters' earnings. ICRA estimates that the tariff-related impact may reduce operating profits by Rs 2,700-4,500 crore, affecting 10-15% of auto component exporters' profits and 3-6% of the overall industry's profits.
India-US trade deal: PM Modi will never compromise interests of our farmers, says Suresh Prabhu
Trade policies and the interventions should be managed with precision to safeguard the interests of both farmers and consumers, says Suresh Prabhu.
Export-ready Asian Countries lead the race for interim deals to avoid tariffs
Asian economies are proactively engaging in trade talks with the United States. This is to mitigate the impact of potential tariff increases. South Korea and Japan are aiming for interim agreements. These agreements are to secure tariff exemptions before the deadline. Treasury Secretary Scott Bessent mentioned ongoing negotiations with 17 US trading partners. Talks with Asian countries are progressing well.
US seeks India trade deal on e-commerce, crops and data storage, Bloomberg News reports
The terms of reference for a bilateral deal, which was finalized by both sides this week, includes trade in goods as well as services, the report said, citing people familiar with the matter said.
US Treasury Secy says India likely to be first to sign trade deal with Washington
US Treasury Secretary Scott Bessent told reporters he expects India to negotiate the first bilateral trade pact with the United States ahead of the July 8 deadline, when a 90-day pause on a 26 percent “reciprocal” tariff on Indian goods is set to expire.
US tariffs likely to hit India's growth directly by as much as 0.5% points, says FinMin Secy
India is actively pursuing a trade agreement with the United States, even as the potential impact of US tariffs on India's GDP growth is estimated to be between 0.2% and 0.5%. Finance Secretary Seth anticipates the Indian economy to expand by approximately 6.5% this fiscal year. The Reserve Bank of India has also projected a 6.5% growth.
Trump may chop China tariffs 'substantially' from 145% in possible trade deal shift, Beijing reacts
US President Trump hinted at easing trade tensions with China, suggesting potential tariff reductions upon reaching a deal, signaling a possible shift from his earlier aggressive stance. This comes amid market volatility and concerns from Treasury Secretary Scott Bessent about the unsustainability of current tariff levels.
Trump govt may press India to give Amazon, Walmart's Flipkart full access to $125 bn e-comm market
The United States is pushing India to open its e-commerce market to American giants like Amazon and Walmart. These talks are part of a broader trade deal covering sectors like food and automobiles. The US wants a level playing field, challenging India's regulations. India's rules favor local rivals. This comes amid US Vice President JD Vance's visit to India.
India-US trade deal may show the path to other countries, ACMIIL says
A new report suggests the India-US Bilateral Trade Agreement (BTA) could serve as a template for future Indian trade deals, prioritising technology acquisition and industrial growth. The BTA aligns with India's "Make in India" and "Atmanirbhar Bharat" initiatives, potentially lowering tariffs on some US agricultural products while importing advanced technologies.
India, US set the stage for trade talks with fresh roadmap in hand
India and the United States have finalised a roadmap to begin negotiations on a Bilateral Trade Agreement (BTA), following meetings between Prime Minister Narendra Modi and US Vice President JD Vance. The move comes as Washington enforces new tariffs under President Trump’s trade agenda, including a 26% rate on Indian imports. With key sectors exempt and talks prioritised, both sides aim to strike a balanced deal that enhances supply chain links, promotes trade, and protects their domestic industries.
Hope to seal first phase of US trade deal by fall: FM Nirmala Sitharaman
India aims to finalize the first phase of a trade agreement with the U.S. by autumn, Finance Minister Nirmala Sitharaman said during her U.S. visit. Amid ongoing trade talks, she will attend IMF, World Bank, and G20 meetings. The effort coincides with a 90-day U.S. tariff pause and growing diplomatic engagement, including U.S. Vice President JD Vance’s visit to India.
China sees trade signals while JD Vance keeps it personal in India
U.S. Vice President JD Vance began a four-day visit to India amid efforts to finalize a trade deal before a 90-day tariff pause ends. Vance will meet PM Modi to discuss trade and geopolitical ties. China is closely watching the visit, which comes as India balances U.S. tariff pressures with its economic priorities and Make in India strategy.
India actively engaging with US; hopes to sign first phase of bilateral pact by Oct: FM
India is actively pursuing a bilateral trade agreement with the US, aiming to finalize the first phase by fall. Finance Minister Sitharaman emphasized the government's commitment during her US visit, highlighting discussions with the US administration and the Prime Minister's engagement. India is also focusing on becoming a developed nation by 2047, prioritizing key sectors and inclusive growth.
Vance and Modi are likely to discuss a potential US-India trade deal. Here's what to know
U.S. Vice President JD Vance began a four-day official visit to India on Monday, with the goal of advancing economic ties and accelerating negotiations on a bilateral trade agreement. His visit comes amid escalating trade tensions between the U.S. and China, positioning India as a key strategic partner for Washington.
India, US likely to fast-track initial phase of trade pact
Indian trade negotiators will visit Washington DC this week to explore an "early tranche" of a proposed bilateral trade deal with US, which may include a limited set of mutually beneficial issues. The broader agreement spans 19 chapters, covering regulatory matters like digital tax, tariffs, and customs rules, with detailed offers to come later.
India, US lock in 19-chapter trade deal terms, to open talks in Washington on April 23
India and the US have finalised terms of reference for a proposed bilateral trade agreement, covering 19 chapters on issues like tariffs, goods, non-tariff barriers and customs facilitation, official sources said. A three-day round of talks will begin in Washington on April 23 to resolve pending issues during the 90-day tariff pause.
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