Textile and apparel exporters suggest reduction in tariff with the U.S.
Trending News
1 week, 5 days ago

Textile and apparel exporters suggest reduction in tariff with the U.S.

The Hindu  

Most textile and apparel export associations have suggested to the government to go in for reduction of tariff or zero-for-zero trade agreement with the U.S. The Apparel Export Promotion Council said the tariff levied by the U.S. on textiles and apparel ranges from 2% to 32%. According to the Confederation of Indian Textile Industry, the U.S. is the single largest export destination for Indian textile and apparel sector, contributing to 28.5% of the total T&A exports between January and November last year. India’s exports to the U.S. are dominated by apparel and home textiles, accounting for 81.5% of total shipments. With reduced tariffs, India’s T&A exports to the U.S. could surge to $16 billion within the next three years, the CITI said.

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History of this topic

Donald Trump expects India to cut tariffs on US products, but ‘will charge them same tariffs from April 2’
18 hours, 35 minutes ago

Donald Trump expects India to cut tariffs on US products, but ‘will charge them same tariffs from April 2’

Hindustan Times  

US President Donald Trump, in an interview with Breitbart News on Wednesday, said he believes India would reduce tariffs on American goods, news agency Reuters reported. During Prime Minister Narendra Modi's visit to Washington last month, India and the U.S. pledged to more than double their bilateral trade to USD 500 billion by 2030. India, US commit to doubling two-way …

India’s exports may face 3-3.5% hit from US tariffs, but trade diversification may cushion impact: SBI Research
Trending News
3 days, 9 hours ago

India’s exports may face 3-3.5% hit from US tariffs, but trade diversification may cushion impact: SBI Research

Live Mint  

New Delhi: India’s exports to the US could decline by 3-3.5% if Washington implements reciprocal tariffs next month, but this may be offset by ambitious targets in manufacturing and services, along with efforts to diversify exports, SBI Research said in a report on Monday. New Delhi also must boost value addition, tap new markets, and establish alternative trade routes from …

India to gain in an uncertain world of tariffs, says SBI report
3 days, 14 hours ago

India to gain in an uncertain world of tariffs, says SBI report

The Hindu  

As tariff action by U.S. President Donald Trump looms large, the State Bank of India in a special report said that India however would stand to gain in an increasingly uncertain world of tariffs. Long trends indicate a possible downturn in U.S. economy GDP growth along with a slowdown in U.S. exports and consumption,” SBI said in the report. “We …

India, US working on removing trade barriers: MoS
Trending News
1 week, 1 day ago

India, US working on removing trade barriers: MoS

Hindustan Times  

India and the US will focus on increasing market access for each other, reducing tariff and non-tariff barriers, and enhancing supply chain integration, minister of state for commerce Jitin Prasada told the Lok Sabha on Tuesday after an Indian ministerial delegation concluded the week-long America visit, as the two sides work on a Bilateral Trade Agreement which they hope to …

On US reciprocal tariffs on India, Centre's updates in Parliament
1 week, 2 days ago

On US reciprocal tariffs on India, Centre's updates in Parliament

Hindustan Times  

The Centre on Tuesday informed Parliament that as of date, the United States has not imposed reciprocal tariffs on India. The clarification comes days after US President Donald Trump criticised the high tariffs charged by India and other countries, terming them as “very unfair” and announced reciprocal tariffs from April 2 on nations that impose levies on American goods. In …

Mint Primer: Can a ‘zero-for-zero’ approach thwart reciprocal tariffs?
1 week, 3 days ago

Mint Primer: Can a ‘zero-for-zero’ approach thwart reciprocal tariffs?

Live Mint  

A ‘zero-for-zero’ tariff approach is being touted as the best way for India to deal with US President Donald Trump’s proposed reciprocal tariffs. Any bilateral trade agreement will take time to be negotiated, and it is unlikely to thwart the reciprocal tariffs that the US government has threatened to levy. Global Trade Research Initiative, a think tank that mooted the …

India, US to increase market access, reduce tariff, non-tariff barriers: Centre tells Parliament
1 week, 3 days ago

India, US to increase market access, reduce tariff, non-tariff barriers: Centre tells Parliament

New Indian Express  

NEW DELHI: India and the US are planning to negotiate a trade agreement and both countries will focus on increasing market access, reducing import duty and non-tariff barriers, and enhancing supply chain integration, Parliament was informed on Tuesday. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said that as of date, …

Indian IT firms need to invest in more US-based services to avoid tariffs: industry experts
1 week, 3 days ago

Indian IT firms need to invest in more US-based services to avoid tariffs: industry experts

New Indian Express  

BENGALURU: With concerns growing about the effects of US President Donald Trump's proposed tariffs, experts say the IT services industry is not an exception as the US is always a major destination, and that they need to invest in more US-based services in order to avoid tariffs. According to them, significant tariffs placed on services could significantly disrupt the IT …

India, US to focus on increasing market access, reducing tariff, non-tariff barriers: Centre tells Parliament
Trending News
1 week, 3 days ago

India, US to focus on increasing market access, reducing tariff, non-tariff barriers: Centre tells Parliament

New Indian Express  

NEW DELHI: India and the US are planning to negotiate a trade agreement and both countries will focus on increasing market access, reducing import duty and non-tariff barriers, and enhancing supply chain integration, Parliament was informed on Tuesday. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said that as of date, …

India’s US tariff cut down not an ‘extraordinary step’, similar deals done with THESE countries
1 week, 4 days ago

India’s US tariff cut down not an ‘extraordinary step’, similar deals done with THESE countries

Live Mint  

India agreeing to cut its tariffs is not an “extraordinary step", a government source told News 18 on Saturday. 'India agreed to cut tariffs way down' US President Donald Trump said in Saturday that India has agreed to cut its tariffs “way down” as he reiterated his claim that the country charges America massive tariffs that make it difficult to …

Textiles sector eyes zero tariffs in India-US trade
1 week, 6 days ago

Textiles sector eyes zero tariffs in India-US trade

Live Mint  

New Delhi: Zero for zero is the buzzword in India’s textile and apparel industry as sector leaders urged the government to push for nil tariffs either way for trade between India and the US. According to Prabhu Dhamodharan, convenor of the Indian Texpreneurs Federation, India's current 5.9% share in US apparel imports could increase to 10% if zero-duty access is …

India Eyes $6B Export Boost with US Trade Deal
1 week, 6 days ago

India Eyes $6B Export Boost with US Trade Deal

Deccan Chronicle  

Chennai: The textile industry hopes that a zero-for-zero trade agreement with the US will increase exports by $6 billion in three years. The US contributed to 28.5 per cent of India’s total textile and apparel exports between January and November 2024. However, the recent trade tensions saw US firms partially moving away from China and this has benefited Vietnam and …

In charts: What reciprocal tariff threat could mean for Indian goods
Top News
1 week, 6 days ago

In charts: What reciprocal tariff threat could mean for Indian goods

Live Mint  

US President Donald Trump has been relentless in his pursuit of a tariff overhaul ever since assuming office in January. India, along with other emerging Asian economies like Thailand and China, has much higher tariff rates on the US, making them more vulnerable to reciprocal tariffs. If the US imposes reciprocal tariffs, India’s exports to the country could drop by …

India-U.S. trade: Small exporters seek import duty cuts to counter U.S. steel, aluminium tariffs
2 weeks ago

India-U.S. trade: Small exporters seek import duty cuts to counter U.S. steel, aluminium tariffs

The Hindu  

India's small engineering goods exporters have urged the government to cut import tariffs on some U.S. goods to try and achieve more favourable trade terms as President Donald Trump prepares to implement new steel and aluminium duties, the head of an industry body said. "Of India's $20 billion annual engineering goods exports, nearly $7.5 billion worth of shipments could be …

India's small exporters seek import duty cuts to counter US steel, aluminium tariffs
2 weeks, 1 day ago

India's small exporters seek import duty cuts to counter US steel, aluminium tariffs

Hindustan Times  

* India's small exporters seek import duty cuts to counter US steel, aluminium tariffs India's engineering to be hit by US tariffs, says trade body * Exporters ask government to cut tariffs on certain US imports * US 25% tariffs on steel, aluminium effective March 12 By Manoj Kumar NEW DELHI, - India's small engineering goods exporters have urged the …

US may push India for zero tariffs on nearly all goods: Report
2 weeks, 1 day ago

US may push India for zero tariffs on nearly all goods: Report

India Today  

The US has reportedly asked India to remove tariffs on nearly all goods except agricultural products, according to a CNBC-TV18 report on March 6. The development comes as US President Donald Trump keeps criticising India over what he calls ‘unfair’ trade practices. During Prime Minister Narendra Modi’s visit to the White House last month, Trump specifically pointed out India's high …

US seeking zero tariffs on car imports in India ahead of Tesla's entry into the country: Report
Top News
2 weeks, 1 day ago

US seeking zero tariffs on car imports in India ahead of Tesla's entry into the country: Report

Hindustan Times  

The United States wants India to eliminate tariffs on car imports under a proposed trade deal between the two nations, but New Delhi is reluctant to immediately bring down such duties to zero even as it considers further cuts, sources told Reuters. Tesla Model 3 India's high auto tariffs will feature in formal talks for a bilateral trade deal that …

Sanjeev Ahluwalia | Trump’s DOGE and hidden costs of ‘reciprocal tariffs’
3 weeks ago

Sanjeev Ahluwalia | Trump’s DOGE and hidden costs of ‘reciprocal tariffs’

Deccan Chronicle  

It is a measure of the randomness of the policy changes in the United States that the left hand no longer knows what the right is doing, or more appropriately, neither of its two right hands know what the other is up to. The problem is that even as Mr Musk sculpts the US government to shed generational lard, the …

The way to counter reciprocal tariffs
3 weeks, 2 days ago

The way to counter reciprocal tariffs

New Indian Express  

Indian manufacturing, already in a vulnerable position, is likely to be severely affected by US President Donald Trump’s reciprocal tariffs. With the US being India’s largest export partner, Trump’s reciprocal tariffs will likely have far-reaching consequences. The US administration’s plans to impose tariffs on steel, aluminium, pharmaceuticals, textiles and certain electronics will significantly challenge Indian exports to America. With the …

‘India, U.S. in talks to mitigate impact of reciprocal tariffs’
3 weeks, 2 days ago

‘India, U.S. in talks to mitigate impact of reciprocal tariffs’

The Hindu  

India can mitigate the impact of higher U.S. tariffs through talks and by providing greater market access to U.S. farm products and increasing energy purchases, Moody’s said on Tuesday. To mitigate pressure from reciprocal tariffs, the U.S. and India are reportedly now in talks for India to lower import tariffs on select U.S. products, increase market access for U.S. farm …

Donald Trump’s Reciprocal Tariffs: How will it alter India-US trade basket? Decoding the impact
Trending News
3 weeks, 6 days ago

Donald Trump’s Reciprocal Tariffs: How will it alter India-US trade basket? Decoding the impact

Live Mint  

Trade relations between the US and India are in focus after US President Donald Trump plans to impose reciprocal tariffs on trading partners. Goods exported from India to US Amount Engineering goods $3.07 billion Electronic goods $ 2.11 billion Gems and Jewellery $ 1.83 billion Drugs and Pharmaceuticals $ 1.68 billion RMG cotton including accessories $ 862 million What India …

Farm exports to US face 4.9 per cent additional duty if Trump levies reciprocal levies
1 month ago

Farm exports to US face 4.9 per cent additional duty if Trump levies reciprocal levies

New Indian Express  

MUMBAI: Indian farm exports may soon face higher tariffs in the United States under a new Reciprocal Tariff Plan announced on February 13. Currently, US goods entering India face a weighted average tariff of 7.7%, while Indian exports to the US are charged only 2.8%, creating a 4.9% difference. At present, Indian farm products exported to the US face a …

Mint Explainer: Will tariff reductions and a trade treaty with the US harm India?
1 month ago

Mint Explainer: Will tariff reductions and a trade treaty with the US harm India?

Live Mint  

India and the United States agreed to negotiate the first tranche of a mutually beneficial multi-sector bilateral trade agreement by late September after president Donald Trump threatened to impose reciprocal tariffs on goods from India and several other countries. The reciprocal tariffs, if and when imposed, will also hurt many developing countries including India, as it will make their goods …

India will have GDP loss of 50 bps if US applies 20 pc reciprocal tariffs: SBI
1 month ago

India will have GDP loss of 50 bps if US applies 20 pc reciprocal tariffs: SBI

Live Mint  

New Delhi, February 18 : In a simulated scenario assessing the potential economic impact of a 20 per cent flat tariff on Indian exports to the United States, the State Bank of India report predicts a loss of 50 basis points to India's GDP. SBI said, "Simulated impact of 20 per cent flat tariff on Indian exports to result in …

India seeks mutual tariff reductions from US amid trade tensions
1 month ago

India seeks mutual tariff reductions from US amid trade tensions

Live Mint  

New Delhi wants any tariff reduction in trade negotiations with the US to be reciprocal, which would create a more favourable environment for businesses and drive bilateral trade growth. India sees the announcement of a bilateral trade agreement with the US as a crucial step toward resolving trade tensions from US President Donald Trump’s call to eliminate trade disparities with …

India will continue to cut import duties, says FM
Trending News
1 month ago

India will continue to cut import duties, says FM

Deccan Chronicle  

Mumbai: The government is working on building India as an investor-friendly country, and the rationalization of tariffs is part of this continuing process, said finance minister Nirmala Sitharaman on Monday at a post-Budget press conference in Mumbai. On a question on the potential impact of imported inflation due to global tariff wars, Sitharaman said that the Reserve Bank of India …

US tariffs likely to have minimal impact on Indian exports, says SBI report
1 month ago

US tariffs likely to have minimal impact on Indian exports, says SBI report

Hindustan Times  

The Impact of US tariffs on Indian exports may be minimal, according to an article by news agency ANI which cited a report by State Bank of India. US President Donald Trump speaks in the Oval Office of the White House in Washington, DC The report estimates India's exports to decline only by around 3-3.5% even if the US imposes …

Trump’s reciprocal tariffs: Time for India to rethink its trade policy
Trending News
1 month ago

Trump’s reciprocal tariffs: Time for India to rethink its trade policy

Live Mint  

President Donald Trump of the US is tearing apart the multilateral trading system with his self-confessed love of tariffs, which he seems to imagine would yield huge extra revenues extracted from trade partners. If reciprocal tariffs are levied, India stands to benefit from lower US levies on many items whose exports matter to our economy, especially small and medium enterprises …

India cuts import duty on bourbon whisky to 100% amid Trump's 'reciprocal' tariff threats
Top News
1 month ago

India cuts import duty on bourbon whisky to 100% amid Trump's 'reciprocal' tariff threats

Firstpost  

India has reduced tariffs on bourbon whisky from 150 per cent to 100 per cent, a move that comes amid US President Donald Trump’s criticism of “unfair” trade practices. India has slashed tariffs on bourbon whisky from 150 per cent to 100 per cent. The development follows Prime Minister Narendra Modi’s bilateral meeting with US President Donald Trump amid his …

India prepares data proof to shield against Trump’s reciprocal tariffs
1 month ago

India prepares data proof to shield against Trump’s reciprocal tariffs

Live Mint  

New Delhi: Even as India and the US agreed to boost bilateral trade to $500 billion by 2030 and work towards a trade deal that will reduce duties and improve market access, the issue of reciprocal tariffs hangs in balance. “Most US products do not attract high tariffs in India, as the country has kept duties relatively low on key …

US to Go Ahead With Reciprocal Tariffs and Lower Trade Deficit With India
Top News
1 month ago

US to Go Ahead With Reciprocal Tariffs and Lower Trade Deficit With India

Deccan Chronicle  

Chennai: While criticising India as a country with “unfair and strong tariffs’, US President Donald Trump reiterated that the country will impose reciprocal tariffs on countries having high import duties. After his meeting with Prime Minister Narendra Modi, Trump announced that the countries will grow the bilateral trade to $500 billion by 2030 and India will increase defence as well …

Tariffs to be focus of PM Modi's US trip
1 month, 1 week ago

Tariffs to be focus of PM Modi's US trip

China Daily  

By APARAJIT CHAKRABORTY in New Delhi and XU WEIWEI in Hong Kong | China Daily | Updated: 2025-02-12 10:07 Indian Prime Minister Narendra Modi begins a two-day visit to the United States on Wednesday, with reports suggesting that he has lined up some tariff concessions as he meets US President Donald Trump in Washington and tries to avert a potential …

India May Cut Tariffs on 30 Items: Nomura
1 month, 1 week ago

India May Cut Tariffs on 30 Items: Nomura

Deccan Chronicle  

Chennai: India is likely to cut tariffs on 30 items imported from the US to prevent a trade war. As India sits across the negotiating table with the US, it is likely to cut duties on 30 product lines, including luxury vehicles, electronics, textile and motorcycles. It is also proactively considering reducing tariffs on over 30 items, including luxury vehicles, …

India eyes opportunities as US tariffs target China, Canada and Mexico
1 month, 2 weeks ago

India eyes opportunities as US tariffs target China, Canada and Mexico

Firstpost  

The tariffs would affect exports from China, Canada, and Mexico to the US as they would push prices of their goods in the American market, making them less competitive The imposition of customs duties by the US on imports from China, Canada, and Mexico provides huge export opportunities for India to America, exporters say. The tariffs would affect exports from …

India eyes opportunities as US tariffs target China, Canada and Mexico
1 month, 2 weeks ago

India eyes opportunities as US tariffs target China, Canada and Mexico

Firstpost  

The tariffs would affect exports from China, Canada, and Mexico to the US as they would push prices of their goods in the American market, making them less competitive Representational image The imposition of customs duties by the US on imports from China, Canada, and Mexico provides huge export opportunities for India to America, exporters say. The tariffs would affect …

Amidst Trump’s tariff war, India slashes peak tariffs from 150% to 70%, to ‘correct bad optics’
1 month, 2 weeks ago

Amidst Trump’s tariff war, India slashes peak tariffs from 150% to 70%, to ‘correct bad optics’

The Hindu  

The latest round of import tariff revisions announced in the Budget have done away with the peak rates of 150%, 125%, and 100% which applied to just five items, but had created “bad optics” about India’s tariff structure, top officials told The Hindu. Such high tariffs have led to criticism of the sort levelled by U.S. President Donald Trump, who …

As Trump starts trade war, India lowers tariffs to facilitate US exports
1 month, 2 weeks ago

As Trump starts trade war, India lowers tariffs to facilitate US exports

Deccan Chronicle  

Chennai: While the US President imposed tariffs on Canada, China and Mexico, India lowered the duties on products that benefit American exports. On India’s Budget day, the US imposed a 25 per cent tariff on imports from Canada and Mexico, a 10 per cent tariff on energy products from Canada, and an additional 10 per cent tariff on China. India …

Tiruppur garment units call for measures to control imports
2 months, 2 weeks ago

Tiruppur garment units call for measures to control imports

The Hindu  

The garment industry related industrial associations in Tiruppur have urged all the textile and garment industrial associations in the country to suggest to their members to stop importing goods from Bangladesh. The Central government should protect the domestic fabric and garment manufacturers and exporters by imposing countervailing duties or anti-dumping duty on import of fabrics and garments from Bangladesh. The …

Textiles exports a silver lining as India’s trade deficit widens
2 months, 3 weeks ago

Textiles exports a silver lining as India’s trade deficit widens

Live Mint  

New Delhi: India’s textiles sector has emerged as a beacon of resilience and growth, recording an impressive 36.65% increase over the last four years, although industry stakeholders aren't much enthused by the resurgence. Rising from $17.05 billion in FY21 to $23.30 billion in the last eight months of the current fiscal year, this growth underscores the sector’s ability to adapt …

‘Full-scale tariff war with US will shave 0.3% off India's GDP next fiscal’
3 months ago

‘Full-scale tariff war with US will shave 0.3% off India's GDP next fiscal’

New Indian Express  

MUMBAI: The incoming US president Donald Trump’s tariff war warnings, if implemented at the threatened level, will shave 0.3 percent off our GDP next fiscal but will have no impact if the import duty hikes are partial, says a leading domestic brokerage. Trump has been criticising New Delhi’s tariff regime for long, pointing to 100 percent tariffs on certain American …

Is imposing tariffs on Chinese imports a good idea? | Explained
4 months ago

Is imposing tariffs on Chinese imports a good idea? | Explained

The Hindu  

The story so far: Donald Trump, the President-elect of the U.S., has promised to impose tariffs of up to 60% on Chinese imports to correct the huge trade deficit the U.S. has with China and also as a punitive measure to make China reduce the subsidisation of its domestic production, which make Chinese goods cheaper and attractive to American consumers …

Trump's tariffs will worry India, but wait, there’s more
4 months ago

Trump's tariffs will worry India, but wait, there’s more

Live Mint  

The return of Donald Trump to the US presidency has raised fears worldwide of a trade war. This resulted in a trade war with several countries, including China and India, which imposed retaliatory tariffs on US goods. Besides an increase in average tariffs on Indian imports, the number of tariff lines subject to tariffs of 25% or more rose from …

Textiles, auto components and telecom vulnerable to tariff war
4 months ago

Textiles, auto components and telecom vulnerable to tariff war

Deccan Chronicle  

Chennai: US, being the largest market for India, probable tariff hikes under the Trump presidency can impact shipments of certain segments, including textiles, chemicals, metal products, and telecom products. Any adverse policy action around tariffs or taxes could affect India's competitiveness against countries like Bangladesh and Vietnam. Any rise in duties could impact the Indian export volumes substantially, which may …

India bets on Modi-Trump warmth to navigate choppy future with US
Trending News
4 months, 1 week ago

India bets on Modi-Trump warmth to navigate choppy future with US

Al Jazeera  

New Delhi, India — During his campaign for re-election, Donald Trump repeatedly threatened major tariffs on imports from a range of countries. Now, Trump’s “America First” agenda — which aims to offset domestic tax cuts by imposing higher tariffs on imports — could disrupt that relationship. “During the first term, Trump got into this whole ‘protectionist mode’, but upon his …

Competing in the Global Apparel Arena: How India Can Rise Above the Textile Tide
4 months, 2 weeks ago

Competing in the Global Apparel Arena: How India Can Rise Above the Textile Tide

Hindustan Times  

India's textile and apparel sector holds significant potential to create more and better employment, especially from the labour-intensive apparel segment. However, the sector faces important challenges in adapting to global market demands. It requires both the government and private sector to play their part. The government could help by rationalising domestic taxation and reducing import tariffs along the entire supply …

Apparel manufacturers hold meeting in New Delhi, discuss measures to increase exports to $40 billion by 2030
10 months, 1 week ago

Apparel manufacturers hold meeting in New Delhi, discuss measures to increase exports to $40 billion by 2030

The Hindu  

The Apparel Export Promotion Council held a meeting in New Delhi recently with buying agencies and liaison officers of overseas brands, to discuss efforts to increase Indian garment exports to USD 40 billion by 2030. Free trade agreements signed by India with Mauritius and Australia are paying dividends, as readymade garment exports to these countries in April - February of …

Apparel exports may see mild recovery this year: ICRA
11 months, 2 weeks ago

Apparel exports may see mild recovery this year: ICRA

The Hindu  

After a sharp drop in 2023-24, India’s apparel exports may see a muted recovery this year as the U.S. and EU retailers are expected to restock inventories, ratings agency ICRA said in a research note. “ICRA expects the apparel-exporting companies to report a recovery in 2024-25 on a lower base, with replenishment of stock in the U.S. and the EU …

India must rationalize its import duty regime
1 year, 2 months ago

India must rationalize its import duty regime

Live Mint  

Indian policymakers are expected to fix inverted import duties for sectors like textiles, leather and engineering goods, so that inputs are not charged at a higher rate than ready-to-use products. Hence, an inverted duty regime tends to work against ‘Make in India.’ In any case, for Indian factories to participate more in global value chains, we must rationalize our tariff …

U.S. welcomes India's move of reducing tariffs on agricultural products
1 year, 6 months ago

U.S. welcomes India's move of reducing tariffs on agricultural products

The Hindu  

The United States has welcomed the recent Indian move to reduce tariffs on several American agricultural products. Last week, India agreed to reduce tariffs on certain U.S. products, including frozen turkey, frozen duck, fresh blueberries and cranberries, frozen blueberries and cranberries, dried blueberries and cranberries, as well as processed blueberries and cranberries. These tariff cuts will expand economic opportunities for …

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