The United States accounted for roughly 30% of India’s gems and jewellery exports, valued at approximately $10 billion annually in 2023-24
Trump's 27% tariff on Indian imports has been quietly revised to 26% after discrepancies in White House documents sparked confusion among trade watchers and officials
The South Asian nation is feeling the heat as the White House gears up to launch stiff reciprocal tariffs on April 2, what Trump has called “Liberation Day.”
In a series of meeting in New Delhi with Brendan Lynch, the assistant U.S. trade representative for South and Central Asia, India agreed to cut tariffs on bourbon whiskey and agricultural products such as almonds, walnuts, cranberries, pistachios and lentils, one of the sources familiar with discussions, said.
India fast-tracks duty cuts for US goods in bilateral trade agreement amid Trump's tariffs, cautious negotiations advised.
China, Canada and the European Union have appeared unwilling to negotiate on the Trump administration’s proposed tariffs — but India has been an active participant at the negotiating table,
Exclusive-India Eyes Tariff Cut on More Than Half of US Imports to Shield Its Exports, Sources Say By Sarita Chaganti Singh, Aftab Ahmed and Manoj Kumar NEW DELHI (Reuters) - India is open to cutting tariffs on more than half of U.S. imports worth $23 ...
Indian technology stocks faced significant selling pressure, with the Nifty IT index dropping 3.3% to a 9-month low amid fears of a US recession. Tariff policies from the Trump administration have heightened concerns about a potential economic slowdown affecting Indian tech companies.