Quotes
The tariffs slapped on India are definitely both high and higher than expected, which will hurt demand for our exports,
Ajay Sahai, director general of the Federation of Indian Export Organisations, told AFP
Asia has been hit much more than India on tariffs,
said Madhavi Arora, chief economist at Emkay Global Financial ServicesMany countries which we compete with globally, including China, Indonesia, and Vietnam etc, have been hit harder than us,
he saidThe negotiations cover a wide array of issues, such as supply chain integration, investment enhancement, and technology transfers,
the statement added
Discussions are ongoing between Indian and US trade teams for the expeditious conclusion of a mutually beneficial, multi-sectoral Bilateral Trade Agreement,
the statement saidChina is sitting on 4,000 square kilometres of our territory. I was shocked some time back to see that our foreign secretary (Vikram Misri) was cutting a cake with the Chinese ambassador. The question is -- what exactly is happening to this territory of 4,000 sq km that China has taken
the former Congress president asked, according to PTI
Our ally has suddenly decided to impose a 26 per cent tariff, which is going to completely devastate our economy – our auto industry, pharmaceutical industry, and agriculture are all in line,
Rahul Gandhi said
Someone once asked Indira Gandhi ji in the matter of foreign policy whether she leans left or right
Further, contrasting Congress' stance with the BJP and the RSS, Gandhi saidThe key concerns around price increase for the generic medicines in the US, drug shortages, rationalization from low-margin products, and supply chain disruption are temporarily alleviated, for now. However, pharmaceutical products may become subject to duties under future actions pursuant to the Trade Expansion Act of 1962
It said
The Department is also studying the opportunities that may arise due to this new development in the US trade policy,
the ministry addedThe baseline duty of 10% will be effective from April 05, 2025 and the remaining country specific additional ad-valorem duty will be effective from April 09, 2025. The additional duty on India as per the Annex I of the Executive Order is 27%,
the statement addedWe are carefully examining the implications of the various measures /announcements made by the President of the USA. Keeping in view the vision of Viksit Bharat, the Department is engaged with all stakeholders, including Indian industry and exporters, taking feedback of their assessment of the tariffs and assessing the situation,
ANI quoted the ministry of commerce and industry as sayingUS President issued an Executive Order on Reciprocal Tariffs imposing additional ad-valorem duties ranging from 10% to 50% on imports from all trading partners,
the ministry saidFor Donald Trump, it's America First, and for Modi ji, it's India First. We will analyse it first, then assess its impact and see how to deal with it."
Talking to reporters in the national capital, New Delhi, Union Minister of State for Finance Chaudhary said
Overall, the new policy imposes heavier duties on imports in order to rebalance trade, promote US manufacturing, and reduce reliance on foreign supply chains. The actual tariff a country faces depends on what it is exporting and how its trade practices align with US economic and national security interests,
Srivastava notedThe semiconductor space, while still dominated by technologically advanced players like Taiwan, also offers potential for India to capture parts of the value chain such as packaging, testing, and lower-end chip manufacturing,
he saidGoods from India face a 25 per cent tariff on steel, aluminium, and auto-related goods, and no tariffs on pharmaceuticals, semiconductors, copper, or energy products. For the remaining products, India is subject to a reciprocal tariff of 27 per cent,
he saidOne of the most prominent areas of opportunity lies in textiles and garments. The high tariffs on Chinese and Bangladeshi exports create room for Indian textile manufacturers to gain market share, attract relocated production, and increase exports to the U.S."
Srivastava saidWhen two leaders (Prime Minister Narendra Modi and President Donald Trump) have agreed to sign a BTA by the fall of 2025, aiming to take bilateral trade from $200 billion to $500 billion in five years, when a BTA framework is already on a fast-track mechanism and when bilateral engagements are well entrenched, any immediate reaction is unwarranted,
HT reported on Thursday quoting an unnamed government officialWith 27% effective reciprocal tariff imposed on India, practically, India has over 54-79% advantage China. Similarly, we have significant advantage over Vietnam and Bangladesh for textiles exports. These are some extremely positive factors of the Trump’s tariff move,
one of them said