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India keeps trade pact with US despite new tariffs
India reaffirms its commitment to continue negotiations with the United States to conclude a bilateral trade agreement, despite Washington imposing new tariffs of 10% on its imports. These measures are part of actions affecting 60 trading partners and include exemptions for sectors such as smartphones, pharmaceuticals, steel, aluminum, and auto parts. India plans to negotiate specific issues related to textiles in order to strengthen economic ties between the two countries. It is expected that 55% of Indian exports to the United States will be affected by the new tariffs, while 45% of these exports will be exempt. The Indian textile sector is facing increased competitive pressures compared to other Asian countries as a result of these tariffs.
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