Indian exports to the United States have shown signs of recovery in October after a four-month slump, signalling an easing of the tariff shock as the 50 per cent levies imposed by President Trump in May are still in place. The exports to the US stood at $6.3 billion in October, showing a 14.5 per cent jump from September, marking the first monthly surge since May. However, the exports remain 8.5 per cent less compared to $6.9 billion recorded in October 2024.&nbsp;The improved data came as Indian state-run oil firms agreed to import more liquefied petroleum gas (LPG) from the US, and Trump exempted many farm goods from reciprocal tariffs that could benefit India.&nbsp;Also Read:<a href="https://www.wionews.com/world/elon-musk-calls-jeff-bezos-a-copycat-after-amazon-founder-launched-6-2b-ai-startup-prometheus-1763445449642"> Elon Musk calls Jeff Bezos a ‘copycat’ after Amazon founder launches $6.2B AI startup 'Prometheus'</a>&nbsp;Trade deal negotiations between the two countries are underway, with an Indian official saying that key aspects of the deal were nearing closure.&nbsp;The jump in India's exports to the US came at a time when India's overall exports fell 11.8 per cent year-on-year in October, with only five of its top markets reporting any growth. Only Spain, China, Hong Kong, Brazil, and Belgium registered year-on-year growth in October.&nbsp;On the other hand, 15 of the top export destinations recorded a year-on-year decline, including exports to Singapore plunging a sharp 54.9 per cent, and Australia dropping 52.4 per cent. Shipment to the UK, Italy, the Netherlands and France also recorded a double-digit decline, flagging a drop in global demands, according to a GTRI report released on Monday.&nbsp;Also Read: <a href="https://www.wionews.com/business-economy/warren-buffett-invests-4-3-billion-in-alphabet-inc-as-google-parent-stock-dances-to-new-highs-1763361155203">Warren Buffett invests $4.3 billion in Alphabet Inc as Google parent stock dances to new highs</a>&nbsp;The report suggests, the October surge in exports to the US offers temporary relief but does not reverse the overall trend. India's US-bound shipments have shrunk around 28.8 per cent from May, when the tariffs came into effect, to October, causing more than $ 2.5 billion decrease in monthly export value during the period.&nbsp;

India on Monday said that it had concluded a first-ever major deal that will see its state-run oil companies sourcing some 10% of the country's annual LPG needs from the US.


Indian exports to the United States have shown signs of recovery in October after a four-month slump, signalling an easing of the tariff shock as the 50 per cent levies imposed by President Trump in May are still in place. The exports to the US stood at $6.3 billion in October, showing a 14.5 per cent jump from September, marking the first monthly surge since May. However, the exports remain 8.5 per cent less compared to $6.9 billion recorded in October 2024. The improved data came as Indian state-run oil firms agreed to import more liquefied petroleum gas (LPG) from the US, and Trump exempted many farm goods from reciprocal tariffs that could benefit India. Also Read: Elon Musk calls Jeff Bezos a ‘copycat’ after Amazon founder launches $6.2B AI startup 'Prometheus' Trade deal negotiations between the two countries are underway, with an Indian official saying that key aspects of the deal were nearing closure. The jump in India's exports to the US came at a time when India's overall exports fell 11.8 per cent year-on-year in October, with only five of its top markets reporting any growth. Only Spain, China, Hong Kong, Brazil, and Belgium registered year-on-year growth in October. On the other hand, 15 of the top export destinations recorded a year-on-year decline, including exports to Singapore plunging a sharp 54.9 per cent, and Australia dropping 52.4 per cent. Shipment to the UK, Italy, the Netherlands and France also recorded a double-digit decline, flagging a drop in global demands, according to a GTRI report released on Monday. Also Read: Warren Buffett invests $4.3 billion in Alphabet Inc as Google parent stock dances to new highs The report suggests, the October surge in exports to the US offers temporary relief but does not reverse the overall trend. India's US-bound shipments have shrunk around 28.8 per cent from May, when the tariffs came into effect, to October, causing more than $ 2.5 billion decrease in monthly export value during the period.

India on Monday said that it had concluded a first-ever major deal that will see its state-run oil companies sourcing some 10% of the country's annual LPG needs from the US. &nbsp;

Exports to US bounce back in October, ending India’s four-month dip after Trump tariff shock

A planned round of US-India trade talks scheduled for August 25–29 in New Delhi has been called off, according to a PTI report citing a source with direct knowledge. The development delays negotiations on a proposed bilateral trade agreement and dims hopes of relief from fresh US tariffs set to hit Indian exports later this month.<h2>What happened?</h2>The meetings were expected to bring negotiators from the United States Trade Representative (USTR) to New Delhi for discussions on reducing trade frictions. But the visit has now been scrapped, PTI reported, with the next round of talks yet to be rescheduled.&nbsp;The US embassy in New Delhi said it had no additional information on the matter, while India’s Commerce Ministry did not immediately respond to a Reuters request for comment.<h2>What did the US do?&nbsp;</h2>Earlier this month, US President Donald Trump imposed an additional 25 per cent tariff on Indian goods, citing India’s continued imports of Russian oil. The new duties, coming into effect on August 27, will raise tariffs on some Indian exports to as high as 50 per cent, among the steepest levies imposed on any US trading partner.&nbsp;Washington’s move escalated trade tensions sharply, with New Delhi accusing the US of unfairly targeting it while Europe and America themselves continue to buy Russian products, as India’s Foreign Ministry has repeatedly pointed out.<h2>Why the talks collapsed?</h2>Trade negotiations between the two sides have already faced turbulence. According to Reuters, five previous rounds ended without progress, largely over Washington’s demands to open India’s farm and dairy markets and to curb purchases of Russian oil.&nbsp;The collapse of the August round leaves businesses and policymakers bracing for a more protracted standoff. As per PTI, the delay not only pushes back hopes of a trade pact but also means Indian exporters will soon face higher tariffs without clarity on when talks might resume.<h2>What this means?</h2>With tariffs of up to 50 per cent looming, Indian exporters could see reduced competitiveness in the US market, especially in labour-intensive sectors like textiles, engineering goods and some agricultural products. For Washington, the stalled talks underline the difficulty of balancing its Russia containment strategy with its need to strengthen ties with India, a key partner in the Indo-Pacific.&nbsp;(With inputs from the agencies)&nbsp;

The standoff highlights the challenge for Washington in balancing its Russia containment strategy with its broader Indo-Pacific partnership goals.

A planned round of US-India trade talks scheduled for August 25–29 in New Delhi has been called off, according to a PTI report citing a source with direct knowledge. The development delays negotiations on a proposed bilateral trade agreement and dims hopes of relief from fresh US tariffs set to hit Indian exports later this month. What happened? The meetings were expected to bring negotiators from the United States Trade Representative (USTR) to New Delhi for discussions on reducing trade frictions. But the visit has now been scrapped, PTI reported, with the next round of talks yet to be rescheduled. The US embassy in New Delhi said it had no additional information on the matter, while India’s Commerce Ministry did not immediately respond to a Reuters request for comment. What did the US do? Earlier this month, US President Donald Trump imposed an additional 25 per cent tariff on Indian goods, citing India’s continued imports of Russian oil. The new duties, coming into effect on August 27, will raise tariffs on some Indian exports to as high as 50 per cent, among the steepest levies imposed on any US trading partner. Washington’s move escalated trade tensions sharply, with New Delhi accusing the US of unfairly targeting it while Europe and America themselves continue to buy Russian products, as India’s Foreign Ministry has repeatedly pointed out. Why the talks collapsed? Trade negotiations between the two sides have already faced turbulence. According to Reuters, five previous rounds ended without progress, largely over Washington’s demands to open India’s farm and dairy markets and to curb purchases of Russian oil. The collapse of the August round leaves businesses and policymakers bracing for a more protracted standoff. As per PTI, the delay not only pushes back hopes of a trade pact but also means Indian exporters will soon face higher tariffs without clarity on when talks might resume. What this means? With tariffs of up to 50 per cent looming, Indian exporters could see reduced competitiveness in the US market, especially in labour-intensive sectors like textiles, engineering goods and some agricultural products. For Washington, the stalled talks underline the difficulty of balancing its Russia containment strategy with its need to strengthen ties with India, a key partner in the Indo-Pacific. (With inputs from the agencies)

A planned round of US-India trade talks scheduled for August 25–29 in New Delhi has been reportedly called off, delaying negotiations on a bilateral trade pact.

US-India trade talks from August 25 called off amid tariff tensions, says Reports

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Exports to US bounce back in October, ending India’s four-month dip after Trump tariff shock

US-India trade talks from August 25 called off amid tariff tensions, says Report