Experience from 2018-19 shows tariffs get passed on to consumers; the 2025 round may be more inflationary, leaving US consumers with higher prices and fewer choices
The US has extended the suspension of reciprocal tariffs against India until August 1, offering a temporary relief to exporters. This extension provides negotiators more time to resolve pending issues ahead of finalising an interim India-US trade agreement
The Aayog, in a working paper titled 'Promoting India-US Agricultural Trade Under the New US Trade Regime', said that India's agricultural sector needs safeguards to ensure price stability for both producers and consumers against excessive volatility in international markets
US Vice President JD Vance’s visit to India helped in removing uncertainties surrounding the new tariff regime and cleared the way for finalising a trade agreement between the two countries
The new tariffs may adversely impact India’s booming exports in various sectors, but it could still remain competitive as China, Vietnam, Taiwan and Thailand face even higher tariffs
Experts say the proposal to remove the Equalisation Levy on online advertisements is aimed at showing an accommodative stance to the US, which has threatened to introduce reciprocal tariffs from April 2
Trump discussed the US' relationship with India. Asked about his summit with Prime Minister Narendra Modi last month, Trump said he has a “very good relationship” with India
FM Sitharaman mentioned that the revenue neutral rate (RNR), which was 15.8 per cent when GST was introduced in July 2017, has now come down to 11.4 per cent in 2023 and will decrease further
