US had imposed penalty tariff on India at the end of August 2025, citing purchase of Russian oil. Trump, Modi announced reduction of reciprocal tariffs earlier Monday.
India’s merchandise exports to US remain positive, despite 50% tariffs, while imports from US grew by 12.85% in the first three quarters of the financial year.
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.
Two sides have held multiple rounds of negotiation to arrive at a balanced & mutually beneficial trade agreement & a deal was close on several occasions, asserts MEA.
India, Howard Lutnick says, was uncomfortable with a Modi-Trump call & that let a negotiated deal fall through & when Delhi was ready for a deal, Washington wanted different terms.
The year began with two major trade announcements—opening of negotiations for “first tranche” of a bilateral trade agreement with the US following PM Modi’s visit to Washington.
Contrary to naysayers, the RSS practices what it preaches. It is closer to the Gandhian teaching of improving the individual morally and spiritually to change the external environment.
CM Yogi Adityanath claims that from being called a ‘bimaru’ state, UP is now among the top-3 economies in India. The 2026 Budget session of the UP assembly is currently underway.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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