All articles tagged with #india us trade
India's exports to the US have sharply declined by 20% in September and nearly 40% over four months due to Trump's 50% tariffs, impacting labor-intensive sectors and widening India's trade deficit, while negotiations for a trade deal are ongoing.
The article discusses the complex economic relationship between India and the United States, highlighting that while there is a significant trade deficit in goods, their trade in services is nearly balanced and growing, driven by offshore operations and educational exchanges. Tensions over tariffs threaten to impact this mutually beneficial trade, especially in services, which are crucial for both economies' growth.
The US has imposed a 25% tariff on Indian goods, citing India's continued Russian oil imports, escalating tensions and risking significant disruption to Indian exports worth nearly $87 billion, amid stalled trade talks and shifting geopolitical alliances.