Articles

  • 1 month ago | rediff.com | Shreya Nandi

    Govt nudges industry stakeholders to raise imports from WashingtonIndia is exploring strategies to reduce its over $40 billion trade surplus with the US – a key concern for the Donald Trump administration — to fast-track the proposed bilateral trade deal. According to a source familiar with the matter, the Indian government is encouraging industry stakeholders, including exporters and importers, to evaluate opportunities for increasing imports from the US.

  • 1 month ago | rediff.com | Shreya Nandi

    India’s trade deficit with China neared $100 billion in FY25, amid escalating concerns of dumping, data released by the commerce department on Wednesday showed. Chinese imports rose by 11.5 per cent to $113.45 billion, while outbound shipments to the neighbouring country saw 14.5 per cent contraction to $14.2 billion. As a result, the trade deficit with China widened to $99.2 billion in FY25 from $85 billion a year ago.

  • 1 month ago | rediff.com | Shreya Nandi

    A government official said India and the US are exploring an interim trade deal within 90 days. IMAGE: Union Commerce and Industry Minister Piyush Goyal. Commerce and Industry Minister Piyush Goyal on Friday indicated that the government was not inclined to show undue haste to conclude a trade deal with the US as it never negotiates at gunpoint. "I have said it many times before that we do not negotiate at gunpoint.

  • 1 month ago | rediff.com | Shreya Nandi

    With US President Donald Trump “temporarily suspending” country-specific reciprocal tariffs until July 9, India sees the three-month window as an opportunity to renew its push for a proposed bilateral trade agreement (BTA) with the US and expedite finalisation of the first tranche of the trade deal. “The 90-day pause on the 26 per cent reciprocal tariff (imposed by the US on Indian imports) gives us the window to expedite the trade deal discussions that began last month.

  • 2 months ago | rediff.com | Shreya Nandi |Subrata Panda |Ajinkya Kawale |Sanjeeb Mukherjee

    The US Trade Representative noted that India's average applied tariff rate stood at 17% per cent, the highest of any major world economy. Kindly note the image has been posted only for representational purposes. IMAGE: A truck passes shipping containers stacked at the container terminal at Cochin Port on Willingdon Island in Kerala.

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Shreya Nandi
Shreya Nandi @shreyanandi15
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