trade
Mike Pompeo arrives in New Delhi on Tuesday for talks that are aimed at laying the ground for a meeting between US President Donald Trump and Indian Prime Minister Narendra Modi later in the week at a G20 meeting in Japan. (Photo: File | AP)
Pompeo likely to calm tension with India before expected Trump-Modi talks
21 Jun 2019 10:56 PM

India is embroiled in disputes with United States over tariffs, Indian price caps on imported medical devices, most from the US.

The total duty concessions accruing on account of the GSP were USD 240 million in 2018 which was about 3.8 per cent of the value of India's exports to the US availing GSP benefits in 2018, Commerce and Industry Minister Piyush Goyal said in a written reply to the Rajya Sabha. (Photo: File)
India's exported USD 6.3 bn worth of goods in 2018 under export incentive of US
21 Jun 2019 10:55 PM

The US has rolled back incentives under its Generalised System of Preferences (GSP) programme from June 5.

Obviously, in a situation when the world is seeing trade wars across nations, across continents, India will come in the crossfire. But then its a cross fire which we can handle, Piyush Goyal said during Question Hour in Rajya Sabha..
India well placed to deal with global trade crossfire: Goyal
21 Jun 2019 10:54 PM

At a time when the world is witnessing trade wars across nations, India too will be impacted.

The tough talk capped a week that saw Beijing unveil fresh retaliatory tariffs, US officials accuse China of backtracking on promises made during months of talks.
China's tough rhetoric leaves trade talks with US in limbo
18 May 2019 2:37 PM

CNBC, citing sources, said the trade talks had stalled and the next round of discussions was “in flux.”

While President Trump has tweeted about raising tariffs on China to create additional negotiating leverage, terminating GSP for India would undermine it, the report said. (Representational Image)
GSP countries like India to benefit from US trade war with China: Report
17 May 2019 12:01 PM

Trump announced that US intends to terminate India's designations as a beneficiary country under the GSP programme.


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