LeadStory

What is the latest on U.S.-India trade talks?

Asked 4 hours ago

Answer

U.S.-India trade talks have collapsed, leading to the U.S. imposing steep tariffs of up to 50% on Indian exports, largely due to India's continued purchases of Russian oil. Key sectors like textiles, leather, and jewelry are hit hardest, with Indian officials pledging financial support and urging exporters to seek alternative markets.

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Reuters

Indian exporters brace for impact as steep U.S. tariffs hit

Reuters · Just In
Reuters
Reuters
Just In
  • Steep U.S. tariffs of up to 50 percent have been imposed on Indian exports after trade talks failed.
  • The tariffs include extra duties in response to India's purchase of Russian oil. 12s
  • Exporters report immediate order cancellations and halted factory operations. 34s
  • Indian officials plan financial aid for affected companies and urge diversification to other markets. 59s
  • Industry groups and analysts predict a significant drop in exports and economic growth. 1m 28s
International PoliticsEconomy

References

Indian exporters brace for impact as steep U.S. tariffs hit
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Reuters
5 hours ago
Indian exporters brace for impact as steep U.S. tariffs hit

Steep U.S. tariffs of up to 50% took effect after trade talks collapsed, impacting Indian exports and causing immediate disruptions.

Indian exporters brace for impact as steep U.S. tariffs hit
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Reuters
5 hours ago
Indian exporters brace for impact as steep U.S. tariffs hit

Officials say there is no hope for immediate relief and affected companies will get financial assistance and be encouraged to diversify to other markets.

U.S. raises India tariffs to 50 percent over Russian oil purchases
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Al Jazeera
5 hours ago
U.S. raises India tariffs to 50 percent over Russian oil purchases

Indian exporters now face some of the steepest tariffs when shipping to the U.S., with the increase attributed to India's Russian oil purchases.

U.S. raises India tariffs to 50 percent over Russian oil purchases
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Al Jazeera
5 hours ago
U.S. raises India tariffs to 50 percent over Russian oil purchases

Prime Minister Modi says energy purchases from Russia will continue despite new tariffs and pledges to protect India's economy.

India braces for export shock as 50% U.S. tariff takes effect
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Euronews
11 hours ago
India braces for export shock as 50% U.S. tariff takes effect

The U.S. imposed a combined 50% tariff on Indian goods due to Russian oil purchases, raising concerns about job losses and economic growth.

India braces for export shock as 50% U.S. tariff takes effect
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Euronews
11 hours ago
India braces for export shock as 50% U.S. tariff takes effect

India is working on reforms to boost domestic consumption and expand exports to other regions, with trade talks with the EU gaining urgency.

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