India, steel and Trump
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By Bharath Rajeswaran (Reuters) -Indian equity benchmarks fell on Monday, as losses in information technology and metals stocks on U.S. tariff-related uncertainty outweighed optimism from stronger-than-expected domestic growth.
India and the US are accelerating negotiations to conclude an interim trade agreement by late June, aiming to avoid new 26 per cent US tariffs on Indian exports and seeking a full rollback of April 2 tariff hikes.
The United States has rejected New Delhi’s WTO notice dated 9 May, which proposed the suspension of concessions in response to steep import tariffs on steel and aluminium.
The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland.When asked if India would have similar arrangement in the proposed trade pact with the 27-nation bloc EU, he said: "The member countries are large investors in india, so we may not go that ground in our FTA with EU."
India to raise concerns on US tariffs at upcoming trade meeting in New Delhi, seeking exemptions and resolution.
Apple and India have invested years and billions of dollars in teaming up against China. India sees it as a strength. To President Trump, it looks like leverage.
GTRI advises India to address Trump's new steel and aluminium tariffs within the ongoing FTA talks with the US. This approach aims to persuade the US
India formally notified the World Trade Organisation (WTO) that it could withdraw concessions extended to the US in response to a 25 percent tariff imposed by Washington on steel and aluminium imports,