Washington, Feb 2 (IANS) US President Donald Trump spoke with Prime Minister Narendra Modi on Monday, a day before External Affairs Minister (EAM), S. Jaishankar, begins a visit to the United States of America. “President Trump just spoke with Prime Minister Modi,” US Ambassador to India Sergio Gor said in a social media post. “STAY TUNED,” he added, without giving further details.The brief announcement triggered interest across India and the US, where the relationship draws close attention in d…
Latest Trade Deal News & Updates
Washington, Jan 30 (IANS) Industry Minister Kim Jung-kwan said that he and US Commerce Secretary Howard Lutnick concluded the first day of their talks over renewed tariff tension between the two countries without an agreement but they agreed to meet again the next day.Kim and Lutnick held the meeting in Washington, three days after Trump threatened to increase reciprocal tariffs and auto, lumber and pharmaceutical duties on South Korea to 25 per cent from 15 per cent, citing a delay in Seoul’s l…
New Delhi, Jan 27 (IANS) India is expected to gradually increase its market share from 5 per cent to 8-9 per cent in the EU’s ready-made garment (RMG) imports, unlocking an incremental annual export opportunity of nearly $4-4.5 billion over the medium term, a report showed on Tuesday.The European Union (EU) is the world’s largest RMG market, with imports of nearly $84 billion (excluding trade among EU countries) in 2024, according to the report by CareEdge Ratings.India currently exports $4….
New Delhi, Jan 27 (IANS) European Commission President Ursula von der Leyen announced on Tuesday the successful conclusion of the India-EU free trade agreement, referring to the pact “as the mother of all deals”.“Europe and India are making history today. We have concluded the mother of all deals. We have created a free trade zone of two billion people, with both sides set to benefit,” the EC President wrote on X.“This is only the beginning. We will grow our strategic relationship to b…
New Delhi, Jan 27 (IANS) Prime Minister Narendra Modi is set to host the 16th European Union-India Summit in the national capital on Tuesday with President of the European Commission, Ursula von der Leyen, and visiting President of the European Council, Antonio Costa, to announce the ‘mother of all trade deals’.According to Commerce Secretary Rajesh Agrawal, India and the EU have concluded negotiations on the much-awaited Free Trade Agreement (FTA) and the announcement of the conclusion of t…
Davos, Jan 20 (IANS) European Commission President Ursula von der Leyen said on Tuesday that the European Union (EU) is set to finalise a “historic” free trade agreement (FTA) with India.Addressing the World Economic Forum (WEF) here, she describing the upcoming trade pact as historic.“There is still work to do. But we are on the cusp of a historic trade agreement,” she told the gathering, adding that the pact could create a market of nearly two billion people.Von der Leyen is set to vis…
New Delhi, Jan 6 (IANS) A BRICS with India at the helm is more equipped to deal with the complexities of charting out a new trade order than a more dominant and assertive China from the point of view of an antagonistic US, observed an article on the website of Russia’s international news television network.“India’s major task is to steer the economic and political mandate of a bloc of such gigantic proportions. It should, at the same time, hope to balance the geopolitical complexities of d…
Washington, Jan 5 (IANS) US President Donald Trump on Monday said the US has taken in, and will soon receive, more than $600 billion through tariffs, arguing that the policy has strengthened the country financially and bolstered national security. The President also accused the country’s media of downplaying the issue ahead of a key Supreme Court decision.In a post on his Truth Social platform, Trump said: “We have taken in, and will soon be receiving, more than 600 Billion Dollars in Tariff…