India Us Trade

JPMorgan CEO Jamie Dimon emphasized the bank's commitment to India, citing economic growth and strong ties with US. He advocated for dialogue over potential tariffs on Indian oil purchases amidst geopolitical tensions, highlighting the importance of the India-US relationship.

Piyush Goyal said the first tranche of the bilateral trade agreement is finalized, but implementation depends on Washington ensuring Indian exporters retain a competitive position against rival economies.

Indian stock market: For the week, the Sensex rose 0.39% to close at 77,100.47, while the Nifty added 0.18% to end at 24,056. While some of the global triggers continue this week, read on to know what are the fresh factors to watch out for this week.

India-US trade deal: Union Commerce and Industry Minister Piyush Goyal says India is keenly awaiting the kind of tariffs that will ultimately be imposed under Section 301.

The United States is proposing a fresh wave of tariffs targeting dozens of countries, including India, over concerns linked to forced labour in global supply chains. The move, led by the Office of the United States Trade Representative, could impose an additional 12.5% duty on Indian exports. According to U.S. Trade Representative Jamieson Greer, weak enforcement of forced labour bans by key trading partners is distorting fair competition and disadvantaging American businesses.

India and United States have begun crucial trade talks in New Delhi, aiming to finalise an interim deal. Negotiations will focus on tariffs, market access and a broader bilateral trade agreement. The outcome could reshape economic ties as both sides navigate shifting global trade dynamics.

Indian exporters are racing to recover millions paid under tariffs imposed during Donald Trump’s administration after a US Supreme Court ruling declared them illegal. But fresh legal challenges are clouding refund timelines, leaving companies uncertain over when—or if—their money will be returned.

The upcoming negotiations follow a high-profile visit by US Secretary of State Marco Rubio, as both nations look to cement an interim deal and strengthen supply chain ties.