India and the US to hold fast-tracked trade talks in Delhi amid 50% tariff hike on Indian goods

India and the US will meet for trade negotiations in Delhi on Tuesday, only weeks after Donald Trump raised duties on Indian goods, a move that helped push the country’s exports to a nine-month decline in ￰0￱ and the ￰1￱ “fast-track” the discussions, said Rajesh Agarwal, India’s chief negotiator in the commerce ￰2￱ spoke at a briefing held alongside the announcement of the latest trade data, without sharing further ￰3￱ Lynch, the United States trade delegate for South Asia, is scheduled for a one-day trip to New Delhi, according to ￰4￱ numbers showed merchandise exports fell to 35.10 billion ￰5￱ in August from 37.24 billion ￰6￱ in ￰7￱ trade deficit reduced to 26.49 billion ￰8￱ from 27.35 billion ￰9￱ in the prior ￰10￱ imposed an extra 25% duty on Indian products beginning August 27, lifting the total tariff on Indian exports to 50 percent, ranking among the top rates faced by any United States ￰11￱ to the ￰12￱ slipped to 6.86 billion ￰13￱ in August from 8.01 billion ￰14￱ in ￰15￱ the April-August period, India’s shipments to the United States reached 40.39 billion ￰16￱ said the full hit from the higher duties will show up in next month’s figures, since the additional levy took effect toward the end of August.

India’s trade gap declined in August while exporters prepared for the impact of the 50% ￰17￱ to economists in a Bloomberg survey, the deficit was 26.49 billion U. S. dollars, compared to the 24.8 billion ￰18￱ shortfall ￰19￱ followed an eight-month peak of 27.35 billion ￰20￱ in ￰21￱ dropped 10.1 percent year-on-year in August to 61.59 billion U. S.

dollars, while exports totalled 35.1 billion U. S. dollars, up 6.7 percent from a year ￰22￱ August data is the first full set of trade numbers since the United States announced a 25% levy on Indian goods on August 7 and doubled it 20 days later, citing New Delhi’s purchases of Russian ￰23￱ duties rank among the steepest globally and risk eroding the price edge of Indian products against rivals in Bangladesh and Vietnam. However, there were signs of a thaw last week as President Trump and PM Modi agreed to restart trade ￰24￱ advances EU trade talks, plans import substitution strategy India is also pushing ahead with a trade agreement with the European ￰25￱ next phase of negotiation is planned for October ￰26￱ United States is India’s largest export destination, and the new tariff regime is expected to affect labour-intensive categories such as jewelry and ￰27￱ exporters sped up deliveries before the higher duties kicked ￰28￱ to the data, outbound shipments to the ￰29￱ 40.39 billion US dollars from April to August, compared with 34.21 billion US dollars in the same period the previous ￰30￱ cut reliance on imports, the government has marked out around 100 products in which domestic manufacturing could be scaled ￰31￱ say the plan is part of a broader effort to steady trade flows while talks proceed with major partners, including the United States and the European ￰32￱ seen where it ￰33￱ in Cryptopolitan Research and reach crypto’s sharpest investors and builders.