TaxTMI 
TaxTMI 
Studying implications of Trump's tariff; hopeful of trade pact: Govt
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....tudying implications of Trump's tariff; hopeful of trade pact: Govt<BR>Customs & Trade<BR>Dated:- 30-7-2025<BR>PTI<BR>New Delhi, Jul 30 (PTI) The government on Wednesday said it is studying the implications of US President Donald Trump's announcement to impose 25 per cent tariffs on Indian goods, along with a penalty from August 1 and it is still hopeful of concluding a fair, balanced and mutually....
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.... beneficial bilateral trade agreement. The government, an official statement said, will take all necessary steps to secure the country's national interest, as has been the case with other trade agreements, including the latest with the UK. Trump announced the imposition of a 25 per cent tariff on all goods coming from India, plus an unspecified penalty for buying military equipment and crude o....
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....il from Russia. "The Government has taken note of a statement by the US President on bilateral trade. The Government is studying its implications," the statement said. It added that India and the US have been engaged in negotiations on concluding a fair, balanced and mutually beneficial bilateral trade agreement over the last few months. "We remain committed to that objective," the statement....
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.... said. "The government attaches the utmost importance to protecting and promoting the welfare of farmers, entrepreneurs, and MSMEs. The Government will take all steps necessary to secure our national interest, as has been the case with other trade agreements, including the latest comprehensive economic and trade agreement with the UK," it added. The two countries are negotiating a bilateral tr....
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....ade agreement (BTA) from March with an aim to more than double the bilateral trade in goods and services to USD 500 billion by 2030 from the current USD 191 billion. So far five rounds of talks have been completed. For the sixth round of talks, the US team is visiting India from August 25. They are aiming to conclude the first phase of the agreement by fall (September-October) this year. The t....
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....wo sides are also looking at an interim trade deal before the BTA. PTI RR CS RR MR SHW<BR> News - Press release - PIB....