April 2, 2025 5:57 pm
Full News

India’s Trade Minister Piyush Goyal Heads to US for Urgent Trade Talks Amid Looming Trump Tariffs

India’s Trade Minister Piyush Goyal embarked on a sudden trip to the United States on March 3 to engage in crucial trade talks, according to two government officials. The visit comes just weeks before President Donald Trump’s planned reciprocal tariffs are set to take effect.

Goyal, who also serves as the Minister for Industry, canceled previously scheduled meetings until March 8 to make the trip. The Trade Ministry has not yet responded to requests for comment.

During Prime Minister Narendra Modi’s visit to the US in February, both nations agreed to work on the first segment of a trade deal by the fall of 2025, with the goal of achieving bilateral trade worth $500 billion by 2030.

Trump’s proposal to impose reciprocal tariffs from early April on trading partners, including India, has raised concerns among Indian exporters in sectors such as autos and agriculture. Citi Research analysts estimate potential losses at around $7 billion annually.

During his visit, Goyal will seek clarity on the US reciprocal tariffs to assess their impact on India. He may also discuss potential Indian concessions and a trade deal aimed at reducing tariffs and boosting bilateral trade.

India is open to discussing tariff cuts on industrial products, including automobiles and chemicals, but is resisting pressure to lower tariffs on agricultural products, citing the potential impact on millions of poor farmers. To ease trade tensions, India has already reduced tariffs on several items, such as high-end motorcycles and bourbon whiskey, while promising to review other tariffs, increase energy imports, and purchase more defense equipment.

India’s merchandise trade with the US, its largest trading partner, has increased by about 8% year-on-year to over $106 billion in the ten months through January, with India maintaining a trade surplus.

Analysts warn that chemicals, metal products, and jewelry, followed by automobiles, pharmaceuticals, and food products, are the most vulnerable sectors to potential US reciprocal tariffs. If the US expands these tariffs to a broader range of farm products, India’s agricultural and food exports, including shrimp and dairy, could be among the hardest hit, according to a report by the Global Trade Research Initiative, a Delhi-based think tank.

Related News
Germany Faces Economic Crisis, GDP Declines for Three Consecutive Years
Europe Shifts Focus on Ukraine Security Amid Political and Logistical Challenges
Renewed Clashes in Syria: Rebel Forces Target Aleppo in Fiercest Offensive in Years
19-Year-Old Jakub Defeats Djokovic, Delaying His 100th Career Title
Mexico at a Crossroads: Shifting Views on Migration Amid U.S. Deportation Push
Trump Seeks Supreme Court Pause on TikTok Ban
Related Posts
Bangladesh’s suicidal decision to buy Pakistani Junk fighter jets – United People will stop it
Myanmar Junta Announces Ceasefire
Taiwan Sends Warships in Response to China’s Military Drills
Repeated Attacks on US Warship in the Red Sea
Pakistan’s President Asif Ali Zardari Hospitalized
Is Yunus supporting India? Is crusade against India over?
More News

China Intensifies Economic Stabilization Efforts with New Policy Measures in 2025

In a move to counter economic headwinds, China has been deploying a series of strategic policy adjustments since September, aimed at stabilizing its economic indicators. This process has entered a more aggressive phase with the onset of 2025, as the government introduces a comprehensive suite of measures designed to instill market confidence and spur sustainable […]

Trump Confident About Election Outcome, Complains About Slow Results

After casting his ballot, former President Donald Trump told reporters he is “very confident” he will win the election and predicted that the results “won’t even be close,” though he expressed frustration over how long it may take to call the outcome. “I feel very confident,” Trump said. “I’m hearing we’re doing really well everywhere.” […]

Musk and Ambani Join Forces: Reliance Jio Partners with SpaceX to Launch Starlink in India

In a surprising turn of events, Mukesh Ambani’s Reliance Jio has signed a deal with Elon Musk’s SpaceX to introduce Starlink satellite internet services to India. This partnership comes after months of contention between the two billionaires over spectrum allocation for satellite internet. As part of the agreement, Reliance Jio, India’s largest telecom operator, will […]

Severe Soldier Shortage in the German Army

The German government aims to expand its military forces, yet the Bundeswehr is facing a severe soldier shortage. A recent report reveals that many positions in the army remain vacant. According to the report, by the end of 2024, 28% of lower-ranking positions in the German military were unfilled. Even during annual promotions, around 20% […]

Applying for a Green Card in the US Will no Longer Require a COVID-19 Vaccine Certificate

Those who apply for a green card (permanent resident document) in the United States will no longer have to show proof or certificate of the corona vaccine. This was announced by the new administration of President Donald Trump. USCIS, the U.S. Citizenship and Immigration Services (USCIS), said it waived the requirement for applicants seeking legal […]

Zelensky Must Mend Ties with Trump: NATO

The global community is abuzz with discussions following the unprecedented verbal exchange between U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky. U.S. Secretary of State Marco Rubio has already called for Zelensky to apologize. Now, NATO has weighed in on the matter. The military alliance’s Secretary-General, Mark Rutte, emphasized that Zelensky must find a […]

How Indian Citizens Are Getting Involved In Russia-Ukraine War, Losing Their Lives

New cases of harassment for jobs abroad are adding to the irony of India’s central Narendra Modi government. After the start of the Ukraine war, the government’s new thoughts on the fate of Indian nationals seeking jobs in Russia. Because, despite many searches, the government has not yet found any trace of the 16 Indian […]

Exploring the Transformative Power of Yoga: A Path to Enhanced Mental and Physical Health

Yoga, the ancient practice with origins tracing back over 2,000 years in India, has transcended its traditional boundaries to become a globally embraced method for enhancing well-being. Notably, yoga’s potential extends beyond physical health, touching profound aspects of mental wellness, with recent studies suggesting its efficacy in increasing grey matter and altering brain networks. This […]

“Now It’s Time for Resistance”- Sheikh Hasina

On Thursday, December 19, the leaders of the German Awami League organized a Victory Day of Bangladesh celebration and protest meeting in Cologne, Germany. Virtually attending the event, Bangladesh Awami League President, Bangabandhu’s daughter, and the Honorable Prime Minister of Bangladesh, Sheikh Hasina, issued a stern warning to the current illegal and undemocratic Yunus government, […]

Putin Declares Russia’s Ambition to Lead the World in Artificial Intelligence

MOSCOW – Russian President Vladimir Putin has reiterated his country’s determination to become a global leader in artificial intelligence (AI), emphasizing the transformative potential and strategic importance of the technology. “Artificial intelligence is the future, not only for Russia but for all humankind,” Putin stated, according to RT. “It comes with colossal opportunities but also […]