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‘Mixed bag, not setback’: Modi Govt analysing impact of 26 % Trump tariff

Summary by Live Mint

Trump Tariffs: In response to President Trump's newly announced 26 per cent tariffs on Indian imports, the Indian government is analysing the potential economic impacts and negotiating a bilateral trade agreement aimed at mitigating trade tensions.

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The Siasat Daily

Lean Left

Mutually beneficial India-US trade deal to limit tariff impact: Report

New Delhi: The direct impact of higher US tariffs on India looks fluid as of now and a mutually beneficial trade deal by the end of this year would limit the impact, a report showed on Friday. India remains a domestic-oriented economy with consumption accounting for 60 per cent of the total GDP. On the other hand, merchandise exports accounted for only 12 per cent of GDP in FY24. According to the report by Bank of Baroda (BoB), assuming a 10 per…

14 hours ago

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Live Mint

Center

‘Mixed bag, not setback’: Modi Govt analysing impact of 26 % Trump tariff

2 days ago·New Delhi, India

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NewsX

Discussions Ongoing For Mutually Beneficial Trade Deal Over Imposition Of 26% Tariff By US: Commerce Ministry

The Commerce Ministry has said that discussions are ongoing with the United States of America to carve out a mutually beneficial trade deal. Implications of tariffs imposed by US President Donald Trump are being closely examined by the ministry. The tariffs announced by Trump include a universal 10% duty on all imports into the US with an additional 16% to come into effect from April 10, 2025. Officials in the ministry have said that there exist…

1 day ago

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defence.in

"Mixed Bag, Not Setback": Centre Analysing Impact Of...

The commerce ministry is analysing the impact of 26 per cent reciprocal tariffs or import duties imposed by the US on India, a senior government official said on Thursday. According to...

1 day ago

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Kashmir Observer

Govt Analysing Impact Of 26% Trump Tariff On India; It’s Mixed Bag, Not Setback: Official

Govt Analysing Impact Of 26% Trump Tariff On India; It’s Mixed Bag, Not Setback: Official New Delhi- The commerce ministry is analysing the impact of 26 per cent reciprocal tariffs or import duties imposed by the US on India, a senior government official said on Thursday. According to the official, the universal 10 per cent tariffs will come into effect on all imports into the US from April 5 and the remaining 16 per cent from April 10. “The min…

1 day ago

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Goemkarponn - Goa News

Centre Analyzes Consequences of US Tariffs; Deems Them 'Mixed Bag' - Goemkarponn

New Delhi: In a bold move aimed at redressing trade imbalances, the United States has imposed a 26% reciprocal tariff on Indian goods. This significant development has prompted the Indian Commerce Ministry to scrutinize the potential effects on the nation’s economy. The tariffs are part of a broader strategy by President Donald Trump to tackle long-standing trade disparities with countries like India, known for imposing substantial tariffs on Am…

2 days ago

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