He also attacked Centre over foreign policy, saying that while China has taken over 4,000 sq km of Indian territory, foreign secy Misri was cutting a cake with Chinese ambassador.
Foreign Secretary Vikram Misri instead highlighted India’s recent trade liberalisation deals with a number of countries as a part of New Delhi’s push to cut tariffs.
Use of tariffs stems from the urgency to curb rising US trade imbalance. US trade deficit in goods widened to $1.2 trillion in calendar year 2024 from $1.06 trillion in 2023.
Both leaders have vowed to realise the US-India 123 Civil Nuclear Agreement, work to build US-designed nuclear reactors in India through localisation & possible tech transfer.
Trump understands the shock value of his actions and uses it to great effect. He enacted orders focusing on low hanging fruits like immigration, but not China or the Russia-Ukraine war.
The step signals America’s ‘belief’ in ties with India, Jake Sullivan said during his two-day visit to India. He met with Jaishankar, Modi & counterpart Doval during the short stay.
India-US trade in first 3 yrs under Biden was $122 bn, while it was $83 bn in Trump’s first term. Average trade surplus in India’s favour grew from $18 bn under Trump to $31 bn under Biden.
India must leverage its state capacity to implement policies that support businesses while avoiding coercive actions that create chilling effects on companies and investments.
Shipping experts & economists say impact on coal-importing countries is likely to be negligible, and India could potentially gain from this disruption if it's agile enough.
The 10-year dispute was over whether India conformed with WTO rules when it banned import of poultry from US over bird flu fears. Move follows settling of 6 other issues in June.
In the first eight months of the current fiscal year, New Delhi’s net tax intake didn’t even hit the halfway mark of what it expects to collect by March 31.
As Visakhapatnam readies a mega airport, the Andhra Pradesh government has revived its shelved Dagadarthi project, aiming to boost cargo and connectivity on the south coast.
Speaking at annual press conference, Army chief reiterated that India does not recognise 1963 Sino-Pakistan border pact under which Pakistan illegally ceded Shaksgam Valley to China.
UK, EFTA already in the bag and EU on the way, many members of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
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