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Featured News
'I understand that India will reduce tariffs', says Trump as New Delhi, US set to formally begin trade negotiations
US President Trump announced India's intent to lower tariffs on certain goods, amidst ongoing trade discussions. Formal trade negotiations between India and the US are set to commence in Washington, focusing on resolving trade barriers and boosting economic cooperation. The US Trade Representative aims to increase market access and reduce tariffs.
US tariffs could shave up to half a percentage point off India GDP, says finance secretary
India's Finance Secretary Ajay Seth indicated that tariffs imposed by the Trump administration could reduce India's GDP growth by 0.2-0.5 percentage points. While projecting a current growth rate of 6.5%, Seth expressed concerns about trade-related global slowdown. He also mentioned ongoing trade negotiations with the U.S. aiming for a potential 7% growth rate in the next decade.
