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US team to visit India on August 25 for next round of talks for trade pact
Economic Times
·
25d ago
Medial
A U.S. delegation is scheduled to visit India on August 25 for a new round of negotiations on a proposed bilateral trade agreement. Both countries aim to finalize an interim trade deal before the August 1 tariff deadline. Key discussion points include U.S. demands for duty concessions on agricultural and industrial goods and India's requests for tariff relief in sectors like textiles and electronics. Talks are expected to conclude a first phase by September-October.
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US team to visit India in August for next round of talks for trade pact
Economic Times
·
1m 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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US trade team postpones India visit for bilateral trade agreement talks
Economic Times
·
7d ago
Medial
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.
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India-US trade pact talks gain momentum, says Goyal
Economic Times
·
28d ago
Medial
Commerce and Industry Minister Piyush Goyal announced that trade agreement negotiations with the US are progressing rapidly. The US delegation will visit India for further discussions, following the recent completion of the fifth negotiation round in Washington. Both nations aim to finalize the initial phase of the agreement by September-October, targeting to increase bilateral trade from USD 191 billion to USD 500 billion. Additionally, a free trade agreement with Oman is nearing completion.
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Last-ditch efforts on to avoid higher US tariffs as India pushes for trade pact: Sources
Economic Times
·
24d 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 negotiators postpone 25 August Delhi visit, trade talks with India stall ahead of sixth round
Economic Times
·
7d ago
Medial
A scheduled visit of a U.S. delegation to India for trade negotiations was postponed, affecting ongoing talks on a bilateral trade agreement. The visit aimed to alleviate escalating trade tensions, including the U.S. imposing a 25% tariff on Indian exports, set to double. The delay complicates efforts to address trade imbalances and the U.S.'s leverage over India's continued Russian oil imports. India remains committed to maintaining key imports and advocating for its economic interests.
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Two days to go: No clarity over US tariffs, trade pact talks on
Economic Times
·
25d 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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India, US may agree on interim trade pact by June 25, says report
Business Today
·
2m ago
Medial
India and the US aim to finalize an interim trade pact by June 25, to further strengthen their bilateral relationship. In 2024-25, the US remained India's largest trading partner, with trade totaling $131.84 billion. India seeks duty concessions on textiles, gems, jewelry, and several agricultural products, while the US requests concessions on industrial goods, automobiles, wines, and agricultural items. They aim to conclude the first phase of the agreement by September-October 2025, enhancing economic ties further.
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Deloitte South Asia CEO says trade and tariff disputes unlikely to persist indefinitely
Economic Times
·
1m ago
Medial
Deloitte South Asia CEO Romal Shetty believes that current trade and tariff disputes won't last indefinitely. He anticipates easing tensions in a few months, highlighting strengthened India-US relations due to shared interests and strategic geopolitical positioning. Both countries are negotiating a crucial trade pact, with another round of talks planned in August. Shetty is optimistic about resolving the disputes and sees India's strong position benefiting its strategic and geopolitical standing.
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Indian markets stare at short-term jitters from Trump's tariff hit
Livemint
·
23d ago
Medial
Indian markets may face short-term challenges due to a 25% tariff imposed by US President Donald Trump on imports from India, affecting key export sectors like textiles, pharmaceuticals, and automotive components. Despite this, experts believe the impact will be temporary, with hopes of a trade agreement between India and the US. Negotiations for a bilateral trade deal are scheduled for August, potentially alleviating market pressures.
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Would like to conclude early tranche of trade pact with US before July 9: Commerce Secretary
Economic Times
·
2m ago
Medial
India and the US are progressing well in negotiations for a trade agreement, aiming to conclude an early tranche before July 9, according to Commerce Secretary Sunil Barthwal. Both sides have conducted multiple visits to each other's countries for discussions. The US had imposed an additional 26% reciprocal tariff on Indian goods, temporarily suspended until July 9, while a 10% baseline tariff remains. The talks are on track to meet the set deadlines.
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