Washington, July 24 (IANS) India will face a lower 10 per cent tariff under the Trump administration’s new Section 301 enforcement action on forced labour imports after the United States concluded that New Delhi had adopted a forced labour import prohibition during the course of the investigation, placing it in a more favourable category than dozens of other trading partners.The Office of the US Trade Representative (USTR) announced on Thursday that, at President Donald Trump’s direction, it is …
Latest US Trade Representative News & Updates
Washington, July 22 (IANS) The Trump administration is using tariffs as leverage to force trading partners to open their markets, strengthen enforcement and rebuild American manufacturing, US Trade Representative Jamieson Greer told lawmakers on Wednesday, laying out what he described as a new US trade doctrine built on reciprocal agreements backed by tariff pressure. Tariffs are not simply punitive measures but also negotiating tools designed to secure better market access for businesses and wo…
Washington, July 22 (IANS) The Trump administration on Wednesday claimed its trade strategy had sharply reduced America’s economic dependence on China, with US Trade Representative Jamieson Greer telling lawmakers that the bilateral goods trade deficit had fallen to its lowest level in two decades. Testifying before the Senate Finance Committee, Greer said President Donald Trump’s tariff-driven trade policy had begun reshaping trade flows away from China while encouraging domestic manufacturing …
Washington, July 22 (IANS) The Trump administration will raise with New Delhi concerns over India’s proposed restrictions on imports of American soda ash, US Trade Representative Jamieson Greer told lawmakers on Wednesday, indicating the issue will form part of broader trade engagement between the two countries. “I have a good relationship with my counterpart in India, and we work closely with their trade ministry,” Greer told the Senate Finance Committee during a hearing on President Donald Tru…
New Delhi, July 18 (IANS) Bangladeshi government acknowledged that the country’s graduation from the United Nations’ Least Developed Country (LDC) category this year could worsen an already fragile economy, a new report has said.Due to high inflation, falling exports, and rising energy and fertiliser bills over the Middle East crisis, Bangladesh has asked for a three‑year extension to prepare for the loss of trade preferences, the report from Bangladesh-based The Daily Star said, citing a …
Washington, July 9 (IANS) The Federation of Indian Chambers of Commerce and Industry (FICCI) has urged the United States to abandon its proposed across-the-board tariff on Indian imports, arguing that a targeted, evidence-based approach would be far more effective in addressing forced labour concerns than blanket duties covering all sectors. Presenting Indian industry’s position before a US Trade Representative (USTR) Section 301 hearing on Wednesday (local time), FICCI representative Poornima S…
Washington, July 9 (IANS) India has mounted a broad defence of its legal, regulatory and corporate safeguards against forced labour, telling the US Trade Representative (USTR) that the country already has the institutions, laws and industry compliance systems needed to achieve the very objectives Washington is seeking through its proposed Section 301 tariff action. Appearing before the USTR’s public hearing on Wednesday (local time), representatives of the Ministry of Commerce and Industry, the …
Washington, July 9 (IANS) The Confederation of Indian Industry (CII) has urged the United States to address concerns over forced labour through bilateral trade mechanisms instead of imposing additional tariffs, telling a US Trade Representative (USTR) hearing that dialogue and compliance would be more effective than punitive trade measures. Presenting the Confederation of Indian Industry’s position during a Section 301 public hearing on Wednesday (local time), Shuchita Sonalika said the proposed…
London/New Delhi, June 26 (IANS) Union Commerce and Industry Minister Piyush Goyal on Friday said the India-UK Comprehensive Economic and Trade Agreement will open the floodgates for greater trade, investment and business opportunities, describing the pact as a comprehensive partnership that goes beyond conventional trade in goods and services and further strengthens India-UK ties.Speaking to reporters in London, Goyal said there was a “great deal of optimism” among businesses in both countr…
New Delhi, June 22 (IANS) India and the United States are set to intensify negotiations on the proposed bilateral trade agreement (BTA), with US Ambassador to India Sergio Gor announcing on Monday that US Trade Representative Jamieson Greer will hold multiple meetings with Union Commerce and Industry Minister Piyush Goyal here to advance the trade deal ahead of a key tariff deadline next month.”Looking forward to welcoming Ambassador Greer @USTradeRep to New Delhi! Multiple sessions scheduled wi…