Trump rates: India says studying opportunities, 'In Conversations with US Trade Teams' | Today news

While US President Donald Trump’s reciprocal rates on India from Wednesday, April 2, New -Delhi said he was studying the changes in America’s new trade policy and see if opportunities for the country could arise. In a statement, the Ministry of Commerce said he was carefully investigating the implications of the various measures and announcements made by the US administration. “The US President has issued an executive order on reciprocal rates that impose additional Ad-Valorem duties from 10% to 50% on imports of all trading partners. The baseline duty of 10% will be in effect from 05 April 2025, and the remaining country-specific additional Ad dying will be in power from April 2. The US has been made. In view of the vision of Vikksit Bharat, the department is engaged in all stakeholders, including the Indian industry and exporters, and takes feedback from their rates and assesses the department. The department also studies the opportunities. On February 13, 2025, Prime Minister Narendra Modi and Donald Trump launched ‘Mission 500’, with the aim of being more than double bilateral trade by 2030 to $ 500 billion. “As a result, there are a discussion between Indian and US trade teams for the rapid conclusion of a mutually beneficial, multi -expert bilateral trade agreement,” the Commission Department said in the statement today. It covers a wide range of mutual interest issues, including flooring the supply chain integration. “The ongoing discussions are focused on enabling both countries to grow trade, investment and technology transfers. We stay in contact with the Trump administration on these issues and expect to take it forward in the coming days,” the statement added. (With agency input) Catch all the business news, news reports and latest news updates on Live Mint. Download the Mint News app to get daily market updates. Business NewsNewStrump Rates: India says studying opportunities, ‘In Conversations with US Trading Teams’ Less Less