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The Hindu
37 minutes ago
- The Hindu
Corrections and Clarifications — July 16, 2025
Akasa has Boeing 737s and not 787s as mentioned in the front page report, 'DGCA orders Boeing fuel switch inspection' (July 15, 2025). Due to an editing error, the incumbent U.S. President Donald Trump was referred to as former President in a report, 'Ahead of Monsoon Session, Congress to hold strategy meet to discuss key issues' ('News page', July 14, 2025).
Time of India
39 minutes ago
- Time of India
‘Going to have access into..': Donald Trump shares update on India-US trade deal after Indonesia tariff agreement; says 'working on same line...'
Trump administration is reportedly mulling a trade deal in which India will likely face tariffs of less than 20%. India-US trade deal: US President Donald Trump on Tuesday said that America is working on a deal with India which gives greater access to Indian markets. Trump's comments came on the back of a trade deal announcement with Indonesia, after which the latter will face a reduced tariff rate of 19%. Talking about the deal with Indonesia, Trump said the US is working on similar lines for an agreement with India. 'We made a deal with Indonesia. I spoke to their really great we made the deal. We have full access to Indonesia, everything. As you know, Indonesia is very strong on copper, but we have full access to everything. We will pay no tariffs. They are giving us access into Indonesia, which we never had. That's probably the biggest part of the is basically working along that same line.' Also Read | Trump tariff war: Deal or no deal - why it won't matter much for India 'We're going to have access into India. You have to understand, we had no access to any of these countries. Our people couldn't go in and now we're getting access because of what we're doing with the tariffs…,' Trump said. India-US trade deal: What's the latest? Trump's comments on increased access to Indian markets comes at a time when a team of India's commerce ministry officials are in the US for trade deal talks. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologists Recommend: Eat 1 Teaspoon Tonight – Wake Up With a Flatter Stomach Hollywood News | USA Click Here Undo The officials arrived in the US on Monday and India's chief negotiator Rajesh Agarwal is expected to reach Washington later this week. Meanwhile, Commerce Minister Piyush Goyal has said that India-US trade deal talks are progressing at a 'fast pace'. "Negotiations are going on at a very fast pace and in the spirit of mutual cooperation so that we can come out with a win-win trade complementing agreement with the United States," Goyal said. Last week a Bloomberg report said that the Trump administration is mulling a trade deal in which India will likely face tariffs of less than 20%, down from the 26% announced by Trump in April this year. Also Read | India-US trade deal: Why Indian importers are delaying customs clearance of American dry fruit; 'opting to pay penalty because…' Donald Trump has set a fresh deadline of August 1, 2025 for reciprocal tariffs to be effective. Since last week he has been sending tariff letters to various US trading partners. Over 20 countries have received a tariff letter so far. India has not received any tariff letter from the US, possibly due to ongoing trade negotiations between the countries. Last week Trump had indicated that the US is nearing a trade deal with India. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India Today
an hour ago
- India Today
Trump strikes trade deal with Indonesia, imposes 19% tariff on goods
US President Donald Trump announced on Tuesday a new trade deal with Indonesia that includes a 19 per cent tariff on all Indonesian goods entering the United States, while offering US exports full access to the Indonesian market, free of tariffs and other deal, finalised just ahead of an August 1 tariff hike deadline, is part of Trump's broader push to reshape US trade relationships and reduce the nation's sizeable trade Indonesia is not among the top 15 US trading partners, bilateral trade totaled nearly USD 40 billion in 2024 and has been steadily growing. Under the terms of the new deal, Indonesia has committed to purchasing USD 15 billion in US energy, USD 4.5 billion in American agricultural products, and 50 Boeing jets, many of them long-haul 777s. Trump touted the deal as a major win for US farmers, ranchers, and exporters, claiming it would provide "complete and total access" to Indonesia's 280 million-strong consumer market- a market that had previously been limited by high trade barriers. The average applied tariff rate in Indonesia, while officially listed at 37.1 per cent, was effectively around 5.7 per cent in 2024, according to World Trade Organization a Truth Social post Tuesday, Trump described the Indonesia agreement as a 'landmark Deal': Thank you to the People of Indonesia for your friendship and commitment to balancing our Trade Deficit. We will keep DELIVERING for the American People, and the People of Indonesia!'Outside the Oval Office, Trump emphasised the imbalance the new deal aims to correct: 'They are going to pay 19 per cent and we are going to pay nothing we will have full access into Indonesia, and we have a couple of those deals that are going to be announced.'Indonesia had previously faced the threat of a 32 per cent blanket tariff set to take effect August 1, part of a broader tariff ultimatum Trump issued in letters to over two dozen countries this month, including Japan, Canada, Brazil, and India. The letters threatened new tariffs ranging from 20 per cent to 50 per cent unless agreements were reached to reduce trade imbalances.- EndsTune InMust Watch
