Trump’s approach to trade could be disruptive without doing much for America and the world
3 months, 1 week ago

Trump’s approach to trade could be disruptive without doing much for America and the world

Live Mint  

Donald Trump will be sworn in as president of the US for a second time on 20 January 2025. India is one of the countries that Trump has threatened in case it moves ahead with using currencies other than the US dollar for its international trade. The US can reduce its aggregate trade deficit with the rest of the world only if it saves more, while China can reduce its structural trade surplus through higher domestic consumer demand. Trump also wants to protect the position of the US dollar as the global reserve currency even as he wishes to cut the size of the US trade deficit. The American economist Robert Triffin had pointed out way back in the 1950s that the US would have to maintain global liquidity by supplying dollars to the rest of the world via trade deficits, or when its payments to other countries was higher than what it earned from other countries.

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History of this topic

Trade talks conclude, India eyes tariff respite from US
Trending News
11 hours, 48 minutes ago

Trade talks conclude, India eyes tariff respite from US

Hindustan Times  

India and the US concluded their first face-to-face trade talks with “significantly positive outcomes” that may secure New Delhi some exemptions from Washington’s planned April 2 retaliatory tariff action, people close to the development said. Trade talks conclude, India eyes tariff respite from US The four-day discussions, which began on Wednesday and were extended by a day, resulted in both …

Trump eyes for major escalation in global trade war, presses advisers for tariff escalation ahead of April 2: Report
1 day, 1 hour ago

Trump eyes for major escalation in global trade war, presses advisers for tariff escalation ahead of April 2: Report

Hindustan Times  

US President Donald Trump is urging senior advisers to take a more aggressive stance on tariffs as the administration prepares for a major escalation in its global trade war, the Washington Post reported on Saturday, citing four people familiar with the matter. Trump has continued to tell his advisers that he wants to keep increasing trade measures, and in recent …

Trade talks in last lap, India pushes US for access
1 day, 12 hours ago

Trade talks in last lap, India pushes US for access

Hindustan Times  

India’s negotiators have indicated New Delhi is willing to further reduce tariffs on a host of American imports provided its action is reciprocated by Washington with preferential treatment such as exemption from the planned April 2 retaliatory tariff action, people aware of conversations between the teams of the two countries said. A good thing is that talks are on and …

Trump says tariff talks going to work out 'very well' with India, calls PM Modi 'a very smart man'
Trending News
1 day, 17 hours ago

Trump says tariff talks going to work out 'very well' with India, calls PM Modi 'a very smart man'

Firstpost  

During an interview with Breitbart News earlier this month, Trump said that he believes India would reduce tariffs on American goods, news agency Reuters reported US President Donald Trump and Indian Prime Minister Narendra Modi shake hands as they attend a joint press conference at the White House in Washington, DC, US, on February 13, 2025. Reuters US President Donald …

DC Edit | India must recalibrate its ties with transactional US
1 day, 19 hours ago

DC Edit | India must recalibrate its ties with transactional US

Deccan Chronicle  

Former US secretary of state Henry Kissinger, widely regarded as a diplomatic guru who reshaped the global order by fostering US-China relations, is said to have made two observations about his country: “America has no permanent friends or enemies, only interests”, and, “It may be dangerous to be America’s enemy, but to be America’s friend is fatal”. The US called …

On Trump tariffs, P Chidambaram suggestion to India: Reactive policy, evolve common approach
2 days, 4 hours ago

On Trump tariffs, P Chidambaram suggestion to India: Reactive policy, evolve common approach

Live Mint  

Congress leader and former Finance Minister P Chidambaram said India can't be in uncertainty as US President Donald Trump's tariff threat looms. 'I am afraid' Chidambaram said he's "afraid" that Trump is not going to group all the countries together and impose universal tariffs. 'Evolve common approach' Chidambaram said India should put its interest first, but many countries are finding …

Trump's 25% auto tariffs: Will it impact the Indian industry?
Top News
3 days, 4 hours ago

Trump's 25% auto tariffs: Will it impact the Indian industry?

Firstpost  

While India’s direct automobile export to the US is meagre compared to countries like Japan, Mexico and Canada, the secondary effects of Trump’s tariffs are expected to impact the Indian industry US President Donald Trump has once again made a tariff-related announcement, this time on automobiles, driving strong reactions from the industry. The president on Thursday said that the US …

US tariff reprieve for India, may not be treated like China, Canada, Mexico: Sources
Top News
3 days, 12 hours ago

US tariff reprieve for India, may not be treated like China, Canada, Mexico: Sources

India Today  

India may receive a reprieve from the proposed US tariffs and may not be grouped with countries like China, Mexico, and Canada, according to government sources. India’s potential exclusion from the same tariff treatment as China, Mexico, and Canada signals a recognition of its distinct trade relationship with the US. A day ago, it was reported that the government is …

India, U.S. holding very active and intense discussions on trade: Jaishankar
3 days, 13 hours ago

India, U.S. holding very active and intense discussions on trade: Jaishankar

The Hindu  

India and the U.S. are holding “very active” and “intense” discussions on trade, External Affairs Minister S. Jaishankar said on Wednesday, as the world waits with anxiety over U.S. President Donald Trump’s reciprocal tariff that will kick in on April 2. These agreements are “very serious” and they are quite advanced, he said, adding, “We’d like to wait and see …

India, US engaged in ‘very active, intense’ trade negotiations, says Jaishankar
3 days, 19 hours ago

India, US engaged in ‘very active, intense’ trade negotiations, says Jaishankar

Hindustan Times  

NEW DELHI: Jaishankar, speaking at an event organised by Asia Society, said there is a “strong business case” for a bilateral trade agreement with the US but declined to prejudge the outcome of ongoing talks India and the US are engaged in “active and intense” negotiations for a trade deal and the Trump administration has shown it is more open …

Mint Explainer: Have India-US trade talks blunted Trump’s threat of reciprocal tariffs?
4 days, 1 hour ago

Mint Explainer: Have India-US trade talks blunted Trump’s threat of reciprocal tariffs?

Live Mint  

Ahead of implementing reciprocal tariffs on major trading partners, US President Donald Trump announced another trade offensive: countries buying Venezuelan oil and gas would have to pay a 25% tariff on goods exported into the US. This was a measure to strategically demonstrate to the Trump administration India’s seriousness to address pain points in bilateral trade relations and extract concessions …

How India should respond to Trump’s reciprocal tariff threat
4 days, 2 hours ago

How India should respond to Trump’s reciprocal tariff threat

Firstpost  

India has to take some initiative in market-opening measures to maintain its long-standing relationship with the US. Despite the US being India’s major trading partner and increasing strategic convergences, India and the US have repeatedly failed to secure a comprehensive trade agreement. If Trump imposes reciprocal tariffs, India could face steep barriers to its exports and lose its competitiveness in …

India’s confidence in gaining from Trump’s trade distortions is misplaced
4 days, 3 hours ago

India’s confidence in gaining from Trump’s trade distortions is misplaced

Live Mint  

India’s policymakers should be drawing up strategies to deal with the new age of trade barriers. Perhaps the Indian government takes comfort from the promise Trump made during Prime Minister Narendra Modi’s recent visit to Washington that a new trade deal between the two countries would be signed by autumn. It is, of course, possible that the White House wants …

India and Canada work to ease tensions amid Trump’s tariff threats: Report
Trending News
4 days, 4 hours ago

India and Canada work to ease tensions amid Trump’s tariff threats: Report

Firstpost  

New Delhi and Ottawa are planning to send back their respective envoys after they were expelled last year as ties between the two countries hit rock bottom over the Khalistani issue With just a week to go before US President Donald Trump’s reciprocal tariffs kick in, India and Canada have decided to ease diplomatic tensions and work together to tackle …

India, US trade talks may go beyond tariffs
4 days, 9 hours ago

India, US trade talks may go beyond tariffs

Hindustan Times  

The US is pushing for India to reduce high tariff barriers for all American goods in one comprehensive move rather than adopting a piecemeal approach, according to people familiar with the negotiations ahead of crucial talks this week. The US team led by assistant trade representative Brendan Lynch and the Indian team led by commerce ministry’s additional secretary Rajesh Agarwal …

With Trump Tariffs On Horizon, India-US Trade Agreement Talks To Begin Tomorrow
4 days, 21 hours ago

With Trump Tariffs On Horizon, India-US Trade Agreement Talks To Begin Tomorrow

ABP News  

Senior officials of India and the US will begin three-day talks on the proposed bilateral trade agrement here on Wednesday amid threats of reciprocal tariffs from the Trump-administration, an official said. While the US has demanded greater market access in sectors like certain industrial goods, auto, wines and agriculture, India may look at duty cuts for labour intensive sectors like …

India to cut levies on more than half of US imports as Trump's reciprocal tariffs deadline nears: Report
Top News
4 days, 23 hours ago

India to cut levies on more than half of US imports as Trump's reciprocal tariffs deadline nears: Report

Firstpost  

Under a new trade deal between India and the US, New Delhi is open to reducing tariffs on 55 per cent of US goods it imports that are now subject to tariffs ranging from 5 per cent to 30 per cent U.S. President Donald Trump and Indian Prime Minister Narendra Modi shake hands as they attend a joint press conference …

India Considers Lowering Taxes On US Imports, As It Tries To Manage Impact Of Reciprocal Tariffs: Report
Trending News
5 days, 1 hour ago

India Considers Lowering Taxes On US Imports, As It Tries To Manage Impact Of Reciprocal Tariffs: Report

ABP News  

India is considering reducing tariffs on more than half of US imports, valued at $23 billion, as part of the first phase of a proposed trade deal aimed at countering the impact of upcoming US reciprocal tariffs, Reuters reported citing two official sources. According to an internal assessment by New Delhi, the new US tariffs, set to take effect on …

What Trump’s 25% tariff threat on Venezuelan oil could mean for India
5 days, 5 hours ago

What Trump’s 25% tariff threat on Venezuelan oil could mean for India

Firstpost  

US President Donald Trump has announced a 25 per cent tariff on countries purchasing Venezuelan oil, starting April 2. Trump’s 25% tariff on Venezuelan oil On Monday, Trump said the US would impose a 25 per cent tariff on all imports from any country that buys oil from Venezuela. Possible impact of Trump tariff on India Energy experts have noted …

Assistant US trade rep to arrive today for talks on tariffs
5 days, 12 hours ago

Assistant US trade rep to arrive today for talks on tariffs

Hindustan Times  

A US team led by assistant trade representative Brendan Lynch will arrive in New Delhi on Tuesday for trade discussions with Indian counterparts a little more than a week before President Donald Trump’s April 2 deadline for imposing reciprocal tariffs. Trump’s threat of imposing reciprocal tariffs from April 2 have given rise to fears of an escalating trade war around …

India open to tariff cuts on US imports worth $23 billion: Report
5 days, 12 hours ago

India open to tariff cuts on US imports worth $23 billion: Report

India Today  

The government is open to cutting tariffs on more than half of US imports worth $23 billion as part of a trade deal being negotiated between the two countries, news agency Reuters reported, citing two government sources. According to an internal analysis by India, the new US tariffs could impact 87% of Indian exports to the US, which are worth …

Donald Trump to impose sharp tariff on countries buying Venezuelan oil and gas; Is India at risk?
5 days, 19 hours ago

Donald Trump to impose sharp tariff on countries buying Venezuelan oil and gas; Is India at risk?

Hindustan Times  

US President Donald Trump announced Monday steep tariffs on imports from countries buying oil and gas from Venezuela, a punitive measure that could hit China and India, among others, and sow fresh global trade uncertainty. Trump has dubbed the date "Liberation Day" for the world's biggest economy, already promising reciprocal tariffs tailored to each trading partner in an effort to …

India to seek exemption from Trump’s reciprocal tariffs in trade talks with US
5 days, 23 hours ago

India to seek exemption from Trump’s reciprocal tariffs in trade talks with US

Firstpost  

Brendan Lynch, the assistant US trade representative for South and Central Asia will pay a five-day visit to India beginning Tuesday to discuss issues relating to trade and tariff between the two countries. The Indian government plans to request an exemption from President Donald Trump’s reciprocal tariffs during talks with US officials arriving in the country on Tuesday to discuss …

India’s trade momentum remains strong despite global challenges: Unctad
6 days, 19 hours ago

India’s trade momentum remains strong despite global challenges: Unctad

Live Mint  

New Delhi: India’s trade performance remained strong in 2024, defying global economic uncertainties, with exports growing 6.3% for the calendar year, significantly outpacing global trade growth of 3.7%, according to the latest report by the United Nations Conference on Trade and Development. India’s total exports of goods and services reached a record $817.4 billion in calendar year 2024, up from …

Trump has U.S. Indo-Pacific allies guessing on trade and security
1 week, 1 day ago

Trump has U.S. Indo-Pacific allies guessing on trade and security

NPR  

Trump has U.S. Indo-Pacific allies guessing on trade and security toggle caption Handout by South Korean Defense Ministry/Getty Images As he did with NATO members in Europe, President Trump is undermining trust with key allies on the other side of the globe. "There is a profound sense of anxiety and I think a sense of urgency countries like Japan, Australia, …

What the Centre told Rajya Sabha about Donald Trump's tariffs
1 week, 2 days ago

What the Centre told Rajya Sabha about Donald Trump's tariffs

Hindustan Times  

The Narendra Modi government on Friday said that there has been no imposition of country-specific, including reciprocal tariffs by the United States on India. US President Donald Trump said he has a “very good relationship” with India, but the “only problem” he has with the country is that it is “one of the highest tariffing nations in the world.” While …

Looming US tariffs could be bad news for India’s Big Five
1 week, 2 days ago

Looming US tariffs could be bad news for India’s Big Five

Live Mint  

There’s less than a fortnight to go before US President Donald Trump ’s 2 April deadline for imposing reciprocal taxes on imports. But throw in the flurry of news last month around the Prime Minister’s visit to the White House about how India might allow imports of Tesla’s cars at a much lower duty than the 110% it charges currently, …

'They’re one of the highest...': Trump flags 'the only problem' he has with India
1 week, 2 days ago

'They’re one of the highest...': Trump flags 'the only problem' he has with India

Firstpost  

“I have a very good relationship with India, but the only problem I have with India is they’re one of the highest tariffing nations in the world,” said Trump in an interview to American-based website President Donald Trump shakes hands with India's Prime Minister Narendra Modi in the Oval Office of the White House on February 13. File image/AP US …

I believe India will cut tariffs substantially on U.S. goods, says Trump
Trending News
1 week, 2 days ago

I believe India will cut tariffs substantially on U.S. goods, says Trump

The Hindu  

U.S. President Donald Trump has said that he believes India will lower its tariffs on American goods, even as he reiterated his threat to impose reciprocal tariffs on the country starting April 2. Asked about his summit with Prime Minister Narendra Modi last month, Mr. Trump said he has a “very good relationship” with India. probably going to be lowering …

How Trump is driving Asia to diversify away from U.S.
1 week, 3 days ago

How Trump is driving Asia to diversify away from U.S.

The Hindu  

President Donald Trump's tariffs and other policies have some financiers and officials in Asia predicting the remaking of the post-World War II economic order, leading to an urgent quest to diversify away from America. In response to questions about this view, Kush Desai, a White House spokesperson, pointed to U.S. investment promises by companies like Taiwanese chipmaker TSMC and Dubai …

Will India lower levies before US rolls out reciprocal tariffs on April 2? Trump says ‘I believe…’ – Firstpost
1 week, 3 days ago

Will India lower levies before US rolls out reciprocal tariffs on April 2? Trump says ‘I believe…’ – Firstpost

Firstpost  

In a White House press conference with Prime Minister Narendra Modi last month, Trump had described India as a “tariff king” and a “big abuser” while discussing trade barriers, emphasizing the difficulties of selling to the country US President Donald Trump and Indian Prime Minister Narendra Modi shake hands as they attend a joint press conference at the White House …

Tariff-proofing India’s exports
1 week, 3 days ago

Tariff-proofing India’s exports

Hindustan Times  

The tariff turmoil from the United States is emerging as the biggest ‘known unknown’ for the global economy in 2025. Indian economy For some time now, the relative stability of the World Trade Organization -refereed trade regime has cultivated a wide-spread complacency with global trade ballooning nearly five times since the creation of WTO. The long entrenchment in stable global …

Donald Trump expects India to cut tariffs on US products, but ‘will charge them same tariffs from April 2’
1 week, 3 days 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 …

Trump Believes India May Lower Tariffs On US, But Reiterates April 2 Deadline
1 week, 3 days ago

Trump Believes India May Lower Tariffs On US, But Reiterates April 2 Deadline

ABP News  

US President Donald Trump said on Wednesday that he believes India will likely lower the tariffs imposed on American goods, but reiterated the April 2 deadline. President Trump has repeatedly emphasised the April 2 deadline ever since he announced retaliatory tariffs against several countries imposing high duties on American imports, including India. The development comes just days after Trump made …

Trump thinks India may cut tariffs, but keeps reciprocal duties threat alive
1 week, 3 days ago

Trump thinks India may cut tariffs, but keeps reciprocal duties threat alive

India Today  

US President Donald Trump on Thursday reiterated his confidence that India will lower the trade tariffs it imposes on American goods, adding that his administration will impose the same charges on New Delhi, starting April 2. Speaking to Breitbart News, the President said that he has a "very good relationship" with India but that New Delhi has too many high …

EAM Jaishankar on tariffs, sanctions: ‘Like it or not, they are a reality’
1 week, 4 days ago

EAM Jaishankar on tariffs, sanctions: ‘Like it or not, they are a reality’

The Hindu  

External Affairs Minister S. Jaishankar highlighted the reality of there being increased use of tariffs and sanctions by various countries to protect one’s economic interests, and that developing International relations has “eroded” the lines which divide the different domains across countries. It could be financial flows, it could be energy supplies, it could be technology,” EAM Jaishankar said, as he …

​High base effect: On a shrinking trade deficit, rising exports
Trending News
1 week, 4 days ago

​High base effect: On a shrinking trade deficit, rising exports

The Hindu  

India’s goods trade in February saw its steepest decline in nearly two years. While a shrinking trade deficit driven by rising exports would have been a positive development, the simultaneous decline in exports and imports is a cause for concern. The looming threat of reciprocal tariffs has unsettled Indian exporters, as the U.S. is India’s second-largest trading partner, accounting for …

Explained: How India can shield itself from Donald Trump's tariff storm
1 week, 5 days ago

Explained: How India can shield itself from Donald Trump's tariff storm

India Today  

A second term for Donald Trump as US President was always expected to shake up the global order, but few anticipated the trade war drums would start beating this soon. "Given that President Donald Trump has been using higher reciprocal policy as an instrument of state policy, shielding India from incessant trade wars in this increasingly VUCA world is uneasy," …

Mint Primer: How will Trump’s next obsession, a weaker dollar, play out?
1 week, 5 days ago

Mint Primer: How will Trump’s next obsession, a weaker dollar, play out?

Live Mint  

What makes the US dollar so strong? The depth in US capital markets, the country’s commitment to rule of law and independent regulatory environment have ensured that risk of a sovereign default is very low, and this has made the dollar a safe bet for investors. In mid-January, the Bloomberg Dollar Index touched a multi-year peak of 109.96 as the …

India’s exports may face 3-3.5% hit from US tariffs, but trade diversification may cushion impact: SBI Research
Trending News
1 week, 5 days 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 …

Trump’s tariff threat’s impact on India’s agriculture trade
Trending News
1 week, 5 days ago

Trump’s tariff threat’s impact on India’s agriculture trade

Hindustan Times  

The recent proposal by United States President Donald Trump to impose reciprocal tariffs is aimed at addressing the increasing US trade deficit and aligns with the broader America First policy. India imposes significantly higher tariffs than the US, particularly in agriculture where it imposes a simple average tariff of 39% and a trade-weighted tariff of 65%, compared to the US’s …

India to gain in an uncertain world of tariffs, says SBI report
1 week, 6 days 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 …

Will Trump's reciprocal tariffs hit India hard? Here's all you need to know
1 week, 6 days ago

Will Trump's reciprocal tariffs hit India hard? Here's all you need to know

India Today  

The US is set to impose reciprocal tariffs from April 2, which means some Indian exports are set to face higher import duties. According to the report, US tariffs mayonly lead to a 3-3.5% decline in exports, and India’s growing exports in manufacturing and services will negate the impact of reciprocal tariffs. SBI Research pointed out that India has diversified …

Why Trump’s trade war with China is bad news for Indian chemical exporters
2 weeks ago

Why Trump’s trade war with China is bad news for Indian chemical exporters

Live Mint  

Repercussions of US President Donald Trump’s tariffs on China will likely be felt not just in several domestic sectors but also in key export destinations for Indian companies as Chinese firms turn to less-taxing geographies. This is because the US tariffs could force Chinese chemicals companies to flood other markets with cheaper products, depressing global prices and causing stiff competition …

Trump, trade and tariffs | A time for something grand and big
2 weeks ago

Trump, trade and tariffs | A time for something grand and big

India Today  

Donald Trump has been in office for just over a month, but has already sent shock waves across the realms of geopolitics and world trade. At the India Today Conclave, Lutnick participated live from Washington D.C. and took questions on a range of issues ranging from reciprocal tariffs, America’s bilateral relations with India and China, arms supply to India, the …

Trade, tariff, traffic & Trump | Choppy trade waters
2 weeks ago

Trade, tariff, traffic & Trump | Choppy trade waters

India Today  

With the sword of reciprocal tariffs hanging over its head, India lost no time in trying to seal a trade deal with the United States that aims to increase bilateral trade from $200 billion at present to $500 billion by the turn of the decade. But neither that deal nor India’s decision to lower tariffs on some US imports like …

Raghuram Rajan: Who says the dollar is an exorbitant burden for America?
2 weeks ago

Raghuram Rajan: Who says the dollar is an exorbitant burden for America?

Live Mint  

A prominent economist once told me that macroeconomic policy debates are all about the prime mover, to which other variables respond. Foreigners want ever more US Treasuries for their foreign-exchange reserves and for financial transactions, and the US has had to run large fiscal deficits to meet this exorbitant demand. While foreigners have been buying US financial assets for a …

Week Ahead: US Fed Policy, FII flow, Trump tariffs, global cues among key triggers for Indian stock market
2 weeks ago

Week Ahead: US Fed Policy, FII flow, Trump tariffs, global cues among key triggers for Indian stock market

Live Mint  

The Indian stock market resumed its downward trajectory, displaying a consolidation tone over mixed global cues in the holiday-shortened week after a brief recovery earlier this month. US Federal Reserve's monetary policy decision, Donald Trump's tariff announcements, foreign fund outflow, domestic and global macroeconomic data, and global market cues will dictate the market direction in the next five days. “The …

How Trump’s tariffs can be opportunity in crisis for India
Trending News
2 weeks, 1 day ago

How Trump’s tariffs can be opportunity in crisis for India

Firstpost  

While Trump’s tariffs aren’t designed to help India, they may inadvertently provide the external catalyst needed for India’s economic transformation. India’s Historical Inward Focus India has a robust domestic market, which accounts for approximately 60 per cent of its GDP. The result was a 10-18 per cent cost disability in assembly and manufacturing compared to Southeast Asian rivals, leaving India’s …

How Trump’s tariffs can be opportunity in crisis for India
2 weeks, 1 day ago

How Trump’s tariffs can be opportunity in crisis for India

Firstpost  

While Trump’s tariffs aren’t designed to help India, they may inadvertently provide the external catalyst needed for India’s economic transformation. India’s Historical Inward Focus India has a robust domestic market, which accounts for approximately 60 per cent of its GDP. The result was a 10-18 per cent cost disability in assembly and manufacturing compared to Southeast Asian rivals, leaving India’s …

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