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The Print
7 hours ago
- Business
- The Print
US team to visit India on Aug 25 for next round of talks for trade pact
August 1 marks the end of the suspension period of tariffs imposed by US President Donald Trump on dozens of countries, including India (26 per cent). The official added that the two sides continue to be engaged in an interim trade deal as the August 1 deadline is approaching. New Delhi, Jul 29 (PTI) The US team will visit India on August 25 for the next round of negotiations for the proposed bilateral trade agreement between the two countries, an official said on Tuesday. 'The US team is visiting for the sixth round of talks,' the official said. India and the US teams concluded the fifth round of talks for the agreement last week in Washington. India's chief negotiator and special secretary in the Department of Commerce Rajesh Agrawal and Assistant US Trade Representative for South and Central Asia Brendan Lynch held the deliberations. These deliberations are important as both sides are looking at finalising an interim trade deal before August 1. On April 2 this year, Trump announced high reciprocal tariffs. The implementation of high tariffs was immediately suspended for 90 days till July 9 and later until August 1, as America is negotiating trade deals with various countries. India has hardened its position on the US demand for duty concessions on agri and dairy products. New Delhi has, so far, not given any duty concessions to any of its trading partners in a free trade agreement in the dairy sector. Certain farmers' associations have urged the government not to include any issues related to agriculture in the trade pact. India is seeking the removal of this additional tariff (26 per cent). It is also looking at the easing of tariffs on steel and aluminium (50 per cent) and the auto sector (25 per cent). These issues are an important part of the trade pact negotiations. Against these, India has reserved its right under the WTO (World Trade Organization) norms to impose retaliatory duties. The country is also seeking duty concessions for labour-intensive sectors, such as textiles, gems and jewellery, leather goods, garments, plastics, chemicals, shrimp, oil seeds, grapes, and bananas, in the proposed trade pact. On the other hand, the US wants duty concessions on certain industrial goods, automobiles, especially electric vehicles, wines, petrochemical products, agri goods, dairy items, apples, tree nuts, and genetically modified crops. The two countries are looking to conclude talks for the first tranche of the proposed bilateral trade agreement (BTA) by fall (September-October) this year. Before that, they are looking for an interim trade pact. India's merchandise exports to the US rose 22.8 per cent to USD 25.51 billion in the April-June quarter this financial year, while imports rose 11.68 per cent to USD 12.86 billion. PTI RR SHW This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
NDTV
8 hours ago
- Business
- NDTV
US Team To Visit India On August 25 For Next Round Of Trade Talks
New Delhi: The US team will visit India on August 25 for the next round of negotiations for the proposed bilateral trade agreement between the two countries, an official said on Tuesday. The official added that the two sides continue to be engaged in an interim trade deal as the August 1 deadline is approaching. August 1 marks the end of the suspension period of tariffs imposed by US President Donald Trump on dozens of countries, including India (26 per cent). "The US team is visiting for the sixth round of talks," the official said. India and the US teams concluded the fifth round of talks for the agreement last week in Washington. India's chief negotiator and special secretary in the Department of Commerce Rajesh Agrawal and Assistant US Trade Representative for South and Central Asia Brendan Lynch held the deliberations. These deliberations are important as both sides are looking at finalising an interim trade deal before August 1. On April 2 this year, Trump announced high reciprocal tariffs. The implementation of high tariffs was immediately suspended for 90 days till July 9 and later until August 1, as America is negotiating trade deals with various countries. India has hardened its position on the US demand for duty concessions on agri and dairy products. New Delhi has, so far, not given any duty concessions to any of its trading partners in a free trade agreement in the dairy sector. Certain farmers' associations have urged the government not to include any issues related to agriculture in the trade pact. India is seeking the removal of this additional tariff (26 per cent). It is also looking at the easing of tariffs on steel and aluminium (50 per cent) and the auto sector (25 per cent). These issues are an important part of the trade pact negotiations. Against these, India has reserved its right under the WTO (World Trade Organization) norms to impose retaliatory duties. The country is also seeking duty concessions for labour-intensive sectors, such as textiles, gems and jewellery, leather goods, garments, plastics, chemicals, shrimp, oil seeds, grapes, and bananas, in the proposed trade pact. On the other hand, the US wants duty concessions on certain industrial goods, automobiles, especially electric vehicles, wines, petrochemical products, agri goods, dairy items, apples, tree nuts, and genetically modified crops. The two countries are looking to conclude talks for the first tranche of the proposed bilateral trade agreement (BTA) by fall (September-October) this year. Before that, they are looking for an interim trade pact. India's merchandise exports to the US rose 22.8 per cent to USD 25.51 billion in the April-June quarter this financial year, while imports rose 11.68 per cent to USD 12.86 billion.
Mint
11 hours ago
- Business
- Mint
India-US trade deal: American delegates to visit New Delhi to hold sixth round in August. Details here
Representatives from the United States are set to visit India on 25 August 2025 for the next round of negotiations for the proposed India-US trade deal, news agency PTI reported on Tuesday, 29 July 2025, citing officials aware of the development. 'The US team is visiting for the sixth round of talks,' the official told the news agency. He also mentioned that the two nations will continue to negotiate an interim trade deal as US President Donald Trump's 1 August tariff deadline nears. Trump's tariffs on world nations will be imposed on 1 August 2025 after the end of the suspension period, which means exports from India to the United States will witness the effect of a 26 per cent tariff rate on top of the existing 10 per cent baseline duty. Indian and US delegations finished their fifth round of trade talks last week in Washington. India's chief negotiator and special secretary of the Department of Commerce, Rajesh Agrawal, and Assistant US Trade Representative for South and Central Asia, Brendan Lynch, discussed the trade deal ahead of the tariff deadline. According to the report, both nations are looking to finalise an interim trade deal before the August tariff deadline. The reciprocal tariffs were imposed on 2 April 2025 and were supposed to take effect from 9 July 2025. However, the deadline for the imposition of the import duties was later extended to 1 August 2025. India, in its trade negotiations with the US, has hardened its position on the US's demand for import duty cuts on agriculture and dairy products. However, the country has not given any import duty cuts on these products to any of its trading partners, as per the agency report. Farmer associations across India have also requested the government not to include any issues related to agriculture in the trade deal. India aims to remove the additional 26 per cent tariffs, along with the 50 per cent rates on steel and aluminium and 25 per cent tariffs on automobiles. The nation has also reserved its rights under the World Trade Organisation (WTO) to impose retaliatory tariffs on the Western nation. India also wants tariff cuts on textiles, gems and jewellery, leather goods, garments, plastics, chemicals, shrimp, oil seeds, grapes, and bananas. In exchange, the United States is seeking tariff cuts on industrial goods, automobiles, especially electric vehicles, wines, petrochemical products, agri goods, dairy products, apples, tree nuts, and genetically modified crops.
Mint
12 hours ago
- Business
- Mint
India-US trade deal: American delegates to visit New Delhi for sixth round of talks in August. Details here
Representatives from the United States are set to visit India on 25 August 2025 for the next round of negotiations for the proposed India-US trade deal, news agency PTI reported on Tuesday, 29 July 2025, citing officials aware of the development. 'The US team is visiting for the sixth round of talks,' the official told the news agency. He also mentioned that the two nations will continue to negotiate an interim trade deal as US President Donald Trump's 1 August tariff deadline nears. Trump's tariffs on world nations will be imposed on 1 August 2025 after the end of the suspension period, which means exports from India to the United States will witness the effect of a 26 per cent tariff rate on top of the existing 10 per cent baseline duty. Indian and US delegations finished their fifth round of trade talks last week in Washington. India's chief negotiator and special secretary of the Department of Commerce, Rajesh Agrawal, and Assistant US Trade Representative for South and Central Asia, Brendan Lynch, discussed the trade deal ahead of the tariff deadline. According to the report, both nations are looking to finalise an interim trade deal before the August tariff deadline. The reciprocal tariffs were imposed on 2 April 2025 and were supposed to take effect from 9 July 2025. However, the deadline for the imposition of the import duties was later extended to 1 August 2025. India, in its trade negotiations with the US, has hardened its position on the US's demand for import duty cuts on agriculture and dairy products. However, the country has not given any import duty cuts on these products to any of its trading partners, as per the agency report. Farmer associations across India have also requested the government not to include any issues related to agriculture in the trade deal. India aims to remove the additional 26 per cent tariffs, along with the 50 per cent rates on steel and aluminium and 25 per cent tariffs on automobiles. The nation has also reserved its rights under the World Trade Organisation (WTO) to impose retaliatory tariffs on the Western nation. India also wants tariff cuts on textiles, gems and jewellery, leather goods, garments, plastics, chemicals, shrimp, oil seeds, grapes, and bananas. In exchange, the United States is seeking tariff cuts on industrial goods, automobiles, especially electric vehicles, wines, petrochemical products, agri goods, dairy products, apples, tree nuts, and genetically modified crops. The report also cited export data, which showed that the total merchandise export to the United States jumped 22.8 per cent to $25.51 billion in the April-June quarter of the 2025-26 fiscal year, while the imports were at $12.86 billion, marking a 11.68 per cent rise.
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Business Standard
14 hours ago
- Business
- Business Standard
US team to visit India on Aug 25 for next round of talks for trade pact
The official added that the two sides continue to be engaged in an interim trade deal as the August 1 deadline is approaching Press Trust of India New Delhi The US team will visit India on August 25 for the next round of negotiations for the proposed bilateral trade agreement between the two countries, an official said on Tuesday. The official added that the two sides continue to be engaged in an interim trade deal as the August 1 deadline is approaching. August 1 marks the end of the suspension period of tariffs imposed by US President Donald Trump on dozens of countries, including India (26 per cent). "The US team is visiting for the sixth round of talks," the official said. India and the US teams concluded the fifth round of talks for the agreement last week in Washington. India's chief negotiator and special secretary in the Department of Commerce Rajesh Agrawal and Assistant US Trade Representative for South and Central Asia Brendan Lynch held the deliberations. These deliberations are important as both sides are looking at finalising an interim trade deal before August 1. On April 2 this year, Trump announced high reciprocal tariffs. The implementation of high tariffs was immediately suspended for 90 days till July 9 and later until August 1, as America is negotiating trade deals with various countries. India has hardened its position on the US demand for duty concessions on agri and dairy products. New Delhi has, so far, not given any duty concessions to any of its trading partners in a free trade agreement in the dairy sector. Certain farmers' associations have urged the government not to include any issues related to agriculture in the trade pact. India is seeking the removal of this additional tariff (26 per cent). It is also looking at the easing of tariffs on steel and aluminium (50 per cent) and the auto sector (25 per cent). These issues are an important part of the trade pact negotiations. Against these, India has reserved its right under the WTO (World Trade Organization) norms to impose retaliatory duties. The country is also seeking duty concessions for labour-intensive sectors, such as textiles, gems and jewellery, leather goods, garments, plastics, chemicals, shrimp, oil seeds, grapes, and bananas, in the proposed trade pact. On the other hand, the US wants duty concessions on certain industrial goods, automobiles, especially electric vehicles, wines, petrochemical products, agri goods, dairy items, apples, tree nuts, and genetically modified crops. The two countries are looking to conclude talks for the first tranche of the proposed bilateral trade agreement (BTA) by fall (September-October) this year. Before that, they are looking for an interim trade pact. India's merchandise exports to the US rose 22.8 per cent to $25.51 billion in the April-June quarter this financial year, while imports rose 11.68 per cent to $12.86 billion. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
