Last week, US President Donald Trump announced an additional 25 percent tariff on Indian goods, citing New Delhi’s links with Russia. While the measure is expected to hit 55 percent of India’s exports, the heaviest blow will likely fall on MSMEs in sectors such as gems and jewellery, textiles, and apparel. The move raises pressing questions: can India’s small and medium exporters weather the tariff shock, and are there viable opportunities to redirect trade to alternative markets?
US President Donald Trump confirmed that the United States will extradite Tahawwur Rana, a key accused in the 2008 Mumbai terror attacks, to India. Rana, currently held in a high-security US prison, has been linked to the attack that killed 164 people. His extradition follows a US Supreme Court ruling on January 21, 2025, rejecting his review petition. The US State Department expressed support for India’s efforts to ensure justice for the attack’s perpetrators. Prime Minister Narendra Modi expressed gratitude to President Trump for expediting the process, allowing Rana to face trial in India. Rana, a Pakistani-origin businessman, was aware of the attack and maintained communication with terrorists, including David Headley, who cooperated against him. He also allegedly had ties with Pakistan's Inter-Services Intelligence (ISI). Rana will now be interrogated by Indian authorities for his role in the attacks, which included the siege of the Taj Mahal Hotel, resulting in over 300 casualties.
U.S. President Donald Trump and Indian Prime Minister Narendra Modi discussed trade, defence, and energy cooperation during their meeting at the White House. Trump criticized India's high tariffs, stating that the U.S. would adopt reciprocal tariffs. Both leaders agreed to work toward a trade deal, which could be finalized within seven months, and discussed India’s desire to increase its defense purchases from the U.S., including fighter jets, and to make the U.S. the top supplier of oil and gas. They also focused on strengthening security cooperation in the Indo-Pacific region, a response to China's influence. Additionally, Trump sought India’s help on unauthorized immigration and expressed hopes of resolving India-China border skirmishes. Modi emphasized India’s commitment to peace in the context of the Russia-Ukraine conflict and defended its continued ties with Russia. The two leaders also discussed advancing joint technology production and reducing the U.S. trade deficit with India.
On PM Modi's official working visit to the US, President and CEO of the US-India Strategic Partnership Forum, Mukesh Aghi said, "This is a very important visit. Basically, the visit is all about ensuring that geopolitical alignment continues. The understanding between the two countries on trade is going to be critical. Economic agenda and focus on technology transfer is going to be critical and obviously there are issues of illegal migration that will be discussed. I think it's important early on that the PM meets with President Trump at least they're aligned in common objectives as driving the growth of both economies to a higher level...It is also about setting up expectations as to what direction you want to drive this relationship. Will they discuss trade, absolutely they will discuss trade? Will they agree to move forward on some kind of trade partnership? Absolutely..." On the issue of Indian citizens living illegally in the US deported to India handcuffed, he says, "...I empathize that they should not be handcuffed and chained as they're moving. But you have to understand there's a law and the example is Strauss-Kahn, the IMF chief who was arrested in New York City and he was running for President of France. He was arrested. He was put in handcuffs. Why? Because that's the law? So I think if there's a law, they're following that law and they're not making exceptions to anybody. The MEA has made an appeal and others have talked to it. Hopefully, there'll be some empathy and sympathy towards the process
The four years that Trump held office witnessed the highest number of H-1B visas approved for Indians and the maximum rate of naturalisations of Indian citizens during the last sixteen years
Pyatt, who visited India in January, spoke about energy transition, reliable supply chains, energy security, and advancing commercial cooperation with private sector partners in India's rapidly growing clean energy sector.
"I think this visit will go down in history as the turning of a page and the starting of a bold new chapter in America and India relations. It's the culmination of years and even decades of work," Garcetti said.
Somalia-born US Congresswoman Ilhan Omar was ousted from the US Foreign Affairs Committee following a vote on February 2. She has been one of the most strident anti-India voices in the US Congress.
The recommendations covered a number of issues ranging from reconstituting business relations with India as well as creating a new digital partnership under the headship of Vice President Kamala Harris.
Moneycontrol's Shraddha Sharma talks to Corporate Bureau Chief Prince Thomas to find out the expectations of the corporate sector from Trump.
USISPF is also recommending the new government to seriously look at a Free Trade Agreement with the US which encompasses mobility.
R Chandrashekhar, President of software body NASSCOM, said he had earlier witnessed a circumspect response from the US about India's IT concerns, but there appeared to be understanding of the nuances of late.