Articles tagged with “tradetariffs”

U.S. Vice President JD Vance begins a visit to India on Monday amid ongoing trade tensions, with the U.S. threatening to raise tariffs on Indian exports from 10% to 26% if no agreement is reached within a 90day pause. The trip holds political and personal significance, as Vance's wife, Usha Vance, is the first Indian American second lady, drawing considerable media attention in India. Prime Minister Narendra Modi will host Vance for bilateral talks, focusing on trade and investment. India hopes to secure a deal to avoid higher tariffs while positioning itself as a leader of the Global South. Sector specific trade discussions are expected to conclude by the end of May. The visit also includes cultural stops in Jaipur and Agra, home to the Taj Mahal, highlighting softer diplomacy. Analysts note the trip could strengthen U.S.India ties, particularly as both nations seek to counterbalance China's influence. Modi has sought closer relations with the U.S., including increased purchases of American goods and cooperation on defense and technology. Trade remains a key issue, with India recently reducing tariffs on U.S. products like bourbon and motorcycles to address concerns over protectionist policies. A potential trade deal could further solidify the economic partnership between the two nations.

Asian markets gained ground Tuesday as investors grew optimistic about potential tariff relief under a second Trump administration. The positive sentiment followed reports suggesting former President Donald Trump might reduce some trade barriers if reelected. Chinese stocks experienced volatility, swinging between gains and losses as traders weighed the uncertain outlook for USChina trade relations. The mixed performance reflected lingering concerns over ongoing economic tensions between the world's two largest economies.