• Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use
Saturday, May 10, 2025
28 °c
Agartala
enewstime
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    CAB postpones Bengal Pro T20 League Season 2 due to India-Pakistan conflict

    CAB postpones Bengal Pro T20 League Season 2 due to India-Pakistan conflict

    FIFA approves expansion of Women’s World Cup to 48 teams starting with 2031 edition

    FIFA approves expansion of Women’s World Cup to 48 teams starting with 2031 edition

    KIYG 2025: Bihar teams claim rugby 7s gold in contrasting styles; Maharashtra leads medal table

    KIYG 2025: Bihar teams claim rugby 7s gold in contrasting styles; Maharashtra leads medal table

    La Liga 2024-25: Girona coach Michel taken to hospital ahead of key game

    La Liga 2024-25: Girona coach Michel taken to hospital ahead of key game

    Neeraj Chopra Classic 2025 postponed in light of India-Pakistan tension

    Neeraj Chopra Classic 2025 postponed in light of India-Pakistan tension

    Premier League: Erling Haaland 'ready' for Man City return ahead of Southampton trip

    Premier League: Erling Haaland 'ready' for Man City return ahead of Southampton trip

    We salute our armed forces for shielding our nation from terrorism, says Jay Shah

    We salute our armed forces for shielding our nation from terrorism, says Jay Shah

    Xabi Alonso announces Bayer Leverkusen departure

    Xabi Alonso announces Bayer Leverkusen departure

    Alexis Mac Allister wins PL Player of the Month, Wolves' Vitor Pereira bags Manager's award

    Alexis Mac Allister wins PL Player of the Month, Wolves' Vitor Pereira bags Manager's award

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    CAB postpones Bengal Pro T20 League Season 2 due to India-Pakistan conflict

    CAB postpones Bengal Pro T20 League Season 2 due to India-Pakistan conflict

    FIFA approves expansion of Women’s World Cup to 48 teams starting with 2031 edition

    FIFA approves expansion of Women’s World Cup to 48 teams starting with 2031 edition

    KIYG 2025: Bihar teams claim rugby 7s gold in contrasting styles; Maharashtra leads medal table

    KIYG 2025: Bihar teams claim rugby 7s gold in contrasting styles; Maharashtra leads medal table

    La Liga 2024-25: Girona coach Michel taken to hospital ahead of key game

    La Liga 2024-25: Girona coach Michel taken to hospital ahead of key game

    Neeraj Chopra Classic 2025 postponed in light of India-Pakistan tension

    Neeraj Chopra Classic 2025 postponed in light of India-Pakistan tension

    Premier League: Erling Haaland 'ready' for Man City return ahead of Southampton trip

    Premier League: Erling Haaland 'ready' for Man City return ahead of Southampton trip

    We salute our armed forces for shielding our nation from terrorism, says Jay Shah

    We salute our armed forces for shielding our nation from terrorism, says Jay Shah

    Xabi Alonso announces Bayer Leverkusen departure

    Xabi Alonso announces Bayer Leverkusen departure

    Alexis Mac Allister wins PL Player of the Month, Wolves' Vitor Pereira bags Manager's award

    Alexis Mac Allister wins PL Player of the Month, Wolves' Vitor Pereira bags Manager's award

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
No Result
View All Result
enewstime
  • Home
  • News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders
Home National

India-US trade ties face complex tariff alignments: Report

IANS by IANS
April 1, 2025
in National
India-US trade ties face complex tariff alignments: Report
53
VIEWS
Share on FacebookShare on Twitter

New Delhi, April 1 (IANS) While both India and the US are deeply interconnected through trade, investment, and strategic agreements, recent US tariff measures have introduced new complexities, as per a report.

ADVERTISEMENT

The trade relationship between the United States and India, valued at $129.20 billion in 2024, is at a critical juncture as new US trade policies aim to introduce tariff realignments.

India has already kicked off some tariff adjustments specific to the US, beginning with the Budget 2025. It has relaxed tariffs for various goods on the US export list, such as motor bikes from 50 per cent to 40 per cent, and bourbon whiskey from 150 per cent to 100 per cent.

Simultaneously, both countries have started working towards negotiating the bilateral trade agreement (BTA) aimed at reaching a deal before the end of 2025.

According to a Price Waterhouse (PwC) report, a key task for India to balance in this regard would be the considerable difference in the applied tariffs between the two nations – while India imposes an average tariff of 17 per cent, the U.S. maintains a much lower average of 3.3 per cent. It is important to mention that this gap is even wider in agriculture, where India’s simple average tariff is 39 per cent, compared to five per cent in the U.S.

ADVERTISEMENT

The report states that a new 25 per cent tariff on almost all steel and aluminum imports into the US has been imposed. This directly impacts Indian steel manufacturers exporting to the U.S.

Similarly, it highlights that reciprocal tariffs by the US may imply that the tariffs of 15 per cent imposed by India on imports of smartphones from the U.S. would be extended to exports of smartphones from India to the US. This could impede the growing trajectory of smartphone exports from India as currently the tariffs attracted stand at 0 per cent, whereas the revised tariffs would be 15 per cent, the PwC report states.

On February 18, the US President also announced his intention to impose auto component tariffs “in the neighbourhood” of 25 per cent, and similar duties on pharmaceutical imports which also impact India’s exports.

The PwC report also points out that the US tariffs on Chinese goods have the potential to create more opportunities for Indian exporters, especially in sectors such as electronics, textiles, and engineering goods, where Indian businesses could be in relatively more favourable positions.

However, while all Chinese exports, including smartphones, would be attracting 20 per cent tariffs across the board, and Indian tariffs would be relatively variable depending on the tariffs imposed by India on imports of the product in question, hence there will be variation with the product in question, the PwC report points out.

At the same time, it is of the view that identifying alternative markets can help Indian businesses mitigate losses from US tariff hikes. Indian exporters can also proactively explore trade opportunities in markets with India’s new and upcoming FTAs with the UK, the EU, Oman & the Gulf region, and New Zealand to gain market access in new geographies and thus mitigate the risks due to the US Tariffs, the report added.

However, at the same time, in February 2025, India and the U.S. issued a joint statement setting a goal to double bilateral trade to $500 billion by 2030, termed “Mission 500.”

To achieve this, both sides have committed to negotiating a Bilateral Trade Agreement (BTA) by fall 2025, focusing on fair trade terms, market access, reducing trade barriers, and integrating supply chains.

–IANS

sps/vd

*Except for the headings & sub-headings, this story has not been edited by The enewstime.in and has been published from IANS feed.

Related Posts

Gujarat minister reviews emergency preparedness in border districts
National

Gujarat minister reviews emergency preparedness in border districts

May 10, 2025
India-hits-out-at-Islamabad-for-targetting-religious-places
National

New low even for Pakistan: India hits out at Islamabad for targetting religious places

May 9, 2025
Tripura Gramin Bank posts net profit for second successive year
National

Tripura Gramin Bank posts net profit for second successive year

May 9, 2025
Rajasthan CM holds emergency Cabinet meeting amid Indo-Pak border tensions
National

Rajasthan CM holds emergency Cabinet meeting amid Indo-Pak border tensions

May 9, 2025
Arms racket in Kolkata busted, four arrested
National

Arms racket in Kolkata busted, four arrested

May 9, 2025
PM Modi takes stock of 'Operation Sindoor' in huddle with Doval, 3 service chiefs, veterans
National

PM Modi takes stock of 'Operation Sindoor' in huddle with Doval, 3 service chiefs, veterans

May 9, 2025
ADVERTISEMENT
ADVERTISEMENT
D-2050 D-2050 D-2050
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

About us

Enewstime.in is run by an individual – a Journalist by profession of Tripura with the active help of several journos including senior journalists of the State. On top of that, Enewstime.in being a subscriber of IANS news agency, we have plenty of multi-choice topics to offer to our esteemed readers. Enewstime.in is a venture reach global audience from a tiny State Tripura.

Latest News

CAB postpones Bengal Pro T20 League Season 2 due to India-Pakistan conflict

Congress takes out ‘Jai Hind Tiranga Yatra’ in NE to support ‘Operation Sindoor’

Rashmika Mandanna wishes Vijay Deverakonda 'health wealth & peace' as he turns 36

Rabindra Jayanti in Tripura: Legacy of Rabindranath Tagore Celebrated with Music and Dance

Explained: India's abstention during IMF vote on Pakistan loan

After Operation Sindoor, Judea Pearl questions Pak's mourning of terrorists

Contact us

ssss

  • Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use

© 2025 Designed & Developed with ❤️ by Provibe Media LLP

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders

© 2025 Designed & Developed with ❤️ by Provibe Media LLP