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News on Medial
Two days to go: No clarity over US tariffs, trade pact talks on
Economic Times
·
1d ago
Medial
With the August 1 deadline approaching, there is uncertainty regarding the U.S.'s higher tariffs on Indian goods. Both countries are engaged in intense trade negotiations, but the exact tariff rates remain unclear. President Trump announced potential tariffs of 15-20% on exports from countries without separate trade deals. The U.S. and India have concluded the fifth round of bilateral trade agreement discussions, aiming to finalize the first tranche by October-November. The outcome of these talks remains uncertain.
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Last-ditch efforts on to avoid higher US tariffs as India pushes for trade pact: Sources
Economic Times
·
1d ago
Medial
India and the US are in last-minute negotiations to finalize an interim trade deal before the August 1 deadline, avoiding increased US tariffs. The US tariffs, initially suspended, are set to resume without an agreement. India seeks concessions on tariffs particularly affecting sectors like steel, aluminum, and textiles, while the US desires reduced duties on industrial goods and agricultural products. The talks aim to resolve trade barriers and finalize some agreements by fall 2023.
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US team to visit India in August for next round of talks for trade pact
Economic Times
·
10d ago
Medial
A US team is set to visit India in August for further trade discussions, aiming to finalize an interim trade deal. Upcoming talks focus on the suspension of Trump-era tariffs, with India's negotiator Rajesh Agrawal and US counterpart Brendan Lynch deliberating. Key issues include US demands for agricultural duty concessions and India's push to eliminate tariffs on steel, aluminum, and textiles. The countries aim to conclude initial trade agreement discussions by fall 2023.
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India-US trade talks extended as July deadline nears
Business Today
·
1m ago
Medial
India and the US are in extended trade talks to finalize a limited agreement before July 9, hoping to avoid the reimposition of 26% reciprocal tariffs on Indian exports. This is part of a phased effort to improve bilateral trade relations, focusing on preventing tariffs that could impact the economic ties between the two countries. The discussions aim to resolve outstanding trade issues and enhance cooperation, with both sides working against the impending deadline.
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India, US push for trade pact as deadline nears
Economic Times
·
1m ago
Medial
India and the US are engaged in intense discussions to finalize a trade pact before the July 9 deadline, when the 90-day pause on US retaliatory tariffs ends. Key issues include India's demand to roll back tariffs and the US's aim to sell genetically modified crops to India. Both sides have resolved several matters, though some sectors like agriculture remain challenging. A limited trade deal, possibly excluding broader issues, is anticipated.
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India has 'no basis' to seek WTO consultations on auto tariffs: US
Economic Times
·
1m ago
Medial
India has sought consultations with the US at the WTO over increased tariffs on automobiles and parts, implemented under Section 232 for national security. The US argues there's "no basis" for India's consultation request under the Agreement on Safeguards, as these tariffs aren't safeguard measures. The dispute arises as both nations negotiate a Bilateral Trade Agreement. Previously, India proposed retaliatory duties on US products due to similar US tariffs on steel and aluminum.
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As trade talks commence, India remains hopeful of escaping reciprocal tariffs from US from April 2
Business Today
·
4m ago
Medial
India is optimistic regarding the avoidance of reciprocal tariffs from the United States starting April 2. As part of ongoing trade talks, India has shown readiness to reduce tariffs on various items in negotiations with the U.S., demonstrating its commitment to fostering improved economic relations and reducing trade barriers between the two countries.
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Chinese smartphone exports to US plunge to lowest since 2011
Economic Times
·
2m ago
Medial
Chinese smartphone exports to the US fell to their lowest since 2011, driven by US tariffs on imports. Smartphone exports dropped 72% in April, highlighting disruptions in tech supply chains and fears of a global trade war. The US-China trade tensions were exacerbated by sanctions and talks over high-value exports. Meanwhile, Apple's production in India has increased, underscoring a shift in manufacturing locations as production in the US remains unfeasible.
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Wary investors hope US-China talks cool high-stakes trade war
Economic Times
·
2m ago
Medial
Investors are cautiously optimistic about US-China trade talks aimed at cooling the ongoing trade war. While many do not expect a swift resolution, they hope for de-escalation. Recent tariffs have disrupted global trade and increased market volatility. Despite signs of potential progress, skepticism remains about achieving a "grand compromise." Recent US-China tensions and tariffs on imports continue to weigh on markets, though some investors express cautious optimism about long-term resolutions and economic resilience.
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Indian negotiators extend US stay as trade talks gather pace
Economic Times
·
1m ago
Medial
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.
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US-China Trade War Escalates to 245% Duties: A Timeline of Tariff Stand-Off
OutlookIndia
·
2m ago
Medial
The US-China trade war has intensified, with tariffs now reaching 245%. Negotiations have been strained since April 2017, with a series of tariffs exchanged on various goods. China's response to Trump's "ball is in China's court" comment emphasized the need for mutual respect in talks. The trade conflict has extended to technology sectors, including a ban on Huawei. As both nations escalate tariffs, global economic conditions remain unstable, with no resolution in sight.
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