India-US Trade Deal: Recently, US President Donald Trump had threatened to impose tariffs of up to 500 percent on countries purchasing crude oil from Russia. India has also been among the major countries buying cheaper crude oil from Russia, due to which New Delhi’s concern had increased after this statement. However, now India has reduced the purchase of oil from Moscow to a great extent and considering the current situation, the threat of imposing 500 percent tariff on India seems to be almost over.

In fact, the biggest reason for this is believed to be the early completion of the long pending trade deal between India and America.

Will India-US trade deal happen soon?

Commerce Secretary Rajesh Aggarwal said on Thursday that talks regarding trade agreement between India and America are continuing. He also clarified that despite high tariffs, India’s exports to America are registering positive growth.

Addressing the press, Aggarwal said that both sides are negotiating a trade agreement and both feel that an agreement in some form or the other is possible. He told that in December last year, an important meeting had also taken place between Commerce and Industry Minister Piyush Goyal and US Trade Representative Jameson Greer through digital medium.

On which issues was the deal stuck?

Talks on trade agreement between India and America have been going on for a long time, but till now it has not reached any concrete result. The main reason for this is that India is not in favor of opening the agriculture and dairy sector to foreign competition. At present America has imposed a total tariff of 50 percent on India.

This includes 25 percent base tariff, while an additional 25 percent tariff has been imposed due to buying cheaper crude oil from Russia. Apart from this, America has also announced to impose 25 percent additional tariff on countries doing business with Iran, which further increased India’s concern.

New hope increased from the statement

However, after the latest statement of the Commerce Secretary, the indication has become clear that the ice between the two countries may melt. In case of agreement on the trade deal, not only will the threat of additional tariffs on India be averted, but the economic relations between the two countries can also get a new strength.

Experts believe that in the current global situation, both India and America do not want to lose each other as strategic and economic partners, hence sealing the trade deal is now only a question of time.

Also read: If Iran sinks due to American attack, India will not be able to escape, New Delhi alert on every action of US

Trade tension between America and China has increased once again. US President Donald Trump has announced to impose 100 percent additional tariff on goods coming from China, which China has strongly condemned, calling it an example of double standards and unfair business conduct. This step of Trump has come in response to the strict control imposed by China on the export of rare-earth minerals.

China has clarified that the controls imposed by it are lawful and it is ready to promote dialogue and cooperation with all countries to maintain the security of global industrial and supply chains. At the same time, America has warned that if the situation does not improve, this month’s scheduled meeting with President Xi Jinping may be cancelled.

China made these allegations against America

China has alleged that since September, America has increased economic pressure on China. A ministry spokesperson said, ‘These steps have seriously harmed China’s interests and seriously affected the environment of trade negotiations between the two countries.’ The Commerce Ministry also said, ‘Threatening higher tariffs at every turn is not the right way to negotiate with China.’

China made this appeal to the Trump administration

China has appealed to the Trump administration to change its trade approach and condemned ‘threats of higher tariffs’. At the same time, the Chinese Ministry warned that if America remains adamant on its wrong policies, China will take concrete steps to protect its legitimate rights and interests.

The Chinese spokesperson further said, ‘China’s position is clear, we do not want a trade war, but we are not afraid of it either. We appeal to America to immediately correct its wrong practices.

Trump imposed 100 percent extra tariff on China

US President Donald Trump imposed 100% extra tariff on China and said that the decision taken by China on rare earth minerals will affect all countries. He called it a moral outrage and said it was part of China’s long-term strategy to dominate world trade. Trump made it clear that America will take unilateral action, no matter what other countries do. He said that from November 1, 2025, America will impose 100% new tariffs on China, which will be different and additional to any tariff currently imposed.

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