BilateralTrade

Leather, textiles, gems, jewellery, shrimp exports to hit hard from 50% US tariff

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Leather, textiles, gems, jewellery, shrimp exports to hit hard from 50% US tariff

In a significant blow to Indian exporters, U.S. President Donald Trump has imposed a new 25% tariff on Indian goods, bringing the total duty on many products to 50%. This measure, a penalty for India’s continued purchase of Russian oil, is expected to severely impact several key sectors of India’s economy. The first 25% tariff … Read more

Countdown to Deal: India-US Trade Negotiations Intensify

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Countdown to Deal: India-US Trade Negotiations Intensify

India-US Trade Deal “Not Too Distant,” Says US Commerce Secretary Good news on the India-US trade front! US Commerce Secretary Howard Lutnick announced Monday that a trade deal between the two nations is likely in the “not too distant future.” He believes both countries have found a “place that really works.” This optimistic outlook comes … Read more