Commerce ministry also looking at opportunities arising from new US trade policy
GN Bureau | April 3, 2025
As US president Donald Trump on April 2 issued an Executive Order on Reciprocal Tariffs imposing additional ad-valorem duties ranging from 10% to 50% on imports from all trading partners, India said it was “carefully examining the implications” of the announcement.
After Trump’s new announcement, the baseline duty of 10% will be effective from April 5 and the remaining country specific additional ad-valorem duty will be effective from April 9. The additional duty on India as per the Annex I of the Executive Order is 27%.
The Department of Commerce, in a media statement on Thursday, said it was “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. The Department is also studying the opportunities that may arise due to this new development in the US trade policy,” the statement said.
It added that prime minister Narendra Modi and president Donald Trump had announced on February 13 a ‘Mission 500’ – aiming to more than double the bilateral trade to US $500 billion by 2030. Accordingly, discussions were going on between Indian and US trade teams for the expeditious conclusion of a mutually beneficial, multi-sectoral Bilateral Trade Agreement. These cover a wide range of issues of mutual interest including deepening supply chain integration. “The ongoing talks are focused on enabling both nations to grow trade, investments and technology transfers. We remain in touch with the Trump Administration on these issues and expect to take them forward in the coming days.”
India said it values its Comprehensive Global Strategic Partnership with the US and is committed to working closely with the US to implement the India-US ‘Catalysing Opportunities for Military Partnership, Accelerated Commerce & Technology’ (COMPACT) for the 21st century to ensure that our trade ties remain a pillar of mutual prosperity and drive transformative change for the benefit of the people of India and the US.
Animal welfare requires as much a structured policy approach as do other sectors in India. Conflict that exists today is due to lack of an integrated policy approach which in turn exacerbates the conflict and instigates public health crises. The Indian Constitution already recognises the importance of anim
In this era of AI and classrooms filled with students glued to their cellphones, there is a need to focus on redirecting, but not eliminating, the distraction. While there is no doubt that we need to go back to the older ways of teaching such as taking oral viva exams, practicing ‘sthithprajana&rsquo
Four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 have come into effect , rationalising 29 existing labour laws. By modernising labour regulations, enhancing workers` welf
In the world of science fiction, the cyborg, a hybrid of human and machine, often evokes fascination and fear. However, American scholar Donna Haraway conceptualises cyborg as more than a futuristic body; it is a philosophical lens, a way of thinking about identity, agency, and responsibility in a world wh
When we talk about criminal justice in India, most people think about the final verdict — whether someone is found guilty or innocent. But for many ordinary Indians, punishment is not in the verdict, but in the process itself. The waiting, the uncertainty, the endless hearings, and the years spent be
Every winter, as air pollution shrouds Indian cities from Delhi to Kolkata, public debate converges on the costs: the crores spent on air purifiers, water sprinklers and stubble management, the outlay for waste treatment plants and new green technology. Environmental clean-up is framed as a fiscal burden,
