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Indian team in Washington; trade talks to begin Monday: Official

Economic Times

Economic Times · 1m ago

Indian team in Washington; trade talks to begin Monday: Official

An Indian commerce ministry team is in Washington for trade talks on a proposed bilateral trade agreement with the U.S. Negotiations will focus on resolving issues in agriculture, automobiles, and tariffs. India seeks to ease U.S. tariffs on steel, aluminum, and autos, while the U.S. requests duty concessions on dairy and industrial goods. The goal is to conclude the agreement's first phase by fall, with the talks running through Thursday.

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Race against tariffs: India toughens stand on agri trade as US talks enter crucial phase

Economic Times

Economic Times · 1m ago

Race against tariffs: India toughens stand on agri trade as US talks enter crucial phase

India has intensified its position on agricultural issues during crucial trade talks with the US in Washington. Led by Special Secretary Rajesh Agrawal, the Indian delegation seeks to finalize an interim trade agreement to avoid the reinstatement of a 26% US tariff on Indian goods by the July 9 deadline. While the US demands concessions on agricultural, industrial, and tech products, India aims for reduced tariffs on labor-intensive sectors, working towards doubling trade to $500 billion by 2030.

India, US eye breakthrough in trade talks as Piyush Goyal visits Washington this weekend - BusinessToday

Business Today

Business Today · 3m ago

India, US eye breakthrough in trade talks as Piyush Goyal visits Washington this weekend - BusinessToday

Commerce Minister Piyush Goyal will visit Washington to lead critical trade talks with the U.S., aiming for an interim bilateral trade agreement. The discussions will focus on market access, non-tariff barriers, and maintaining a balanced trade relationship amidst current tariff pauses. India seeks duty reductions in labor-intensive sectors, while the U.S. seeks concessions in industrial goods and agriculture. The talks build on previous diplomatic groundwork to enhance bilateral trade, aiming for a finalized pact by 2025.

India, US BTA not signed yet, 5 rounds of talks held: Govt to Parliament

Economic Times

Economic Times · 1m ago

India, US BTA not signed yet, 5 rounds of talks held: Govt to Parliament

India and the US are negotiating a Bilateral Trade Agreement (BTA) but it is yet to be signed despite five rounds of discussions. The latest round took place from July 14-18 in Washington. Meanwhile, India’s Free Trade Agreement (FTA) with the UK is a landmark deal that enhances market access across sectors, benefiting Indian exports and services. Talks with the EU continue, with 12 rounds completed, emphasizing economic integration and regulatory transparency.

US trade talks moving at fast pace for win-win deal: Piyush Goyal

Economic Times

Economic Times · 1m ago

US trade talks moving at fast pace for win-win deal: Piyush Goyal

India and the US are progressing rapidly in trade negotiations to establish a mutually beneficial bilateral trade agreement (BTA). Commerce and Industry Minister Piyush Goyal emphasized the spirit of cooperation, with Indian negotiators in Washington for discussions. The aim is to conclude the first phase by fall 2023. Commerce Secretary Sunil Barthwal highlighted ongoing talks with the EU and US, noting FTAs' importance in promoting global capability centres and including modern aspects like services, innovation, and regulatory harmonization.

Indian negotiators extend US stay as trade talks gather pace

Economic Times

Economic Times · 2m ago

Indian negotiators extend US stay as trade talks gather pace

Indian and US negotiators extended their stay in Washington to finalize a trade agreement before new US tariffs are imposed on July 9. Talks were prolonged to overcome key issues, like the US demand for India to open its market to genetically modified crops, which India has declined due to farmer risks. India seeks an agreement that covers both sectoral access and reciprocal tariffs on its exports. Negotiations are ongoing, aiming for an interim trade deal.

South Korea to raise concerns to US over potential curbs on chipmakers' China operations

Economic Times

Economic Times · 2m ago

South Korea to raise concerns to US over potential curbs on chipmakers' China operations

South Korea's trade minister, Yeo Han-koo, plans to discuss potential U.S. restrictions on South Korean chipmakers operating in China during upcoming trade discussions in Washington. The talks are part of ongoing tariff negotiations, with a current focus on crafting a trade deal by July 8. Yeo, who was recently appointed following a snap election, expressed concerns over U.S. policies that could affect foreign chipmakers and indicated negotiations might extend beyond the initial deadline.

US trade team postpones India visit for bilateral trade agreement talks

Economic Times

Economic Times · 12d ago

US trade team postpones India visit for bilateral trade agreement talks

The visit of the US trade team to India for the sixth round of bilateral trade agreement (BTA) talks has been postponed, with no new date set. This delay is significant as the US has imposed a 50% tariff on Indian goods, demanding greater market access in sensitive areas like agriculture. Despite this, India’s exports to the US increased by 17.8% from April to July FY26, highlighting the countries' strong trade relationship.

Taiwan economy ministry has received no information about any TSMC investment in Intel, US

Economic Times

Economic Times · 6m ago

Taiwan economy ministry has received no information about any TSMC investment in Intel, US

Taiwan's economy minister stated that the ministry has not received any official overseas investment application from TSMC, addressing rumors of possible investments in Intel and the US. Reports suggest TSMC, a leading chipmaker, is in talks to potentially invest in Intel, but no formal confirmation has been given. Any substantial overseas investment requires government approval. The minister emphasized the absence of an official application, while US pressure on Taiwan's semiconductor sector continues amid trade concerns.

Trump says US will start talks with China on TikTok deal this week - The Economic Times

Economic Times

Economic Times · 1m ago

Trump says US will start talks with China on TikTok deal this week - The Economic Times

U.S. President Donald Trump announced plans to start talks with China regarding a potential TikTok deal. He mentioned discussions would likely begin on Monday or Tuesday, potentially involving President Xi or his representatives. The U.S. had extended the deadline for ByteDance, TikTok's parent company, to divest its U.S. assets. A previous deal to establish a new U.S.-based entity was stalled after China objected, necessitating new negotiations. Trump expressed cautious optimism about reaching an agreement.

India-US to start discussions on proposed trade deal soon

Business Today

Business Today · 6m ago

India-US to start discussions on proposed trade deal soon

India and the US are set to begin discussions on a proposed bilateral trade agreement soon. This initiative aims to enhance trade relations between the two countries. Additionally, negotiations for free trade agreements with the UK and the EU are scheduled to advance this month. The Indian government remains optimistic about these efforts, anticipating a boost in trade with its international partners through the successful conclusion of these agreements.

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