U.S. President Donald Trump said on Tuesday (9 September) his administration is continuing negotiations to address trade barriers with India and that he would talk to Prime Minister Narendra Modi, raising hopes of a deal after weeks of discord.
Modi reciprocated the optimism in a social media post on Wednesday (10 September), saying Washington and New Delhi "are close friends and natural partners."
He said teams from both countries are working to conclude the trade discussions at the earliest.
Trump last week said India had offered to reduce its tariffs on U.S. goods to zero, adding that the proposal was late and the South Asian country should have lowered its duties years ago.
India's chief economic adviser this week warned that Trump's 50% tariffs imposed on Indian exports to the U.S. could shave half a percentage point off India's gross domestic product this year.
Trump had promised for months that the two sides were close to clinching a trade deal, only to double new tariffs on Indian imports to 50%, sparking questions about the future of the U.S.-India relationship, which had strengthened in recent years, including during Trump's first term.
Trump imposed the higher tariffs on India after New Delhi refused to stop buying Russian oil in defiance of his efforts to end Moscow's war in Ukraine.
The Financial Times reported on Tuesday that Trump was pressing the European Union to impose 100% duties on imports from India and China.
U.S.-India two-way goods trade totaled $129 billion in 2024, with a $45.8 billion U.S. trade deficit, according to U.S. Census Bureau data.
China accused Britain of lacking “credibility and ethics” after the UK government once again postponed a decision on Beijing’s proposal to build...
Nexperia’s China unit has told its employees to follow directives from local management and disregard instructions from the company’s Dutch head o...
Russia said that its Foreign Minister, Sergei Lavrov, and U.S. Secretary of State, Marco Rubio, had a “constructive” conversation as they began pr...
Iranian Foreign Minister Abbas Araghchi spoke to his Egyptian counterpart Badr Abdelatty in a telephone conversation over the weekend where issues of ...
The Communist Party of China has opened the fourth plenary session of its 20th Central Committee in Beijing, as Xi Jinping outlined the country’s ac...
China accused Britain of lacking “credibility and ethics” after the UK government once again postponed a decision on Beijing’s proposal to build a new embassy in London.
Nexperia’s China unit has told its employees to follow directives from local management and disregard instructions from the company’s Dutch head office, marking a rare public split between a multinational firm and its overseas subsidiary.
Russia said that its Foreign Minister, Sergei Lavrov, and U.S. Secretary of State, Marco Rubio, had a “constructive” conversation as they began preparations for an upcoming summit between Presidents Vladimir Putin and Donald Trump.
Iranian Foreign Minister Abbas Araghchi spoke to his Egyptian counterpart Badr Abdelatty in a telephone conversation over the weekend where issues of mutual interest discussed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
China accused Britain of lacking “credibility and ethics” after the UK government once again postponed a decision on Beijing’s proposal to build a new embassy in London.
Nexperia’s China unit has told its employees to follow directives from local management and disregard instructions from the company’s Dutch head office, marking a rare public split between a multinational firm and its overseas subsidiary.
Russia said that its Foreign Minister, Sergei Lavrov, and U.S. Secretary of State, Marco Rubio, had a “constructive” conversation as they began preparations for an upcoming summit between Presidents Vladimir Putin and Donald Trump.
Iranian Foreign Minister Abbas Araghchi spoke to his Egyptian counterpart Badr Abdelatty in a telephone conversation over the weekend where issues of mutual interest discussed.
The Communist Party of China has opened the fourth plenary session of its 20th Central Committee in Beijing, as Xi Jinping outlined the country’s achievements over the past five years and presented the draft framework for the next phase of national development.
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