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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14
Indian official team to visit Washington next week for tr...
2026-04-15 · via Economy News, Latest Economic News Today | The HinduBusinessLine
The pact was initially slated for signing in March, but changes in the tariff landscape following a US Supreme Court ruling have altered the situation.

The pact was initially slated for signing in March, but changes in the tariff landscape following a US Supreme Court ruling have altered the situation.

An official delegation will visit Washington next week to hold trade talks with US authorities, an official source said on Wednesday.

The bilateral meeting between the trade officials of the two countries holds immense importance as India and the US have finalised the framework for an interim trade agreement.

The team will visit the US next week, the source said.

The pact was initially slated for signing in March, but changes in the tariff landscape following a US Supreme Court ruling have altered the situation.

Official sources have earlier stated that the agreement will be signed once the new global tariff architecture of America is in place.

India and the US, in February, announced finalisation of a framework for the first phase of the bilateral trade agreement. According to that framework, the US had agreed to reduce tariffs on India to 18 per cent.

However, the tariff architecture in the US has changed following its Supreme Court ruling against President Donald Trump's sweeping reciprocal tariffs.

After that, the US president imposed 10 per cent tariffs on all countries for 150 days from February 24.

In light of these changes, the meeting between the chief negotiators of India and the US was postponed last month. The two sides were scheduled to meet in February to finalise the legal text of the agreement.

When India finalised the deal, it was at a comparative advantage compared to its competitor countries. Now all the US trading partners are facing the same 10 per cent tariffs.

Next week's meeting is also important as the USA is undertaking two investigations under Section 301.

On March 12, the United States Trade Representative (USTR) launched a Section 301 probe, covering 60 economies, including India and China.

The investigations will determine whether acts, policies, and practices of each of these economies related to the failure to impose and effectively enforce a ban on the importation of goods produced with forced labour are unreasonable or discriminatory, and burden or restrict US commerce.

On March 11, the USTR launched a Section 301 trade investigation, targeting policies and industrial practices of 16 economies, including India and China.

Published on April 15, 2026