India offers to cut tariff on import of US farm products
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India is considering a proposal to scrap import tax on U.S. liquefied natural gas (LNG) to boost purchases and help cut the trade surplus with Washington, a key irritant for President Donald Trump, fo...
Reuters |
New Delhi has promised to step up energy purchases from the United States to $25 billion in the near future from $15 billion last year.
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India-US trade talks will work out well, PM Modi a 'very smart man and a great friend': Donald Trump
US President Donald Trump said Narendra Modi is a "great prime minister" and a "good friend". "India is one of the highest tariffing nations in the world... They're very smart. He (PM Modi) is a very smart man and a great friend of mine,
A US delegation led by Assistant US Trade Representative Brendan Lynch is in New Delhi for talks on a bilateral trade agreement (BTA) that started on Wednesday.
US President Donald Trump has described Prime Minister Narendra Modi as a "very smart man" and a "great friend of mine" while emphasising that tariff talks would "work out very well between India and our country".
Trump had earlier said that India was a very high-tariff nation and reiterated that reciprocal tariffs on countries that impose levies on American goods would kick in on April 2.
US President Donald Trump expressed optimism about India-US trade talks, describing PM Modi as 'a very smart man and a great friend'. India is considering reducing tariffs on US farm imports like almonds and cranberries.
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NEW DELHI (Reuters) - Trade talks with the United States are "progressing well", Indian Trade Minister Piyush Goyal said on Thursday, with days to go before President Donald Trump's proposed reciprocal tariffs are due to come into effect.
India and US officials are in early-stage negotiations over a proposed bilateral trade agreement. The talks aim to boost trade to $500 billion by 2030. The discussions involve reciprocal tariffs and duty concessions in various sectors.
India has emerged as a growing player in the illicit fentanyl trade, a new US intelligence report says, a designation likely to raise alarm in New Delhi as President Donald Trump wields tariffs on countries he accuses of not doing enough to stop the deadly drug from flowing into the United States.