The US has expanded its tariff regime, targeting both industrial metals and high-value pharmaceutical imports, signalling tougher trade controls and potential impact on global supply chains.
Commerce Secretary Rajesh Agarwal informed that the deal was to be signed in March but the signing will now take place once the United States finalises a new architecture of global tariffs.
The growth will be largely driven by higher realisations, supported by the sharp depreciation of the rupee against the US dollar and the euro.
Describing it as an evolving situation, the minister affirmed the government's commitment to protecting the country's interests.
The White House has rolled out a temporary import duty using a rarely discussed trade provision, raising questions over exemptions, duration, and the scope of presidential powers in trade matters.
The rupee drifting beyond the 90-per-dollar mark is not merely another data point in the market’s daily churn.
Putin stressed that Russia had already developed solid and efficient energy ties with India before the Ukraine conflict.
“To be honest, I am also looking forward to this trip to India in early December,” Putin said.
US President Donald Trump, in his latest U-turn, expressed enthusiasm over the bilateral trade negotiations and called for addressing "trade barriers".
Samajwadi Party President Akhilesh Yadav has alleged that BJP leaders were not speaking on the losses Indian exporters are incurring as a result of steep hike in tariffs imposed by the US on India.
