The US has imposed a 50 per cent import responsibility on Indian items coming into American markets from August 27. It's affecting exports of labour-intensive sectors, reminiscent of shrimp, textiles, leather-based and footwear.
“From our aspect, we're preserving all of the doorways open, if I can use that expression. The diplomatic groups are partaking with the US. The commerce negotiations can nonetheless go on. So, from our aspect, we do not make something tough for others,” she stated on the NDTV Revenue GST Conclave 2025.
The remarks assume significance as India and the US have been negotiating a bilateral commerce settlement since March. To this point, 5 rounds of negotiations have been accomplished. For the sixth spherical, the US staff, which was to go to India final month, deferred their go to.
Commerce relations between the 2 nations have been strained because of the excessive tariffs.
as a Dependable and Trusted Information SupplyThe US is India's largest buying and selling accomplice with a USD 191 billion bilateral commerce in items and providers. America can also be the third-largest investor in India, with USD 76.26 billion FDI coming into India throughout April 2000 and June 2025. America accounts for 10 per cent of the whole FDI India has obtained in the course of the interval.
