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India-US trade News

Joe Biden Indian Visit

08 Sep 2023

India Removes Additional Duty On 12 US Products Ahead Of Biden's Visit For G20

These additional duties were imposed in 2019 in response to America’s decision to increase tariffs on certain steel and aluminium products. India had imposed these duties on 28 US products in 2019.

16 Apr 2023

India-US Trade Rose By 8% In 2022-23, Fell 1.5% With China

Exports to the US rose by 2.81 percent to $78.31 billion in 2022-23 as against $76.18 billion in 2021-22, while imports grew by about 16 percent to $50.24 billion.

20 Feb 2022

India, US in dialogue to boost economic ties

Talking about India's trade, the minister said the country's merchandise exports would cross the USD 400 billion mark in this fiscal. He said that India has increased customs duties on certain products to contain low-quality import of goods and to provide a level-playing field to domestic firms for promoting manufacturing. Talking about revamping the commerce ministry, he said the ministry has engaged BCG for that.

22 Jun 2019

PM Modi's re-election will further deepen US-India ties: State Department

During his visit, Pompeo will meet Prime Minister Modi and his new Indian counterpart External Affairs Minister S Jaishankar.

13 Jun 2019

Mike Pompeo says US open to discuss trade issues with India

Pompeo will embark on a four-nation visit of the Indo-Pacific on June 24. Other than India, he will visit Sri Lanka, Japan and South Korea, concluding his tour on June 30.

27 Jun 2018

Donald Trump accuses India of imposing 100% tariff on imported American goods

"Just remember, we're the bank. We're the bank that everybody wants to steal from and plunder and can't be that way anymore."

India's foreign exchange purchase

18 Oct 2017

Notable increase in foreign exchange purchase by India: US

In its report to the Congress "Foreign Exchange Policies of Major Trading Partners of the United States," the Treasury said India has a significant bilateral goods trade surplus with the US, totalling USD 23 billion over the four quarters through June 2017.

21 Jul 2015

India raises social security, market acess, visa issue with US

India on Tuesday pressed for setting up a high-level committee to look into a range of issues including American Totalisation and non-tariff barrier, as also the Social Security Act that discriminates Indians working in the US.

06 Jun 2015

India-US trade at $103 bn, can reach $500 bn: US envoy

Addressing the Center for Strategic and International Studies, Verma said the goal of $500 billion is achievable.

India economic reforms

04 Jun 2015

Indo-US business poised to grow fivefold: USIBC

The bi-lateral trade between India and the United States is poised to grow fivefold from the current USD100 billion to USD500 billion, a Indo-US business body has said.

India economic reforms

04 Jun 2015

US asks India to consider more steps to facilitate trade

The US has said it is encouraged by the economic reforms being pursued by the Indian government, and appealed to it to consider taking additional steps towards facilitating trade.

21 May 2015

India-US trade would rise to $500 bn: Ambassador

The bilateral trade between India and the US is expected to increase to USD 500 billion from the current USD 100 billion, US Ambassador to India Richard Verma said Thursday.

25 Nov 2014

US industry urge Forman to address barriers in bilateral trade at TPF

Ahead of India-US Trade Policy Forum meeting today, 15 top American business organisations have appealed to the US Trade Representative to address longstanding irritants and barriers in bilateral trade and investment relations.

US Commerce Secretary

31 Jul 2014

US Commerce Secretary hopeful of WTO deal by Thursday

New Delhi has insisted that it wants to see more progress on a parallel pact giving it more freedom to subsidise and stockpile food grains than is allowed under WTO rules.

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