President Donald Trump says the US is “pretty close” to a fair trade deal with India and will reduce tariffs “at some point.” Negotiations have progressed through five rounds, with both countries reportedly finalising the agreement’s language.
India is negotiating free trade agreements with the US, EU, and several other countries, Commerce Minister Piyush Goyal said. Talks with the US aim to double trade to $500 billion by 2030, while the India-EFTA pact takes effect on October 1
India’s economy continues to grow robustly despite US tariffs, with domestic consumption driving 68% of GDP. Corporate investments, like Apple’s $2.5 billion India expansion, signal confidence, highlighting risks that Trump’s confrontational trade stance could weaken America’s long-term strategic and economic position.
US president Donald Trump’s 25 per cent tariff on Indian imports takes effect today, citing high trade barriers and India’s ties with Russia, with smartphone exports temporarily exempt pending review.
Sri Lankan rubber exporters are urging the US to cut Trump-era tariffs to 15–20 per cent to stay competitive with Indonesia. A government delegation is in Washington negotiating relief as the current 30 per cent duty threatens USD300 million in annual exports
