Dhirendra Kumar

2 weeks ago | htsyndication.com | Gireesh Chandra Prasad |Dhirendra Kumar

New Delhi, April 5 -- New Delhi: In the immediate aftermath of the new US tariffs, India's response has been twofold: to seek new opportunities in the changing world order, and re-evaluate its manufacturing strategy.

2 weeks ago | livemint.com | Gireesh Chandra Prasad |Dhirendra Kumar

US President Donald Trump’s additional 26% tariff on Indian imports into the US hits at the protection the Union government offers to domestic products from competing imports—one of two key elements of the country’s manufacturing strategy; the other is incentives linked to production. The two elements are key to Prime Minister Narendra Modi’s vision for making India a developed nation—or Viksit Bharat—by 2047, a century since Independence.

3 weeks ago | htsyndication.com | Dhirendra Kumar |Gireesh Chandra Prasad

New Delhi, April 3 -- As US President Donald Trump unleashed his global tariff war from the White House, India found itself grappling with a new regime that stopped short of full reciprocity but still posed significant trade barriers. With Trump deciding to charge half of the tariffs a country imposes on American imports, Indian exports to the US face a 26% tariff. This is based on Trump's assertion that India levies a 52% cumulative tariff on US goods. The US is India's largest export market.

3 weeks ago | livemint.com | Dhirendra Kumar |Gireesh Chandra Prasad

Summary Trump's trade war has subjected India to a 26% tariff on exports to the US, prompting concerns over trade relations between India and its largest export destination. Ongoing negotiations for an India-US bilateral trade agreement have now become more crucial for mitigating the impact of the tariffs. This is a Mint Premium article gifted to you. Subscribe to enjoy similar stories.

3 weeks ago | livemint.com | Dhirendra Kumar |Gireesh Chandra Prasad

The US’ reciprocal tariffs plan, scheduled to be announced on 2 April (1.30 am on 3 April in India), could reshape the global trade landscape, say industry experts. India is unlikely to be spared even as New Delhi has signaled a willingness to lower tariffs on US goods to avoid Trump’s retaliatory action and maintain stable trade relations with Washington. While the US hasn’t outlined the contours of its plan, Trump has made it clear that “all countries" will face reciprocal tariffs.