South Korea, US Discuss Chip Investments Amid Tariff Plans 
Jefferies Names 6 Top India Stock Picks Across Key Sectors 
Sara Duterte Posts Bail Over Grave Threats Case 
Yen Rebounds as BOJ Rate Hike Bets Rise 
Russia Eyes Putin-Trump-Xi Trilateral Meeting at China APEC Summit 
China Expands Influence in Global Gold Market 
JPMorgan Sees ECB Raising Rates to 2.75% in December 
Iran Vows Tougher Response as U.S. Sanctions Squeeze Economy 
U.S. Issues Cuba Health Alert as Illnesses Rise 
AfD Eyes Historic Win in Saxony-Anhalt Election 
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
Costa Rica President Backs Potential US Ground Operations 
Japan, US Target AI and Chips in $550 Billion Investment Push 
Israeli Strikes Kill Four in Gaza, Including Two Children 
Trump’s Arlington Arch Project Faces New Court Restrictions 
Trump Peace Envoys Meet Zelenskiy in Kyiv After Putin Talks 
Add as a preferred source on Google
India said it will continue negotiations with the United States to finalize a bilateral trade agreement after the Trump administration imposed a new 10% tariff on Indian imports under its latest trade measures.
The new tariff, announced on Friday, is part of Washington’s decision to apply duties ranging from 10% to 12.5% on imports from 60 trading partners. The U.S. said the move targets countries it claims have failed to prevent the import of goods produced with forced labor.
According to India’s Ministry of Commerce and Industry, the 10% tariff is lower than the 12.5% duty proposed in June. The ministry also noted that several major export categories, including generic pharmaceuticals, smartphones, steel, aluminum, and auto parts, are exempt from the new measure.
India emphasized that it remains committed to strengthening economic ties with the United States and will continue discussions on sector-specific concerns, including textiles, as part of the broader bilateral trade agreement negotiations.
“The government remains committed to working with the United States towards the early conclusion of the India-U.S. Bilateral Trade Agreement,” the commerce ministry said in its statement.
The ministry estimated that around 45% of India’s exports to the U.S. will remain unaffected because they fall under exempt product categories. The remaining 55% of exports will be subject to the newly imposed 10% tariff.
The latest duty will be applied in addition to the existing U.S. most-favored-nation (MFN) tariff rates, increasing the cost of affected Indian goods entering the American market.
India and the United States have been negotiating a trade pact since last year to expand bilateral trade, improve market access, and resolve long-standing commercial issues. Despite the new tariffs, New Delhi signaled that talks will continue, reflecting both countries’ interest in reaching a comprehensive trade agreement while addressing sector-specific challenges.
