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.
Operations at several energy facilities in Saudi Arabia were suspended on Tuesday after attacks by Iran-aligned Houthi forces injured more than 70 ...
Iranian Parliament Speaker Mohammad Bagher Ghalibaf said on Sunday that the United States must recognise that the “rules of the game” i...
Russia and Ukraine exchanged attacks overnight, with at least two people killed in strikes on Kyiv, the Ukrainian capital's Military ...
At least five people were killed and five others injured when an Amazon Prime Air cargo plane overran a runway and crashed while landing at Miami International Airport on Sunday, 6 September, local officials said.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf said on Sunday that the United States must recognise that the “rules of the game” in its war against Iran had changed “before it is too late”, a day after Washington struck several Iranian tankers in the Gulf.
U.S. special envoys Jared Kushner and Steve Witkoff have held talks with Ukrainian President Volodymyr Zelenskyy in Kyiv on Sunday on efforts to end Russia’s war in Ukraine.
Seven Indonesian airports, including two serving Jakarta, remained closed early on Monday morning because of volcanic ash from eruptions at Mount Anak Krakatau, the transport minister said. One other airport in South Sumatra has been reopened.
Germany's far-right Alternative for Germany (AfD) has scored a historic victory in Saxony-Anhalt, emerging as the strongest party in the eastern state and putting it closer than ever to forming a regional government.
Russia and Ukraine exchanged attacks overnight, with at least two people killed in strikes on Kyiv, the Ukrainian capital's Military Administration said. Meanwhile, drones hit civilian infrastructure in Russia's southwestern Saratov region, Governor Roman Busargin said.
Female employees at the Eiffel Tower were asked to leave their workstations and step out of sight during a private visit by a Hindu religious delegation, prompting a staff protest and an investigation by Paris authorities.
Fresh off President Xi Jinping's state visit to Kyrgyzstan, project officials have announced the successful drilling of a key tunnel along the long-stalled China-Kyrgyzstan-Uzbekistan (CKU) railway, making it the first construction milestone for a flagship Belt and Road project.
Russia and Germany are locked in their most serious diplomatic dispute since the start of the war in Ukraine, after Berlin accused Moscow of carrying out a drone attack on a key logistics airport in August.
Fourteen men are on trial in Paris on Tuesday over the 2021 drowning of more than 30 migrants in the English Channel, the deadliest recorded migrant disaster in the narrow seaway between France and Britain.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment