エピソード

  • US India Trade Tensions Escalate as Trump Threatens Reciprocal Tariffs and Potential 10% BRICS Duty by August 2025

    US India Trade Tensions Escalate as Trump Threatens Reciprocal Tariffs and Potential 10% BRICS Duty by August 2025
    2025/07/11
    Welcome, listeners, to the latest episode of India Tariff News and Tracker.

    Big developments are underway in India-US trade relations as President Donald Trump intensifies his global tariff campaign. On July 9, Trump sent out formal tariff warning letters to multiple countries, but notably, India was not among those targeted for immediate action. According to American Bazaar, Trump’s administration has taken a more measured approach toward India compared to other nations, such as Brazil, which received a steep 50% tariff on exports to the US. The White House emphasized that while tariffs loom, negotiation remains open, and tariff rates could be adjusted based on the willingness of countries to make trade concessions.

    Meanwhile, Time reports that India faces the prospect of a 27% “reciprocal” tariff rate on its exports if a deal isn’t reached before the revised deadline of August 1, 2025. These reciprocal tariffs would be in addition to specific duties—such as a 25% tariff on cars and auto parts and a 50% duty on steel and aluminium imports—already in place for other nations. Trump has also warned of a blanket 10% additional tariff on BRICS countries, which directly includes India, accusing the bloc of undermining the US dollar. The president's July 6 statement left little room for exceptions and signaled his willingness to escalate further if he perceives anti-American economic alignment via BRICS.

    Despite the rising pressure, India’s government is holding its ground. The Economic Times outlines that Indian and US negotiators are locked in tense discussions, especially around agricultural, dairy, and auto market access. Commerce Minister Piyush Goyal has reiterated that India will not agree to a trade deal under the pressure of a deadline, making it clear that protecting domestic farmers and dairy producers is a priority, even as the US pushes for more access for its products. India has also officially reserved the right to impose retaliatory duties against the US under WTO rules, after Washington hit Indian auto parts and steel with 25% tariffs.

    While negotiations at the table continue in Washington, India is asserting itself at the WTO, challenging US trade actions and signaling a willingness to push back. According to the New Indian Express, Indian negotiators are scheduled for another visit to Washington in hopes of bridging key differences before the August deadline. If no deal is reached, sources say India may simply refuse to ink the agreement and instead accept the reciprocal US tariffs, underlining that the government’s strategy is to safeguard long-term national interests rather than yield to external pressure.

    For Indian exporters, this is a critical window. According to India Briefing, despite the uncertainty, India’s merchandise exports to the US saw a strong 27% year-on-year growth in April 2025, as importers rushed to beat impending tariff hikes. The Confederation of Indian Textile Industry noted that textile and apparel exports to the US are up more than 13% so far this year, underscoring America’s role as India’s top export market—though sector leaders warn that continued uncertainty could soon impact order flows.

    As we track these rapidly evolving negotiations and tariff actions, listeners should remain alert. The situation could shift by August 1, and both sides are under mounting political and economic pressure to reach an agreement.

    Thanks for tuning in to India Tariff News and Tracker. Don’t forget to subscribe for all the latest updates on US-India trade.

    This has been a quiet please production, for more check out quiet please dot ai.

    For more check out https://www.quietperiodplease.com/

    Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
    続きを読む 一部表示
    4 分
  • Trump Targets India with Massive Tariffs on Copper, Pharma, and BRICS Amid Complex Trade Negotiations

    Trump Targets India with Massive Tariffs on Copper, Pharma, and BRICS Amid Complex Trade Negotiations
    2025/07/09
    Listeners, welcome to India Tariff News and Tracker. There is major movement in US-India trade relations as of July 9, 2025. President Donald Trump has ramped up his global tariff push, with the most headline-grabbing changes affecting copper, pharmaceuticals, and countries linked to BRICS—including India.

    Trump has announced a new 50% tariff on copper imports, to take effect at the end of July or August 1. India, as the US’s third-largest copper supplier, exported $360 million in copper to the US last year. Indian government officials are evaluating the impact, but with solid domestic demand for copper, the overall shock may be cushioned. Yet, this is a clear signal of toughening US trade policy towards India.

    The bigger jolt could come to Indian pharmaceutical exporters. Trump is warning of tariffs up to 200% on pharmaceutical imports after an 18-month transition. As the US is India’s largest pharma export destination, any implementation of these tariffs would disrupt a sector worth billions annually. Indian industry leaders are preparing for possible realignment of global supply chains if these duties are enacted, likely pushing firms to target other markets or boost competitiveness.

    BRICS membership is also putting India in the US tariff crosshairs. Trump has reiterated that all BRICS members, including India, will face an extra 10% tariff, accusing the bloc of trying to undermine the US dollar. He stated, “They will certainly have to pay 10% if they are in BRICS because BRICS was set up to hurt us, to degenerate our dollar... The Dollar is king. We are going to keep it that way.”

    Despite these threats, India and the US are in the final stages of negotiating a “mini trade deal,” with both sides aiming to double bilateral trade to $500 billion by 2030. Sensitive issues—especially agriculture and dairy—are being set aside for later phases to keep talks on track. As of now, the focus is on industrial goods, with India pushing for US tariff cuts on apparel, textiles, gems, leather, engineering goods, and more. At the same time, Washington is pressing for Indian concessions on automobiles, petrochemicals, and easing restrictions on genetically modified crops and cattle feed.

    President Trump’s hard August 1 deadline for new tariffs remains unchanged, and official letters have been sent to 14 countries laying out the new rates, some as high as 40%. Notably, India was excluded from this initial list—giving negotiators hope for a deal before the US “reciprocal” tariff of up to 27% on Indian exports kicks in. However, both sides remain far apart on agricultural access and data localization, and Indian officials insist deals will be made only “when the deal is good, fully matured, and in the national interest.”

    India continues to seek a win-win outcome, even as the Trump administration eyes a more aggressive trade correction. If a breakthrough comes soon, Indian exports of specific goods like motorcycles, whiskey, and textiles may see easier US access, but what India will gain in return remains under negotiation.

    Listeners, that’s all for today’s episode. Thank you for tuning in. Don’t forget to subscribe for the latest India Tariff News and Tracker updates. This has been a quiet please production, for more check out quiet please dot ai.

    For more check out https://www.quietperiodplease.com/

    Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
    続きを読む 一部表示
    4 分
  • US India Trade Talks Intensify as Trump Considers Tariff Escalation Amid Complex Negotiations and Potential August Deadline

    US India Trade Talks Intensify as Trump Considers Tariff Escalation Amid Complex Negotiations and Potential August Deadline
    2025/07/08
    Listeners, welcome to another edition of India Tariff News and Tracker. Today is July 8th, 2025, and we’re bringing you the latest on tariffs, trade headlines, and all things US-India from Washington and New Delhi.

    The big headline this week: President Donald Trump has unveiled a new wave of tariffs aimed at 14 countries, including several key US trading partners in Asia, Africa, and Eastern Europe. Notably, India is not on the list of countries facing immediate new tariffs, but that’s because Washington and New Delhi are still locked in high-stakes trade negotiations. Trump told reporters yesterday, as covered by Economic Times and Business Standard, that the two sides are “very close” to announcing a deal, even as a new deadline looms for August 1st.

    The backdrop: In April, Trump imposed a sweeping 26% tariff on Indian goods, but that was later rolled back to a 10% basic duty with a temporary reprieve. This lower rate will hold until negotiations conclude, while the threat of an increase to a much higher reciprocal tariff—reported by the Trade Compliance Resource Hub as 27% or even potentially 25% across all products—remains if talks break down. For context, other nations such as Thailand and Cambodia now face tariffs as high as 36%, while some, like Laos and Myanmar, are staring down duties of 40%. Meanwhile, tariff uncertainty has already rattled global markets and injected more pressure into supply chains and US consumer prices, according to India Today and GTRI analysis.

    Negotiations are tense. India’s Commerce Minister Piyush Goyal has insisted there will be no agreement under external pressure or deadlines, emphasizing that any deal must be “mutually beneficial” and in India’s best interest, as reported by the Economic Times. New Delhi is seeking lower duties for its labor-intensive exports—think textiles and leather goods—while the US wants broader access for American farm products, especially genetically modified crops and cattle feed, issues that remain politically sensitive in India.

    While the UK and Vietnam have managed to secure exemptions or lower tariff rates, India’s deal is still in progress. Trump has warned that any country responding with retaliatory tariffs will see the US match those increases dollar for dollar, raising the stakes for India’s negotiators.

    Industry watchers tell listeners to expect an announcement soon, with sources citing a possible wrap-up within days. But experts warn that Trump’s hardline “Yielding to American Tariff Retaliation Agreement” model—what some call YATRA—means India must carefully weigh long-term impacts before signing.

    That’s your tariff update for today, July 8th, 2025. Thanks for tuning in, and don’t forget to subscribe to India Tariff News and Tracker for the latest updates. This has been a quiet please production, for more check out quiet please dot ai.

    For more check out https://www.quietperiodplease.com/

    Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
    続きを読む 一部表示
    3 分
  • US-India Trade Tensions Escalate: Potential 26% Tariff Looms as Countries Negotiate Mini-Trade Deal

    US-India Trade Tensions Escalate: Potential 26% Tariff Looms as Countries Negotiate Mini-Trade Deal
    2025/07/07
    Listeners, today we're tracking the latest developments in the US-India trade relations, particularly focusing on tariffs. The Trump administration announced a comprehensive tariff plan on April 2, 2025, which included a 26% tariff on India. This move was part of a broader strategy to address what the administration perceives as unfair trade practices by other countries. The 26% tariff was later put on hold for 90 days, but a standard 10% tariff remains in place for Indian goods.

    India has been in intense negotiations with the US to avoid these tariffs. According to reports, both countries are close to finalizing a mini-trade deal, which could reduce tariffs to around 10%. This agreement is expected to pave the way for more comprehensive trade discussions later. The US has been pushing India to reduce its trade barriers, particularly in agriculture, while offering to reduce some of its tariffs in return.

    However, India has been firm on protecting its agricultural sector, resisting demands to lift restrictions on genetically modified seeds and crops. Instead, it has expressed openness to reducing tariffs in other areas, such as leather, textiles, and footwear.

    With a deadline of July 9 for new tariffs to potentially kick in, the situation remains critical. The US plans to send letters to several countries, including India, outlining the terms of trade. If no agreement is reached, tariffs could increase further. Trump has also announced that any country supporting what he calls "Anti-American policies" associated with the BRICS group could face an additional 10% tariff.

    Given these developments, it's clear that the next few days will be pivotal in determining the future of US-India trade relations. Listeners, stay tuned for more updates as this story unfolds.

    Thank you for tuning in to "India Tariff News and Tracker." Don't forget to subscribe to our podcast for the latest updates on US-India trade relations.

    This has been a Quiet Please production, for more check out quietplease.ai.

    For more check out https://www.quietperiodplease.com/

    Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
    続きを読む 一部表示
    2 分
  • US India Trade Tensions Simmer as Trump Weighs Tariff Deal Ahead of July 9 Deadline Amid Economic Uncertainty

    US India Trade Tensions Simmer as Trump Weighs Tariff Deal Ahead of July 9 Deadline Amid Economic Uncertainty
    2025/07/06
    Welcome to India Tariff News and Tracker for July 6, 2025.

    Listeners, today’s biggest headline is the ongoing tariff tension between the United States and India under President Donald Trump’s new trade agenda. Back in April, Trump invoked the International Emergency Economic Powers Act to impose a baseline 10 percent tariff on imports from all countries, including India. This sweeping move took effect on April 5, with the administration justifying it as a measure against long-standing trade imbalances and non-reciprocal practices, which Trump called a national emergency at a White House address.

    While country-specific reciprocal tariffs were initially announced—citing a 26 to 27 percent tariff on Indian goods—the administration later paused these higher rates for 90 days starting April 9. For now, nearly all imports from India face a 10 percent tariff, matching the blanket rate for most US trading partners except China and Hong Kong, whose goods bear a much steeper 30 percent levy. However, listeners should note that Trump’s team has said these new US tariffs could be adjusted again after the pause period, hinting at future unpredictability.

    Despite this uncertainty, India and the US have been pushing for a trade deal to blunt the impact of these tariffs. India, now the world’s fourth-largest economy and soon to be third, began negotiations with Washington in February. Talks have covered agricultural trade, energy imports, and the reduction of non-tariff barriers. In late April, Vice President JD Vance visited New Delhi to announce the finalization of negotiation terms, and Commerce Secretary Howard Lutnick said a deal may be imminent. However, as of today, the first phase of a US-India trade agreement is ready but still needs Trump’s personal signoff to take effect before the July 9 deadline. Trade watchers expect the deal to mirror recent US agreements with the UK and Vietnam, where the 10 percent baseline tariff was retained but some sector-specific reductions were made.

    For Indian exporters, the news is a mixed bag. According to ClearTax, the 2025 US tariffs hit sectors like automobiles, auto parts, steel, and aluminum with specific 25 percent rates, while most other goods see a 10 percent levy under the general regime. Pharmaceuticals and semiconductors are reportedly exempt, and the impact on overall Indian exports is cushioned by sectoral diversification and relative market share—only a small fraction of India’s GDP is at direct risk.

    With US-India trade in focus and the July 9 tariff deadline looming, listeners should stay tuned for developments on whether Trump will approve the trade pact and what it will mean for cross-border business, supply chains, and prospects for tariff relief.

    Thanks for tuning in to India Tariff News and Tracker. Be sure to subscribe for your next update. This has been a quiet please production, for more check out quiet please dot ai.

    For more check out https://www.quietperiodplease.com/

    Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
    続きを読む 一部表示
    3 分
  • India and US Negotiate Crucial Trade Deal Before July 9 Deadline Amid Tariff Tensions and Market Access Challenges

    India and US Negotiate Crucial Trade Deal Before July 9 Deadline Amid Tariff Tensions and Market Access Challenges
    2025/07/04
    As we approach the July 9 deadline, India and the US are engaged in intense negotiations for an interim trade deal. According to India Today, this deal is likely to be signed within the next 48 hours, marking significant progress in their trade relations. The US had initially announced a 26% tariff on Indian imports as part of its reciprocal tariffs, but this was suspended for 90 days to allow countries to strike a deal.

    The Trump administration has been pushing for reduced tariffs and increased market access, particularly in agriculture and dairy sectors. However, India has been resistant to concessions on these sensitive areas, aiming to protect its domestic farmers from low-priced American imports. Politico reports that while some agreements have been reached on agricultural issues and energy purchases, finalizing the deal has been challenging due to the US demands for significant trade barrier reductions.

    The Economic Times notes that the deal might be unveiled in phases, with some concessions on apples and imports of certain GM-based farm products used in animal feed. Despite these negotiations, India's export trade is not expected to be severely impacted by the tariffs, as US exports account for only 18% of India's total exports, and key sectors like pharmaceuticals are exempt from tariffs.

    The US has imposed a flat 10% tariff on all countries starting April 10, 2025, with specific exemptions and additional tariffs for countries like China and Hong Kong. As the July 9 deadline approaches, listeners can expect significant developments in the India-US trade front, with implications for both countries.

    Thank you for tuning in to this episode of "India Tariff News and Tracker." Don't forget to subscribe to stay updated on the latest developments in India-US trade relations.

    This has been a quiet please production, for more check out quiet please dot ai.

    For more check out https://www.quietperiodplease.com/

    Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
    続きを読む 一部表示
    2 分
  • US Suspends High Tariffs on India Amid Trade Deal Negotiations Promising Breakthrough in Bilateral Economic Relations

    US Suspends High Tariffs on India Amid Trade Deal Negotiations Promising Breakthrough in Bilateral Economic Relations
    2025/06/30
    Welcome to India Tariff News and Tracker. Today is June 30, 2025, and there have been major developments at the intersection of US trade policy, President Trump’s tariff regime, and India’s place on the global economic stage.

    As of this month, the US has been embroiled in a new wave of tariff actions under President Donald Trump’s so-called “reciprocal tariff” plan. Announced on April 2, 2025, Trump’s administration declared a 26 percent tariff was to be imposed on imports from India, one of the highest among major US trading partners, with the stated goal of addressing what Trump called years of unfair trade practices by foreign nations against the United States. Trump termed April 2 “Liberation Day” for US trade, signaling a new phase in American protectionist policy. The baseline policy also established a universal 10 percent tariff on all imports from every country, with specific higher rates—like the 26 percent for India—targeted at nations with significant trade imbalances or high tariff barriers of their own, according to India Briefing.

    Listeners should note that India, for context, maintains some of the world’s highest tariff rates among large economies. The US Trade Representative’s National Trade Estimate Report, released March 31, 2025, records India’s average Most Favored Nation applied tariff rate at 17 percent in 2023, with agricultural products subject to particularly high duties averaging 39 percent. This has long been a sticking point in US-India trade relations, particularly for goods like vegetable oils, apples, corn, and automobiles.

    There’s been a significant development, however. The United States has suspended the additional 26 percent levies on Indian imports until July 9. This pause was set to give both sides room to finalize a new trade agreement, and all signs indicate a deal is imminent. According to India Today, the terms have been agreed and locked, with an official announcement expected by July 8. Indian negotiators have been in Washington pushing for exemptions on textiles, gems, shrimp, and leather goods, while the US is demanding India lower barriers on electric vehicles, wines, and farm products. President Trump stated just last week that his administration aims to remove all trade barriers and called the current system “unthinkable.”

    Meanwhile, listeners should be aware that even with the suspension, a universal 10 percent tariff on Indian imports to the US remains in place. The White House and economic analysts stress that this is a part of a broader American effort to reset global trade practices and reduce longstanding deficits. The current US goods trade deficit with India stood at $45.7 billion in 2024, and both sides are working toward a comprehensive bilateral agreement, with hopes for an initial tranche by October 2025.

    That wraps up today’s update on the rapidly evolving US-India tariff landscape. Thank you for tuning in to India Tariff News and Tracker—please subscribe for the latest insights and analysis. This has been a quiet please production, for more check out quiet please dot ai.

    For more check out https://www.quietperiodplease.com/

    Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
    続きを読む 一部表示
    3 分