Diabytes
India-US trade deal News
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While China has expressed skepticism about the understanding’s long-term stability, experts suggest that it could directly disadvantage Beijing, even as bilateral trade between India and China will continue to be unaffected.
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Opposition leaders, including Rahul Gandhi and Priyanka Gandhi, raised concerns that the agreement overlooked the interests of farmers and the dairy sector.
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US President Donald Trump’s push to sell Venezuelan oil to India faces high costs, logistical hurdles and refinery limits, analysts say.
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When Prime Minister Narendra Modi held a meeting with Vladimir Putin and Xi Jinping in China during the SCO summit, India sent its National Security Adviser Ajit Doval to Washington to help smooth tense ties with the US.
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US President Trump announced a reduction in US tariffs on India at 18%. However, the opposition was quick to flag issues with the claims made by President Trump and cornered the Modi government within hours.
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Jaishankar said, several facets of the India-US Strategic Partnership were discussed during the talks, including trade, energy, nuclear, defence, critical minerals and technology.
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Addressing a press conference, he said that the Prime Minister had used his friendship with US President Donald Trump to clinch a very good deal for India, giving priority to national interest.
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Carl Bildt said the EU-India trade deal pressured the US to cut tariffs to 18 per cent, a move welcomed by President Trump and Prime Minister Modi as strengthening India-US economic ties.
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Commerce Minister Piyush Goyal, in a press briefing, said agriculture and dairy sectors are fully protected, no US farm or dairy products get market access, to safeguard millions of small farmers and cooperatives from cheap imports.
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India-US trade deal: While the tariff cut was welcomed widely, the unequal structure of the agreement has raised a fundamental question: Is India celebrating a strategic win, or accepting an uneven trade compromise? Check what experts say...
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Kremlin says relations with india important after Trump's claims that India will halt Russian oil buys for a $500B US trade deal with lower tariffs.
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In a post on Truth Social, US President Donald Trump said that he discussed Trade and ending the War with Russia and Ukraine with PM Modi.
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India-US trade deal: While India and the United States have announced a trade agreement, Ukraine remains central to the broader context of the deal. Earlier, Trump had imposed an additional 25 per cent tariff on India, directly linking it to New Delhi’s purchases of Russian oil.
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There has been no official statement from the Indian side regarding India slashing tariffs on US goods to zero, nor any clarification on the key sectors in which an agreement has been made.
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According to user reports and Downdetector data, over 350 outage complaints were filed during peak trading hours, with 42 percent relating to Zerodha’s website, 32 percent to the mobile app, and the rest about trading functionality not working properly.
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India-US trade deal: After months of tariff-related tensions, India and the US have announced a trade agreement, and with that, tariffs on New Delhi have been brought down to 18 per cent. US President Donald Trump, announcing the agreement, stated that it would be effective immediately.
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Congress party also questioned Trump's claim of India will move to reduce tariff and non tariff barriers against the United States to ‘zero’.
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India-US trade deal: In a post on his Truth Social handle, US President Trump referred to his conversation with Prime Minister Modi earlier in the day. He said that PM Modi was one of his greatest friends and a powerful and respected leader of his country.
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Compared to China, India now enjoys significantly lower tariffs, with tariffs levied on Beijing at 34 per cent. India also enjoys a slight edge over Pakistan, with tariffs on Islamabad currently levied at 19 per cent.
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Defence Minister highlighted the deal as a major milestone in India-US relations, promoting stronger links and strategic collaboration. He also congratulated Prime Minister Narendra Modi and US President Donald Trump on the agreement.
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