Monday, March 17, 2025

Creating liberating content

The email was fake, but the money was real. Hindustan

European stocks are expected to start the new trading week

Related News

US President Donald Trump announced that he will talk to Russian President Vladimir Putin on Tuesday, expressing hope that they may have “something to announce” regarding the US-brokered ceasefire proposal

Delhi Capitals bowler Mohit Sharma during a media event ahead of IPL 2025. India and Delhi Capitals player Mohit Sharma shared his thoughts on BCCI’s new policy regarding family members

The email was fake, but the money was real. Hindustan Aeronautics Limited or HAL lost $63,000 or Rs 55 lakh to cyber fraud. HAL Kanpur’s Additional General Manager, Ashok Kumar

European stocks are expected to start the new trading week in positive territory, although investors will be looking to see if global market volatility continues. The U.K.’s FTSE 100 index

Former CSK and India captain, MS Dhoni (TOI Photo) MS Dhoni has shared his thoughts about a controversial incident from IPL 2019 where he entered the field to dispute with

A Surfers Paradise Hilton hotel with over 400 guests was evacuated early Friday morning after two fires erupted, ABC News reported. According to a spokesperson for the Queensland Fire Department,

Trending News

Top stocks to buy (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting March 17, 2025) are HPCL and

MUMBAI: IndusInd Bank may have overstated its net interest income in preceding quarters, research reports by brokerage houses said. As a result, the lender will take a significant hit in

NEW DELHI: India has achieved self-sufficiency in solar module manufacturing. But the feat has rendered domestic producers of polysilicon, wafers and ingots – the building blocks for modules – vulnerable

New Delhi: India and New Zealand decided to relaunch negotiations for a free trade agreement on Saturday after a gap of 10 years, a move aimed at deepening economic ties

Mumbai: A host of global and domestic factors are expected to weigh on investors’ sentiment when Dalal Street opens for trading on Monday. The escalating global tariff war between the

NEW DELHI: India’s foreign exchange reserves recorded their sharpest weekly gain in more than three years in the week ending 7 March. The exchange surged $15.27 billion to reach $653.97

India begins homework for proposed trade deal with US

Word Count: 629 | Estimated Reading Time: 4 minutes


India begins homework for proposed trade deal with US

NEW DELHI: As govt begins its homework for the proposed trade deal with the US, it has indicated its willingness to engage in tariff reduction with Trump administration on a bilateral basis, arguing that with an “aggressive neighbourhood” in China duties cannot be lowered significantly for all trading partners, while hoping to get a good deal on services, as well as visas for businesses and professionals.
Amid repeated statements by US president Donald Trump on India’s “high tariffs”, sources asserted India’s average tariffs of around 17% (which has further come down) is well within its commitment at WTO to keep customs duty at around 50%.
Although the commerce department has started consultations with other govt ministries and departments, it is awaiting the Trump trade team to be in place and keeping a close watch on how the issue of reciprocal tariff plays out in the coming days and dismissed reports and estimates – including by leading global banks – as “speculation”.

-

Besides, officials from the commerce and revenue departments are also expected to assess the level of tariffs at the overall level and at the micro level as they formulate the negotiating strategy.
While govt has already lowered tariffs for bourbon whisky and bikes, a move that favours the iconic Harley Davidson, the US has pocketed the gains and is exerting pressure for further cuts. Officials are, however, keeping the cards close to the chest, fearing that the negotiating strategy would become public.
Besides, the final negotiating position will depend on how US proceeds with reciprocal tariffs, given that it is unclear whether it would be country-specific or goods-specific and if other parameters, such as non-tariff barriers, are brought into the picture. In any case, the assessment by the US commerce department is expected to be followed by an investigation, according to some accounts.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account