44 influential lawmakers urge Trump administration to reinstate GSP for India
5 years, 3 months ago

44 influential lawmakers urge Trump administration to reinstate GSP for India

India TV News  

A group of 44 influential lawmakers has urged the administration under US President Donald Trump to reinstate India's designation as a beneficiary developing nation under the key GSP trade programme as part of a potential trade deal between the two countries. "Companies are telling Congress about the American costs - both in dollars and jobs - of lost GSP eligibility for India," said Dan Anthony, executive director of the Coalition for GSP on Tuesday. "The letter shows Congress' strong, bipartisan support for swift action to reinstate GSP for India and to help constituents that depend on two-way trade," he said. Just as US industries are harmed by lack of fair and reciprocal access to India's market, American companies and workers also are harmed by new tariffs due to GSP termination, the lawmakers wrote.

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History of this topic

We have to wait and watch to see how it pans out: Official on Trump’s tariff threat
3 weeks, 6 days ago

We have to wait and watch to see how it pans out: Official on Trump’s tariff threat

Live Mint  

New Delhi, Imposing reciprocal duties violates global trade rules but one has to follow a "wait and wait" approach to US President-elect Donald Trump's remarks on imposing reciprocal tariffs, a senior official said on Wednesday. US President-elect Donald Trump has said that India charges a lot of tariffs, reiterating his intention to impose reciprocal tariffs in retaliation for what New …

Trump’s policies may open new doors for India’s defence sector: Report
Trending News
1 month, 3 weeks ago

Trump’s policies may open new doors for India’s defence sector: Report

Live Mint  

New Delhi, November 25 : The "America First" trade policy promoted by upcoming U.S. President Donald Trump has far-reaching implications for global trade and geopolitics. It said "Indian businesses in sectors such as pharmaceuticals and defense might also find new opportunities, especially if U.S.- India collaboration strengthens. The report said "increased tariffs might prompt retaliatory measures from trade partners, potentially …

India-US trade after Trump returns:Much to fret about but scope for optimism too
2 months, 1 week ago

India-US trade after Trump returns:Much to fret about but scope for optimism too

Live Mint  

The much-awaited US election results on Wednesday showed that Donald Trump will be returning to the White House in early 2025. For India, a positive trade balance with the US is important, as it is among the country’s top three trade partners. First, the ‘Make in India’ campaign of Prime Minister Narendra Modi, despite its similarity with ideas like Trump’s …

Trump’s win will affect the global economy
Trending News
2 months, 1 week ago

Trump’s win will affect the global economy

The Hindu  

The return of Donald Trump as President of the world’s largest economy accounting for more than a quarter of the global GDP could mean a multiplicity of shifts, some of them detrimental, for several key economies, including India. It would mean a return to escalating trade wars; a continuation of economic protectionism; jettisoning multilateralism; and imposing restrictions on immigration into …

India Gears Up for Trump 2.0
2 months, 1 week ago

India Gears Up for Trump 2.0

Deccan Chronicle  

New Delhi: As New Delhi waits for a new Trump administration to take charge in Washington in January, it is getting ready to tackle some potential friction points with the United States, which includes immigration issues, stringent H-1B visa norms, trade protectionism and tariffs. It added India's trade surplus with the US may also attract scrutiny and the new government …

Trump's Focus on India: Trade, Defense, and Geopolitics in the Balance
2 months, 1 week ago

Trump's Focus on India: Trade, Defense, and Geopolitics in the Balance

Hindustan Times  

US presidential election 2024: Donald Trump emphasizes strengthening ties between the US and India. Trump emphasizes economic and trade policies, defence and security cooperation, and immigration policies during his visit to India. He also addresses the issue of exiled Bangladeshi Prime Minister Sheikh Hasina seeking refuge in India.

Piyush Goel promises 'big' things to come in India-US trade, takes up delay in business visas
2 years ago

Piyush Goel promises 'big' things to come in India-US trade, takes up delay in business visas

India Today  

Union Commerce and Industry Minister Piyush Goyal, on Wednesday, ruled out talks of a mini-trade deal or a free trade agreement with the Joe Biden government and said that the two countries are “thinking big.” He also noted that revoking of the Generalized System of Preferences is not a priority for the Indian government, reported PTI. The top official said …

Boosting trade, the key to stronger Indo-US ties
2 years ago

Boosting trade, the key to stronger Indo-US ties

Hindustan Times  

In a speech delivered at Microsoft in New Delhi in November, United States treasury secretary Janet Yellen called for a deepening of US-India ties and emphasised the importance of “friendshoring” between the world’s two largest democracies. Bilateral trade hit a record $157 billion in two-way goods and services trade in 2021, and the US is now the top destination for …

US to consider restoring GSP concessions to India
3 years, 1 month ago

US to consider restoring GSP concessions to India

Hindustan Times  

The US-India Trade Policy Forum on Tuesday resumed dialogue after four years where the US said it will consider India’s request for restoring the Generalised System of Preferences that the Trump administration had withdrawn in 2019, affecting Indian exports worth over $6.3 billion, officials said. At the 12th ministerial-level meeting of TPF, co-chaired by commerce minister Piyush Goyal and US …

Breaking the ice: The Hindu Editorial on India-U.S. trade ties
3 years, 1 month ago

Breaking the ice: The Hindu Editorial on India-U.S. trade ties

The Hindu  

On her maiden visit to Asia, U.S. Trade Representative Katherine Tai held bilateral meetings with Commerce and Industry Minister Piyush Goyal and relaunched the U.S.-India Trade Policy Forum. Instead of progress, there were setbacks, including raised import tariffs and the withdrawal of benefits to Indian exporters under the U.S.’s Generalized System of Preferences which triggered retaliatory trade barbs. India’s pharma …

India urges US to restore duty-free export benefits
3 years, 1 month ago

India urges US to restore duty-free export benefits

Live Mint  

India on Tuesday publicly urged the US to restore duty-free export benefits under the Generalised System of Preferences even as both countries agreed to allow market access for mangoes and pomegranates arils from India and cherries and alfalfa hay from the US. In a joint statement after the Trade Policy Forum meeting co-chaired by India’s trade minister Piyush Goyal and …

U.S. mulling over restoring GSP status for India: Lighthizer
4 years, 6 months ago

U.S. mulling over restoring GSP status for India: Lighthizer

The Hindu  

The United States is mulling over restoring India’s beneficiary status under its trade preference programme Generalised System of Preferences on receiving a counterbalancing proposal from New Delhi, a top Trump administration official told lawmakers on Thursday. “We’re in negotiations with India, we took away their GSP, and we’re in the process of restoring it if we can get an adequate …

No trade deal in offing between India and US during Donald Trump's visit, but a commitment to FTA likely
4 years, 10 months ago

No trade deal in offing between India and US during Donald Trump's visit, but a commitment to FTA likely

Firstpost  

India and the US have been negotiating a trade pact for over a year now and sources say that United Stated Trade Representative Robert Lighthizer and commerce minister Piyush Goyal have developed a good understanding. After weeks of speculation, it is now clear that no trade deal would be signed during US president Donald Trump’s first visit to India next …

India protectionist, but US negotiating limited trade deal: Wilbur Ross
5 years, 3 months ago

India protectionist, but US negotiating limited trade deal: Wilbur Ross

Live Mint  

India is among the world's most protectionist countries but the United States is trying to negotiate a limited trade deal with the South Asian nation to resolve their differences, U.S. Secretary of Commerce Wilbur Ross said on Thursday. Ross said the United States does not believe India is eligible for the GSP, but the terms were being renegotiated and a …

Trade talks stall as US raises bar on market access in India
5 years, 3 months ago

Trade talks stall as US raises bar on market access in India

Live Mint  

Geneva: Trade talks between India and the US on Tuesday broke down for the time being after Washington made asymmetrical demands for market access in India, while refusing to restore benefits accorded to Indian exporters under the Generalized System of Preferences, analysts said. The US raised the bar very high for market access in India, covering a whole lot of …

Will have trade deal very soon, says US President Donald Trump at bilateral meet with PM Modi in New York
5 years, 3 months ago

Will have trade deal very soon, says US President Donald Trump at bilateral meet with PM Modi in New York

India Today  

United States President Donald Trump, at the bilateral meet with Prime Minister Narendra Modi, in New York on Tuesday said that the US will have a trade deal with India in the near future. We'll have the larger deal down the road a little bit, but we will have a trade deal very soon," US President said at the bilateral …

After 'Howdy Modi' in Houston, PM, Donald Trump likely to sign trade deal with aim to lower tariffs on American produce, restore GSP status for New Delhi
5 years, 3 months ago

After 'Howdy Modi' in Houston, PM, Donald Trump likely to sign trade deal with aim to lower tariffs on American produce, restore GSP status for New Delhi

Firstpost  

US and India are racing to negotiate a limited trade deal that US president Donald Trump and Prime Minister Narendra Modi can sign at the UNGA in New York at the end of September, people familiar with the talks said. Washington/New Delhi: The United States and India are racing to negotiate a limited trade deal that US president Donald Trump …

US restoring India's GSP status hope high during Modi visit
5 years, 3 months ago

US restoring India's GSP status hope high during Modi visit

India TV News  

Speculation is high that US could consider reinstating India's designation as a beneficiary developing nation under the key GSP trade programme as part of a potential trade deal between the two countries and both the countries will announce a trade package during Prime Minister Narendra Modi's visit. Recently Foreign Secretary Vijay Gokhale said it was up to America to take …

44 lawmakers urge U.S. govt to reinstate GSP for India
5 years, 3 months ago

44 lawmakers urge U.S. govt to reinstate GSP for India

The Hindu  

A bipartisan group of 44 influential lawmakers has urged the Trump administration to reinstate India’s designation as a beneficiary developing nation under the key GSP trade programme as part of a potential trade deal between the two countries. “Companies are telling Congress about the American costs — both in dollars and jobs — of lost GSP eligibility for India,” said …

44 lawmakers urge Donald Trump admin to reinstate GSP for India
5 years, 3 months ago

44 lawmakers urge Donald Trump admin to reinstate GSP for India

India Today  

A bipartisan group of 44 influential lawmakers has urged the Trump administration to reinstate India's designation as a beneficiary developing nation under the key GSP trade programme as part of a potential trade deal between the two countries. "Companies are telling Congress about the American costs - both in dollars and jobs - of lost GSP eligibility for India," said …

US lawmakers urge Donald Trump administration to restore India's trade privileges
5 years, 3 months ago

US lawmakers urge Donald Trump administration to restore India's trade privileges

India Today  

Forty-four members of the US Congress have urged President Donald Trump's trade representative to restore trade concessions to India, saying the withdrawal of the privilege had led to retaliatory tariffs from New Delhi which were hurting U.S. industry. In the letter addressed to United State Trade Representative Robert Lighthizer and dated Sept. 17, the members of Congress said: "Just as …

Trump tariff-hit US firms keen to relocate to India from China
5 years, 4 months ago

Trump tariff-hit US firms keen to relocate to India from China

India TV News  

About 200 US companies have expressed interest in coming from China to India, according to Mukesh Aghi, the president of US-India Strategic Partnership Forum. The organisation, which promotes bilateral business and trade relations between the two countries, has received enquiries from those companies about how to invest in India and they have a potential for bringing $21 billion in investments …

US to seek rollback of Indian tariffs on agri products; trade delegation to re-start negotiations today
5 years, 6 months ago

US to seek rollback of Indian tariffs on agri products; trade delegation to re-start negotiations today

Firstpost  

India would in return seek better access to the US market for Indian farm products, said an Indian official New Delhi: The United States will seek rollback of Indian tariffs imposed on some agricultural products such as almonds when the two sides meet today, a senior Indian government source told Reuters. A delegation led by Assistant US Trade Representative for …

India-US trade talks to restart today with little sign of compromise; Donald Trump's tweets again saying tariffs were 'unacceptable'
5 years, 6 months ago

India-US trade talks to restart today with little sign of compromise; Donald Trump's tweets again saying tariffs were 'unacceptable'

Firstpost  

Indian and US trade negotiators will meet on Friday, with little sign of a compromise on a series of protectionist measures taken by the two governments in recent months that have strained ties between the strategic partners New Delhi: Indian and US trade negotiators will meet on Friday, with little sign of a compromise on a series of protectionist measures …

US trade delegation visiting India next week to resolve sticky trade issues; Piyush Goyal to travel to Washington soon
5 years, 6 months ago

US trade delegation visiting India next week to resolve sticky trade issues; Piyush Goyal to travel to Washington soon

Firstpost  

A high-level trade delegation from the US is expected to visit India next week to find ways to resolve the recent trade tensions between the two countries, official sources said Thursday New Delhi: A high-level trade delegation from the US is expected to visit India next week to find ways to resolve the recent trade tensions between the two countries, …

Trump administration's policies are cause for friction in US-India ties, coherent strategy needed, says top US lawmaker to Mike Pompeo
5 years, 6 months ago

Trump administration's policies are cause for friction in US-India ties, coherent strategy needed, says top US lawmaker to Mike Pompeo

Firstpost  

Before, Secretary of State Mike Pompeo’s visit to New Delhi, a top US lawmaker asked him to convey to the Indian government a ‘predictable, coherent and consistent’ strategy t0 help the bilateral relationship reach its full potential. Washington: On the eve of Secretary of State Mike Pompeo’s visit to New Delhi, a top US lawmaker has asked him to convey …

Gloves off on trade: on India-U.S. tariff row
5 years, 6 months ago

Gloves off on trade: on India-U.S. tariff row

The Hindu  

The government’s decision to finally go ahead and impose retaliatory tariffs on 29 U.S. goods with effect from June 16, almost a year after it first announced them, unambiguously signals that on trade India has decided to join issue with President Donald Trump’s protectionist administration. Mr. Trump chose to go ahead and proclaim on May 31 that he was terminating …

India might impose retaliatory import tariffs on 29 US items
5 years, 7 months ago

India might impose retaliatory import tariffs on 29 US items

India TV News  

India might finally go ahead to impose retaliatory import tariffs against some US goods, sources said on Friday. According to sources, the long overdue retaliatory move, which was first proposed last year, will consist of tariffs on 29 US items and this can come in effect from as soon as next week. Speculations are that the 29 items imported from …

India to levy retaliatory tariffs on 29 US products
5 years, 7 months ago

India to levy retaliatory tariffs on 29 US products

Hindustan Times  

In what could potentially aggravate trade tensions between India and the US, New Delhi has decided to impose long-pending retaliatory tariffs on 29 US products. India’s move comes ahead of a meeting between US President Donald Trump and Prime Minister Narendra Modi on the sidelines of a G20 summit on June 28-29 in Osaka, Japan. The trade ministry’s move, which …

India finally retaliates in tariffs tit-for-tat with US
5 years, 7 months ago

India finally retaliates in tariffs tit-for-tat with US

Live Mint  

In what could potentially aggravate trade tensions between India and the US, New Delhi has decided to impose long-pending retaliatory tariffs on 29 US products. India’s move comes ahead of a meeting between US President Donald Trump and Prime Minister Narendra Modi on the sidelines of the G20 summit on 28-29 June in Osaka, Japan. The trade ministry’s move, which …

US open to discussion with India on GSP programme, says Mike Pompeo
5 years, 7 months ago

US open to discussion with India on GSP programme, says Mike Pompeo

Live Mint  

The US could discuss its decision to withdraw duty-free benefits to Indian exporters under the generalized system of preferences scheme, secretary of state Mike Pompeo said on Wednesday. And we’ll probably discuss the recent decision on the GSP programme,” Pompeo said at the India Ideas Summit of the US-India Business Council in Washington. Pompeo also borrowed a line from Prime …

Mike Pompeo to push in India for more US access to local markets, says America is open to dialogue to resolve trade differences
5 years, 7 months ago

Mike Pompeo to push in India for more US access to local markets, says America is open to dialogue to resolve trade differences

Firstpost  

Pompeo’s remarks at the US-India Business Council refer to a decision by US President Donald Trump to end preferential trade treatment for India from 5 June over the trade barriers. Washington: The United States is open to dialogue to resolve trade differences with India by allowing American companies more access to Indian markets, US Secretary of State Mike Pompeo said …

India's foreign policy for next 5 years: New Delhi should convey to US in no uncertain terms how importance of better ties hinges on favourable trade policies
5 years, 7 months ago

India's foreign policy for next 5 years: New Delhi should convey to US in no uncertain terms how importance of better ties hinges on favourable trade policies

Firstpost  

There has been a growing realisation in Washington’s policy circles that closer ties with India can make the US stronger once again in Asia where China has begun to flex its military muscles Editor’s note: Prime Minister Narendra Modi’s tour of the Maldives was his first international visit after having taken oath for the second time. There has been a …

US GSP withdrawal: New markets, subsidy to help India contain trade deficit
5 years, 7 months ago

US GSP withdrawal: New markets, subsidy to help India contain trade deficit

India TV News  

New export markets, financial support and lower crude oil prices are likely to offset the impact on trade deficit caused by US ending preferential treatment to various goods supplied from India. "The withdrawal of GSP benefits to exports will have a one-time impact which will be reflected in the overall trade deficit," Sunil Kumar Sinha, Director, Public Finance and Principal …

Opinion: Trump’s trade threat to India demands cool heads
5 years, 7 months ago

Opinion: Trump’s trade threat to India demands cool heads

Live Mint  

President Donald Trump just piled another problem on to the already-full slate of Indian Prime Minister Narendra Modi. By removing zero-duty access for $6.3 billion of Indian goods, the U.S. leader threatens growth at a time when India’s economy can least afford it. With the domestic auto industry in a tailspin, losing duty-free access to the U.S. could lead to …

India plays down Donald Trump's decision to end preferential trade access, says will continue to seek ‘strong’ economic ties with US
5 years, 7 months ago

India plays down Donald Trump's decision to end preferential trade access, says will continue to seek ‘strong’ economic ties with US

Firstpost  

The Centre said on Saturday it will continue to seek to build strong economic ties with the United States despite a decision by US president Donald Trump to end preferential trade treatment for India from 5 June. New Delhi: The Centre said on Saturday it will continue to seek to build strong economic ties with the United States despite a …

US to end India's preferential trade access on 5 June; Trump says Delhi didn't assure Washington 'equitable access' to its markets
5 years, 7 months ago

US to end India's preferential trade access on 5 June; Trump says Delhi didn't assure Washington 'equitable access' to its markets

Firstpost  

The United States will end preferential trade treatment for India from Wednesday, US President Donald Trump has announced, in a fresh economic headwind for New Delhi alongside slowing growth and record unemployment. Washington: The United States will end preferential trade treatment for India from Wednesday, US President Donald Trump has announced, in a fresh economic headwind for New Delhi alongside …

'Unfortunate': India on US decision to end its preferential trade status
5 years, 7 months ago

'Unfortunate': India on US decision to end its preferential trade status

India TV News  

The Ministry of Commerce on Saturday said the decision by United States President Donald Trump to end India's designation as a beneficiary developing nation under a key preferential trade programme was unfortunate. Trump ended India's designation after determining it had not assured the US that it would provide "equitable and reasonable access to its markets." Accordingly, it is appropriate to …

Donald Trump terminates India’s preferential trade status under GSP programme
5 years, 7 months ago

Donald Trump terminates India’s preferential trade status under GSP programme

Live Mint  

Washington: President Donald Trump has terminated India's designation as a beneficiary developing nation under the key GSP trade programme after determining that it has not assured the US that it will provide "equitable and reasonable access" to its markets. Accordingly, it is appropriate to terminate India's designation as a beneficiary developing country effective June 5, 2019," Donald Trump said in …

U.S. President Donald Trump ends concessions for Indian exports under GSP
5 years, 7 months ago

U.S. President Donald Trump ends concessions for Indian exports under GSP

The Hindu  

A day after a group of journalists was told that India’s access to preferential trade terms under the U.S.’s Generalized System of Preferences was on its way out, U.S. President Donald Trump issued a proclamation ending the trade benefits effective June 5. Mr. Trump had notified the U.S. Congress on March 4 of his intention to end benefits for India …

Trump administration removes India special trade status
5 years, 7 months ago

Trump administration removes India special trade status

CNN  

Washington CNN — The Trump administration announced Friday that it’s ending special trade treatment for India, removing a status that exempts billions of dollars of the country’s products from US tariffs. “I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets,” President Donald Trump said in a proclamation …

US terminates preferential trade programme with India: Donald Trump
5 years, 7 months ago

US terminates preferential trade programme with India: Donald Trump

India Today  

President Donald Trump on Saturday terminated the United States preferential trade programme with India. With this, the United States has ended India's designation as the beneficiary developing country under the key GSP trade programme. Donald Trump in March had announced his intention to remove India from the decades-old Generalized System of Preferences program over what the United States said was …

US says end of preferential trade status for India a ’done deal’
5 years, 7 months ago

US says end of preferential trade status for India a ’done deal’

Live Mint  

Washington: A US decision to evict India from a key trade pact is a "done deal," an official said Thursday, despite Washington's desire for close relations with re-elected Prime Minister Narendra Modi. A senior US official voiced hope for warm relations with Modi after he led his Hindu nationalist party to an overwhelming re-election victory but said that the March …

India to lose preferential trade terms with U.S. under Generalized System of Preferences programme
5 years, 7 months ago

India to lose preferential trade terms with U.S. under Generalized System of Preferences programme

The Hindu  

India will lose access to preferential trade terms with the U.S. under the latter’s Generalized System of Preferences programme, a Senior State Department official told reporters in Washington DC on Thursday. The official, who did not want to be named, said the restoration of benefits remained a possibility if underlying trade issues were resolved, but the withdrawal of India’s GSP …

US suspension of trade programme with India a done deal: US official
5 years, 7 months ago

US suspension of trade programme with India a done deal: US official

India Today  

The suspension of a U.S. trade preference programme with India is a "done deal," a senior State Department official said on Thursday as Prime Minister Narendra Modi began his second term. President Donald Trump announced in March he would end India's access to the decades-old Generalized System of Preferences trade programme over what the U.S. said was lack of access …

Donald Trump terminates Turkey's GSP beneficiary designation
5 years, 7 months ago

Donald Trump terminates Turkey's GSP beneficiary designation

India TV News  

US President Donald Trump in a proclamation Thursday terminated the designation of Turkey as a beneficiary nation under its Generalized System of Preferences while the suspense on India continued. On March 4, President Trump announced that the US intends to terminate India's designation as a beneficiary developing country under the GSP programme. Trump, in the proclamation issued Thursday, said he …

Government again extends retaliatory import tariff deadline on 29 US products till 16 May
5 years, 8 months ago

Government again extends retaliatory import tariff deadline on 29 US products till 16 May

Firstpost  

New Delhi: The government has again extended its deadline to impose retaliatory import duties on 29 US products, including almond, walnut and pulses, till 16 May. These deadlines were extended several times since June 2018, when India decided to impose these duties in retaliation to a move by the US to impose high customs duties on certain steel and aluminium …

As US delays withdrawing GSP benefits, India postpones retaliatory tariffs
5 years, 8 months ago

As US delays withdrawing GSP benefits, India postpones retaliatory tariffs

Live Mint  

New Delhi: India on Thursday further delayed implementation of its June 2018 order to impose retaliatory tariffs on 29 US products by 14 days till 16 May as it awaits a final word from the US on its decision to withdraw duty-free benefits to Indian exporters. The US also announced in April last year to review the eligibility criteria of …

Why is GSP vital to India-U.S. trade ties?
5 years, 10 months ago

Why is GSP vital to India-U.S. trade ties?

The Hindu  

What is the programme? According to the website of the U.S. Trade Representative, the GSP helps spur sustainable development in beneficiary countries by helping them increase and diversify their trade with the U.S. The other benefit is that “GSP boosts American competitiveness by reducing the costs of imported inputs used by U.S. companies to manufacture goods in the United States.” …

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