India needs to be careful after US-Vietnam deal: Experts
trade experts
say.
As per the new trade pact announced by President
Donald Trump
, the US will impose a flat 20% tariff, besides a 40%
tariff on transshipped goods
from Vietnam.
Beyond a deviation from the previous commitments under the 2000 US-Vietnam
Bilateral Trade Agreement
(BTA), where Vietnamese goods were subject to 2-10% tariffs, the new deal seeks to tax transshipped goods, which differs from the rules of origin on which tariffs or duty concessions are based.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Ултрапреносими 2-в-1 таблети - 50% отстъпка в последния ден
LYH
Купете сега
Undo
"The terms are that Vietnam will pay the United States a 20% tariff on any and all goods sent into our territory, and a 40% tariff on any transshipping," Trump said in a post on X.
"India needs to be cautious as these transshipment tariffs could be a different form of 'rules of origin', which could have a detrimental impact on our pharmaceutical and electronics exports where the import component is high," said trade expert Biswajit Dhar.
Live Events
Indian trade negotiators are in the US since last week to thrash out a deal before the July 9 deadline for an interim deal to avoid US reciprocal tariffs, but India has hardened its stance to protect its sensitivities.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
21 minutes ago
- Time of India
Aquarius Daily Health Horoscope Today, July 06, 2025: New connections bring valuable insights
Today is a great day to meet new people and build connections. These new relationships can offer fresh ideas and useful perspectives that will help you grow. Be open and curious in your interactions. Listening carefully will bring valuable insights. Your social skills are strong now, so use them to expand your network. These connections might bring unexpected benefits in many areas of your life. Aquarius Health Horoscope Today Your health looks good today if you stay active and eat well. Try to include some physical activity in your routine, like walking or light exercises. Avoid skipping meals and drink plenty of water. A balanced lifestyle will help you maintain energy and avoid stress. Aquarius Wellness Horoscope Today Wellness today focuses on mental clarity. Engaging with new people will stimulate your mind and refresh your emotions. Meditation or deep breathing exercises will help balance your energy. Stay positive and avoid overthinking. Emotional well-being will improve when you embrace new ideas and connections. Aquarius Love Horoscope Today In love, new interactions can bring exciting possibilities. Be open to meeting different kinds of people. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Secure Your Child's Future with Strong English Fluency Planet Spark Learn More Undo If you are in a relationship, sharing new experiences with your partner will deepen your bond. Honest and friendly communication will strengthen your connection. Your charm and openness will attract positive attention in your love life today. Aquarius Career Horoscope Today Career wise, new contacts and ideas will help you move forward. Networking can open doors to fresh opportunities and collaborations. Stay open to learning from others and share your knowledge too. Your innovative thinking will impress colleagues and seniors. Embrace teamwork and be proactive to make the most of these connections. Aquarius Money Horoscope Today Financially, today is favorable for exploring new opportunities. You might discover helpful advice or profitable ideas through your network. Be confident to try new approaches or investments, but stay sensible. Positive thinking and openness to learning will attract financial growth. Use your connections wisely to improve your money situation. Aquarius Affirmation Today: New connections bring growth and fresh opportunities to me. Discover everything about astrology at the Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces .
Time of India
22 minutes ago
- Time of India
Homegrown Goods More Shelf Assured Abroad
Live Events Smartphones may have sizzled their way to become the country's largest exported goods in the last fiscal year, but India-made daily use consumer goods such as biscuits, noodles, packaged gram flour, soaps and shampoos are also rapidly making inroads into global fast-moving consumer goods companies like Hindustan Unilever (HUL), ITC, Marico, Godrej Consumer Products, Dabur and AWL Agri Business (formerly Adani Wilmar) have reported faster growth in their export revenue compared with local sales in the past two fiscal years. While international business accounts for only 3% of the turnover for some like HUL due to their very large domestic operations, it brings more than 20% of the revenue for companies such as Dabur, Emami and Marico. Unilever India Exports Ltd, HUL's wholly owned subsidiary for exports to other Unilever companies globally, posted an 8% increase in sales at Rs 1,258 crore in the last financial year ended March 31, according to HUL's annual report. Its net profit rose 14% to Rs 91 crore. HUL's total sales, meanwhile, grew at a tepid pace of 2%, weighed by weak domestic company attributed the export growth to products in skin care, lifestyle nutrition, hair care and personal wash, driven by brands like Dove, Horlicks, Vaseline, Pears, Bru, Sunsilk, Glow and Lovely, Pond's, Lakme and Lifebuoy. It's not just basmati rice, traditionally a top commodity for exports from India, which is in high demand, said Angshu Mallick, chief executive at AWL Agri Business, India's largest packaged edible oil company. Mustard and sunflower oil, atta, besan (gram flour), soya nuggets and poha (flattened rice) all are seeing strong demand in foreign markets, he said.'We are just scratching the surface. The proliferation of Indian restaurants and popularity of Indian cuisines in the West is driving the exports. And it's not just the Indian diaspora but even the local people (in foreign markets) are buying these,' said Mallick, predicting that exports could rise 50-80% this fiscal demand is strong, a push from the government through export-focussed programmes like production-linked incentive schemes (PLI) for the food processing industry and millet-based products are also helping boost shipments, industry executives said. The government in December said it had selected 73 companies for benefits under the PLI scheme for marketing Indian-branded food products in global said in its latest annual report that its branded export business grew threefold in the past three years to cross ₹250 crore in FY25. Godrej Consumer Products said in an investor presentation that the operating margin of its international business expanded to 17% in FY25 from 10% two years told analysts recently that its export business is scaling up fast and it posted 14% growth in constant currency terms (excluding the impact of currency movements) in FY25, compared with overall growth of 12%. At Dabur, exports grew 17% against a 1.3% expansion in consolidated revenue. ITC Ltd said in its latest annual report that the company is seeing 'green shoots' in exports of biscuits, noodles and snacks while its Aashirvaad Atta is already the market leader in several countries. 'ITC is also exploring strategic opportunities in proximal markets as a potential vector of growth going forward,' it a bulk of ITC's foreign exchange earnings from export is still driven by agri-commodities — export revenue rose 7% to ₹7,708 crore in FY25 — its FMCG export is set to become the next growth driver. The firm said its FMCG products are now sold in over 70 countries. Exports of other consumer goods from apparel, jewellery and consumer electronics to automobiles have also grown last fiscal year.
Time of India
22 minutes ago
- Time of India
Telangana to put up long-vacant Rajiv Swagruha flats for sale, expects to raise Rs 1,000 crore
The Telangana government is selling Rajiv Swagruha Corporation flats in Bandlaguda, Pocharam, and Gajularamaram to generate over ₹1,000 crore, offering affordable housing built 15 years ago. With prices ranging from ₹2,500 to ₹4,000 per sq ft, allotment will be decided by a draw. HYDERABAD: As the real estate market in and around the city picks up, the state govt has put the Rajiv Swagruha Corporation flats in Bandlaguda, Pocharam and Gajularamaram townships up for sale, expecting to raise over ₹1,000 crore. As many as 159 flats in Sahabhavana township in Bandlaguda, 601 flats in Sadbhavana township in Pocharam and 418 flats in unfinished 9- to 14-storey towers - all of which are located within Medchal-Malkajgiri district - were put up for sale. Interested parties must submit their applications, with allotment to be decided by a draw on July 30, Aug 1, 2 and 20, if there are multiple bids for each property. For details, people and builders can visit You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad These flats and towers were built 15 years ago, but many remained unsold and have now been put up for sale. The flats range in size from 520 sq ft to over 1,600 sq ft, with an upfront price ranging from 2,500 to 4,000 per sq ft. These constructions were undertaken with the objective of offering affordable housing to the middle classes in urban areas and on the outskirts of cities under the Rajiv Swagruha scheme. However, hundreds of flats and thousands of plots remained unsold during the last six phases of the auction since the scheme was launched in 2007 in the combined state. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo Having already raised ₹142.78 crore from the sale of 18 open plots in Phase-7 of Kukatpally Housing Board Colony, which saw one plot fetch a record 2.98 lakh per sq yd, and earning 65.02 crore through the auction of open plots and flats in Gachibowli, Chintal, and Nizampet, the Housing Board has now notified a fresh auction of its commercial plots-KPHB commercial plots, and Nampally commercial plot. Telangana Housing Board Vice-Chairman V OP Gautham said all sales will be conducted through a transparent e-auction process, ensuring a level playing field for all bidders. The final e-auction is scheduled for July 30. Interested parties can also visit They can also reach out to the Office of the Vice-Chairman.
