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Time of India
23 minutes ago
- Time of India
Trade talks with US going on: Commerce Secretary
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel India is "fully engaged" with the US for a bilateral trade deal, but the status of an American delegation visiting India for the next round of talks will be known closer to the scheduled date of August 25, a top official on the issue is expected after a crucial meeting between US President Donald Trump and Russian President Vladimir Putin in Alaska on Friday to discuss the Ukraine conflict."Close to the date, we will be able to know how the talks will be," commerce secretary Sunil Barthwal said on end date for the first tranche of the proposed bilateral trade agreement (BTA) remains the fall of 2025, which is September or October this year, he underlined. So far, five rounds of BTA talks have been said negotiations are continuing between the two countries on several levels including ministerial, diplomatic and through the negotiating team. This comes amid the US imposing a 25% reciprocal tariff on Indian goods from August 7 and another 25% tariff as a penalty for buying oil and arms from Russia from August 27."The additional tariff depends on how geopolitics unfolds over the next 21 days," an official said, adding that it is too early to speculate on how it will pan out. "If conditions are favourable for India, the US may not impose additional duties," the official said referring to the Trump-Putin US remains India's largest trading partner and the commerce and industry ministry is in touch with exporters and export promotion councils to assess the impact of the 25% tariff already in inter-ministerial committees have also been set up to understand the sectoral impact of the tariffs. State governments are also looking at how they can facilitate said there does not seem to be a significant impact or front-loading of exports to the US between April and per official data, India's exports to the US were $33.53 billion in April-July FY26, which is 17.8% higher than $27.57 billion in April-July exports to the US in July were $8.01 billion as against $8.3 billion in June and $6.68 billion in July 2024.A high-level Indian delegation to Russia next week will discuss ways to put in place a rupee-denominated trade mechanism, officials said.A team of officials from the commerce and industry ministry is expected to be a part of the delegation accompanying external affairs minister S Jaishankar on his visit to said India's trade with China has been growing positively, with both imports and exports Delhi is also in touch with Beijing to address disruptions in rare earth magnet imports from China, and to ensure that supplies are restored, they goods exports to China were $5.76 billion between April and July 2025 against $4.8 billion a year government is intensifying efforts to fast-track free trade agreements (FTAs) with the European Union (EU) and some Latin American countries. It has also asked the United Kingdom (UK) to expedite the process of ratification of the India-UK trade pact so that it comes into force soon.


Time of India
23 minutes ago
- Time of India
US efforts to stop Ukraine war energetic and sincere: Vladimir Putin
MOSCOW: Russian President Vladimir Putin said on Thursday that the United States was making "sincere efforts" to halt the war in Ukraine and suggested Moscow and Washington could agree on a nuclear arms deal as part of a wider effort to strengthen peace. Putin was speaking to his most senior ministers and security officials on the eve of a summit in Alaska with US President Donald Trump , who is pressing for an end to the war. He said in televised comments that the US was "making, in my opinion, quite energetic and sincere efforts to stop the hostilities, stop the crisis and reach agreements that are of interest to all parties involved in this conflict". by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Crafted Elegance for the Modern Man Shop Twamev Heritage Shop Now Undo This was happening, Putin said, "in order to create long-term conditions for peace between our countries, and in Europe, and in the world as a whole-if, by the next stages, we reach agreements in the area of control over strategic offensive weapons." His comments signalled that Russia will raise the issue of nuclear arms control as part of a wide-ranging discussion on security when he sits down with Trump in Anchorage for the first Russia-US summit since June 2021. Live Events


News18
30 minutes ago
- News18
Putin Dangles Nuke Arms Control Deal, Europe Hopes Trump "Won't Be Fooled' In Alaska Ukraine
Last Updated: Crux Videos President Donald Trump said his meeting in Alaska with Russian President Vladimir Putin will be a 'big meeting' and is 'going to be a good meeting,' but that 'the more important meeting is the second meeting we're having' with Putin and comments to reporters in the Oval Office, the president suggested he may even bring in European leaders for the second discussion after meeting with said he believes that both Putin and Zelensky want to make if he might offer a rare earth minerals deal with Russia as part of his discussions with Putin, Trump said, 'We're going to see what happens with our meeting' but he also suggested that such minerals were 'very unimportant.'Trump also rejected the notion that the summit on U.S. soil is a win for Putin, insisting, 'I don't think it's a reward.' n18oc_world n18oc_crux0:00 INTRODUCTION2:14 'WE HOPE TRUMP WON'T BE FOOLED BY THE RUSSIANS'3:10 WILL TRUMP SECURE SECURITY GUARANTEES FOR UKRAINE?4:22 TRUMP FLOATS EUROPEAN LEADERS JOINING POTENTIAL PUTIN-ZELENSKY MEETING