All posts tagged: trade deal

‘Making lot of money with India’: Trump says trade deal with ‘good friend’ PM Modi coming

‘Making lot of money with India’: Trump says trade deal with ‘good friend’ PM Modi coming

Published by Parlour News

Donald Trump is confident that Washington and New Delhi will reach a trade agreement soon. Calling Prime Minister Narendra Modi a ‘good friend’, the US President spotlighted what he described as a reversal in the trade dynamics between the two countries. Donald Trump is confident of India-US trade deal. (REUTERS) “For years, India took advantage of the United States,” Trump said on Thursday. “They charged us tremendous tariffs and paid nothing. Now it is the exact reverse and we are making a lot of money with India.” “But we will get to a deal because I like your Prime Minister [Narendra Modi] a lot. He is a good friend of mine, and we get along well. We have a good relationship,” Trump said. ALSO READ | India, US reaffirm commitment to reach trade agreement as talks conclude His remarks came as India and the US renewed efforts to finalise a bilateral trade deal after fresh talks in New Delhi. A four-day visit by United States Trade Representative (USTR) officials from June 1-4 helped push the …

India, US very close to trade deal, need to get over ‘last hurdle’, says top US official

India, US very close to trade deal, need to get over ‘last hurdle’, says top US official

Published by Parlour News

US Deputy Secretary Christopher Landau on Tuesday said that India and the US are “very, very close” to signing the trade deal and need to get over “that last hurdle.” Noting that India is “one of the great powers of the world,” the official said that it’s important that both countries reach a closure on the trade deal. External Affairs Minister S Jaishankar met with US Deputy Secretary of State Christopher Landau on the sidelines of the Raisina Dialogue in March this year. (@DrSJaishankar/X) Talking to the reporters on the sidelines of the Select USA Investment Summit at National Harbour in Maryland, Landau said that India and the US have been negotiating for months, and it was important for the two sides to “reach some closure” and move on with the many other issues on the agenda, news agency PTI reported. He reiterated the importance of India at a global level and said that both countries need to get over “that last hurdle,” without giving specific information. “I don’t have any huge inside information to …

Does it mean zero tariff on India?| India News

Does it mean zero tariff on India?| India News

Published by Parlour News

In a landmark ruling that sent ripples across the globe, the United States Supreme Court on Friday struck down the bulk of President Donald Trump’s sweeping tariffs, delivering one of the most significant judicial rebukes of his second term. Prime Minister Narendra Modi-led India could get a bargaining chip in dealing with the US now. (ANI Video Grab) The 6-3 decision holds that the 1977 International Emergency Economic Powers Act (IEEPA) does not authorise the President to impose tariffs — a ruling with implications for trade partners worldwide, including India. The majority held that the President did not have the authority under the emergency powers law to impose a vast array of import levies on goods from nearly all of the nation’s trading partners. Chief Justice John Roberts authored the opinion, joined by the court’s three liberal justices and two fellow conservatives, Neil Gorsuch and Amy Coney Barrett. Justices Samuel Alito, Clarence Thomas and Brett Kavanaugh dissented. So, do US tariffs on India go to zero? There is a critical distinction. The court’s decision does …

India ‘diversifying’ oil options, says US ambassador Sergio Gor on Russian purchases; negotiations on for Venezuelan oil| India News

India ‘diversifying’ oil options, says US ambassador Sergio Gor on Russian purchases; negotiations on for Venezuelan oil| India News

Published by Parlour News

Newly appointed US ambassador to India Sergio Gor, on Friday, stated that New Delhi is working to “diversify” its oil options. The US envoy’s remarks come after India and US announced their trade deal, which claimed that India will be reducing its purchase of Russian oil. US Ambassador to India Sergio Gor (@USAmbIndia) Speaking at reporters on the sidelines for the India AI Impact Summit 2026, Gor told Reuters that India is working to “diversify” its options and negotiations are underway for Venezuelan oil purchase. “On oil, there’s an agreement. We have seen India diversify on their oil. There is a commitment. This is not about India. The United States doesn’t want anyone buying Russian oil. The President’s been very clear on this, he wants this war to end. And so anyone who is in a way still involved with that conflict is something that the President wants to see come to an end in hopes of peace coming with that,” Gor was quoted as saying as per news agency ANI. Also Read | ‘Historic …

Confusion can become costly in India-US trade pact

Confusion can become costly in India-US trade pact

Published by Parlour News

3 min readFeb 18, 2026 11:13 PM IST First published on: Feb 18, 2026 at 11:13 PM IST The costliest tariff right now is confusion. In the published US-India Joint Statement, the two sides say they have reached a framework for an Interim Agreement, while reaffirming a pathway toward a broader Bilateral Trade Agreement that would be built out over time. The Statement also specifies a reciprocal tariff rate of 18 per cent on originating goods from India at this stage and notes that broader tariff reductions are tied to the successful conclusion of the Interim Agreement. This is an important distinction suggesting a politically announced staging mechanism rather than a fully concluded, legally consolidated FTA with final schedules, binding annexes, and settled dispute disciplines. Now, trade under Trump is not primarily presented as technocratic harmonisation; it is used as a bargaining tool and a form of leverage. That approach rewards strong claims at the announcement stage, but it also raises the domestic cost of later recalibration, especially when early interpretations run ahead of what …

Congress plans farmers’ stir on US deal in five states and 1 UT| India News

Congress plans farmers’ stir on US deal in five states and 1 UT| India News

Published by Parlour News

The Congress will launch a targeted campaign against the India-US trade deal in five states and 1 Union Territory where they believe farmers would be worst affected due to the import of American agricultural and food products. During the discussion on general budget, Gandhi had almost entirely focused on the India-US trade deal and later claimed that Prime Minister Narendra Modi has surrendered and betrayed India’s farmers. (Sansad TV) The party has identified Jammu and Kashmir, Himachal Pradesh, Madhya Pradesh, Maharashtra, Rajasthan and Bihar for a political campaign involving the farmers. According to a party strategist, these states are at the frontline of India’s soyabean, cotton, corn and fruits production. Congress president Mallikarjun Kharge and Gandhi are scheduled to meet the Pradesh Congress leaders from these six states on February 20 to chalk out a concrete strategy on how to reach out to farmers and farm bodies in the states. Gandhi met farmer leaders on February 14 and promised to stand with farmers “for their rights, security, and dignity.” On February 6, the White House …

India committed to stopping Russian oil buys, says US fact sheet| India News

India committed to stopping Russian oil buys, says US fact sheet| India News

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The White House released a fact sheet late on Monday asserting India has committed to stop purchasing Russian oil, reduce tariffs on “certain pulses”, and ending digital services taxes — claims the Indian government has not officially confirmed and that do not appear in the bilateral joint statement released by both countries last week. The White House fact sheet lists “certain pulses” among agricultural products on which India will reduce tariffs—a category not mentioned in the February 7 joint statement. (File Photo/Reuters) The fact sheet and an executive order signed by President Donald Trump on Friday both state India “has committed to stop directly or indirectly importing Russian Federation oil” in exchange for removing a 25% tariff penalty. However, the February 7 India-US joint statement makes no mention of Russian oil purchases or any Indian pledge to halt them. The fact sheet said the two sides reached a framework for an interim deal after Trump and Prime Minister Narendra Modi spoke on a call. India has not confirmed it will eliminate Russian energy purchases. Foreign …

‘India-US Trade Deal Doesn’t Hurt Farmers, MSMEs’: Piyush Goyal Hits Back At Opposition Criticism | India News

‘India-US Trade Deal Doesn’t Hurt Farmers, MSMEs’: Piyush Goyal Hits Back At Opposition Criticism | India News

Published by Webster

Last Updated:February 07, 2026, 15:04 IST ‘Trying To Mislead Farmers’: Piyush Goyal Hits Back At Opposition Over India-US Trade Deal Criticism Union Minister of Commerce and Industry Piyush Goyal. (File Photo: PTI) Union Commerce and Industry Minister Piyush Goyal on Saturday strongly countered opposition criticism of the India-US interim trade framework, accusing them of attempting to mislead farmers despite safeguards built into the agreement. Goyal said certain sections were “anti-farmer” and were deliberately spreading misinformation about the deal. “There are some people in this country who try to mislead farmers. They are surprised that no concessions have been given on agricultural products under the India-US agreement,” he said, asserting that the government had taken no step that would harm farmers’ interests. The minister said the agreement strikes a balance by expanding export opportunities for Indian industries, accelerating business opportunities for the MSMEs, while fully protecting the agricultural sector from import pressures. “This agreement provides export benefits to multiple sectors and, at the same time, safeguards and protects our farming sector. These twin objectives have been …

All eyes on Rubio and Jaishankar’s meeting today| India News

All eyes on Rubio and Jaishankar’s meeting today| India News

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External affairs minister S Jaishankar’s meeting with US secretary of state Marco Rubio in Washington on Wednesday is being closely watched for further steps to put India-US ties on an even keel after a year of unprecedented strains following the finalisation of a trade deal, people familiar with the matter said on Tuesday. External Affairs Minister S Jaishankar, in the US to participate in a ministerial meeting on critical minerals convened by Marco Rubio on February 4, is set to meet the secretary of state in the early hours of Wednesday (@DrSJaishankar) Jaishankar, in the US to participate in a ministerial meeting on critical minerals convened by Rubio on February 4, is set to meet the secretary of state in the early hours of Wednesday (Indian time), a day after the surprise announcement by Prime Minister Narendra Modi and President Donald Trump of the reduction of US tariffs on Indian exports from 50% to 18% under the trade deal. Other than a confirmation about the slashing of the US tariffs, including the removal of a …

C Raja Mohan writes | Resilience and patience helped Delhi weather Trump’s tariff storm. India-US partnership is structurally sound, durable

C Raja Mohan writes | Resilience and patience helped Delhi weather Trump’s tariff storm. India-US partnership is structurally sound, durable

Published by Parlour News

The finalisation of the India-US trade deal this week brings to a close a turbulent year in bilateral ties and clears the way for Delhi and Washington to focus on the broader agenda outlined by Prime Minister Narendra Modi and President Donald Trump at their White House meeting on February 13, 2025. The two leaders had emphasised the importance of a quick trade deal and called for deeper cooperation in defence industrialisation, critical and emerging technologies, and strategic coordination in the Indo-Pacific. The trade deal announced by the two leaders on social media on Monday needs to be formalised, and there are several elements that will need to be fleshed out to mutual satisfaction. Complex negotiations and imaginative diplomatic work lie ahead in putting the bilateral commercial ties on a high and sustainable growth path. If Trump was incredibly tough and transactional over the last year, Modi displayed resilience — tempered by patience — in weathering the tariff storm. Delhi neither capitulated nor escalated. Instead, it opted for quiet, persistent engagement. The durability of the …