India’s Exports to US Up 16.9%, Imports Slide in May

By BPN News Desk June 17, 2025

Business Trade

India’s merchandise exports to the United States rose sharply in May, increasing by 16.9% year-on-year to $8.83 billion, while imports from the US declined by 5.8% to $3.62 billion. This dynamic helped narrow India’s overall trade deficit for the month. India–US Trade During April and

Business Trade

India Pushes Back on US “Take-It-Or-Leave-It” Trade Demands

By BPN News Desk June 11, 2025

India has firmly rejected Washington’s “take-it-or-leave-it” trade demands, especially those seeking access to highly sensitive sectors such as agriculture, dairy, digital services, and medical devices. This assertive stance was conveyed during a recent round of trade talks held from June 4 to June 10, as the deadline for a 90-day tariff truce between the

International

US Trade Deficit Falls to $61.6 Billion Amid Sharp Import Drop

By BPN News Desk June 6, 2025

The United States recorded a significant decline in its trade deficit for April 2025, falling to $61.6 billion from March’s steep $138.3 billion. This marks a sharp 55.5% drop, the largest monthly improvement in over a decade, and brings the deficit to its lowest point since September 2023. The primary factor behind this turnaround was […]

International

Trump Claims India Offered Zero-Tariff Trade Deal

By BPN News Desk May 15, 2025

U.S. President Donald Trump has made a striking claim during a business event in Doha, stating that India has offered to eliminate tariffs entirely on American goods as part of a potential trade agreement. The assertion comes at a time when both countries are actively exploring options to recalibrate their trade relationship and resolve ongoing […]

International

India Proposes Retaliatory Tariffs on U.S. Steel, Aluminium Duties

By BPN News Desk May 13, 2025

India has formally proposed retaliatory tariffs on select U.S. products in response to Washington’s continued imposition of additional duties on steel and aluminium imports. The proposal was notified to the World Trade Organization (WTO) and marks a significant escalation in India’s trade posture against what it terms unjustified protectionist measures. The U.S. had

Business Trade

India Eyes US Precious Metal Imports to Narrow Trade Gap

By BPN News Desk April 12, 2025

In a strategic effort to reduce its widening trade deficit with the United States, India is exploring the possibility of importing high-value commodities such as gold, silver, platinum, and precious stones from the American market. This move is aimed at narrowing the trade gap that stood at $34.75 billion between April 2024 and February 2025. […]

International

India and U.S. Engage in Talks Amid Tariff Dispute

By BPN News Desk March 21, 2025

India and the United States are currently engaged in discussions to establish a structured framework to resolve ongoing tariff tensions. The talks come amid growing concerns from both sides regarding trade imbalances and rising import duties, especially as the U.S. signals the possibility of imposing retaliatory tariffs. India, U.S. Explore Trade Agreement Framework

International

Piyush Goyal Meets US Trade Representative Amid Tariff Concerns

By BPN News Desk March 15, 2025

Commerce and Industry Minister Piyush Goyal recently held discussions with US Trade Representative officials to emphasize India’s economic priorities and highlight the country’s “India-first” approach to trade. The meeting took place amid growing concerns over potential tariff hikes on Indian exports under President Donald Trump’s administration. India

International

India Should Reassess Trade Talks with US, Says GTRI

By BPN News Desk March 8, 2025

The Global Trade Research Initiative (GTRI) has advised India to reconsider its ongoing trade negotiations with the United States. According to GTRI, the US exerts excessive pressure on India to make trade concessions that could impact the country’s economic and strategic interests. “India should withdraw from all negotiations with the US and engage with them

International

India Proposes ‘Zero-for-Zero’ Tariff Strategy to US

By BPN News Desk February 22, 2025

The Global Trade Research Initiative (GTRI), an economic think tank, has recommended that India propose a ‘zero-for-zero’ tariff strategy to the United States. This approach involves both nations mutually eliminating tariffs on industrial goods, aiming to counteract potential reciprocal tariff hikes proposed by the US. GTRI suggests that this strategy would be