US TRADE REPRESENTATIVE
What will happen to economy if India-US FTA doesn't happen? RBI Governor reveals
"The impact depends on to what extent tariffs are going to be applied. So, it's premature to answer. But obviously it will have some negative impact," Malhotra said during the post-monetary policy press conference in response to a query on the impact on the economy if the trade deal with the US fails to materialise. However, India has concluded or implemented a series of trade agreements in recent months, which could help diversify its export markets.
US stocks: Webull shares plunge 18% after report flags structural ties to China
Webull shares fell by more than 18% following a report connecting the platform to the Chinese government. The House Select Committee on China revealed discrepancies between Webull’s marketing and its operational reality. Concerns were raised about the company’s reliance on infrastructure subject to Chinese laws. Analysts expressed uncertainty about the regulatory implications affecting the stock's performance. This scrutiny reflects growing apprehension in Washington regarding Chinese involvement in critical US sectors.
India and US trade deal still has a few stubborn cards to play: Fitch unit
Negotiations between India and the US have encountered significant sticking points affecting market access and agriculture. US Trade Representative Jamieson Greer noted the identification of all key issues during talks. Finance Minister Nirmala Sitharaman mentioned that negotiations have reached a plateau with limited opportunities for further concessions. India is advocating for more preferential access for its exports. Meanwhile, Washington seeks increased access to the Indian market, especially in agricultural sectors.
Brussels looks to capture Big Tech through tax on large corporations
Brussels is considering taxing big US tech companies through a broad levy on large corporations in an effort to raise revenues for the EU while avoiding a backlash from the Trump administration, the Financial Times reported on Wednesday.
Global Market: Japanese shares fall as AI stocks retreat after sharp rally
Japanese shares slipped on Wednesday as investors booked profits after a sharp recent rally, with technology and semiconductor stocks leading the decline. The Nikkei fell 0.86%, while the Topix dropped 0.59% by the midday break.
Kalshi launches perpetual futures tied to US 500 stock index
Kalshi has introduced a new perpetual futures contract that is linked to its US 500 index. This contract will allow traders to hold positions indefinitely, without the need to roll over. It aims to provide stock market exposure, a key step in Kalshi's expansion as a financial exchange. The CEO mentioned leveraging long or short positions on the stock index.
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Explainer: Why have India-US trade talks stalled again and what's next?
Amid rising tariffs and geopolitical tensions, trade negotiations between India and the United States have reached an impasse. The US has voiced concerns over India's ongoing acquisition of Russian oil, which could trigger higher tariffs. India aims to safeguard its vital agricultural sectors during talks while advocating for enhanced export conditions. Future discussions, particularly with Secretary of State Marco Rubio's upcoming visit, may provide an opportunity for resolution.
India-US trade deal talks may have reached a ‘plateau’, further concessions difficult: Nirmala Sitharaman
During a recent briefing, India's Finance Minister Nirmala Sitharaman announced that talks regarding a trade pact with the US are currently stalled. While she sees some room for advancement, she pointed out the complexities involved in making further concessions. The dialogue also encompasses the trade deficit issues with both the US and China.
The US said China was priming a trade superweapon. Then it vanished
LOGINK, originally a project to improve cargo logistics, has seen its international efforts falter significantly. The platform lost key partnerships, withdrew from an international association, and is currently embroiled in legal disputes. Its operations hub in Wenzhou appears abandoned, indicating financial troubles that have emerged in recent years. Additionally, US pressure has contributed to its declining influence in global shipping.
Adani airports stops handling Russian cargo, say agents
Adani Airports has suspended handling cargo related to Russian carriers at Mumbai airport due to sanctions compliance concerns. This decision has led to a dispute with representatives from Aeroflot and Volga Dnepr regarding previously arranged shipments. Currently, approximately 2.5 tonnes of cargo is lying in the airport warehouse while additional cargo seeks transportation. Delmos Aviation has requested intervention from the Ministry of Civil Aviation to resolve the matter.
Bitcoin trades near $86,000 as weaker US jobs data dims October Fed rate hike bets
Bitcoin traded near $86,000 on Monday after weaker US jobs data sharply reduced expectations of an October Fed rate hike. Analysts said the softer macro backdrop, improving institutional demand and ETF inflows could support prices, though elevated Treasury yields and oil above $100 may continue to weigh on risk appetite.
US ETF inflows smash annual record as investors favor funds
US-listed ETFs have attracted a record $1.54 trillion in inflows so far in 2026, surpassing the previous full-year record set in 2025. Equity ETFs led demand, while technology funds saw the strongest sectoral inflows. The surge comes despite market volatility, underscoring continued investor preference for liquid, flexible exchange-traded products amid shifting rate expectations.
Social security check USD 5,000: When will U.S. citizens receive Trump Dividend?
White House published details outlining Donald Trump's plan on its official website, noting that the majority of qualifying seniors will obtain the distribution via direct deposits valued at USD 90 early in October.
US 'severely disappointed' in lack of G20 consensus on overproduction
The US G20 presidency expressed disappointment after trade ministers failed to reach agreements on excess capacity. A draft statement aimed at addressing this issue saw support from most members but was rejected by a few. China previously objected to calls for eliminating non-market policies and only a few countries took a stand against forced labor. Mexico and Argentina joined the US in issuing a statement regarding forced labor concerns.
Piyush Goyal at G20: India has no ‘structural excess capacity’, rejects dumping concerns based on broad country-wide assumptions
India does not have structural excess manufacturing capacity in sectors flagged by the G20 presidency, Commerce Minister Piyush Goyal said, rejecting broad assumptions that could trigger trade measures. He called for border action to rely on specific, verifiable evidence and comply with WTO rules, while defending India’s manufacturing expansion.
US wants European allies to do this 'immediately' to lower diesel prices
The US has urged European allies to release strategic diesel reserves immediately as global fuel prices surge amid supply disruptions linked to the Iran war. Washington is also considering a diesel export ban, putting pressure on France and Germany to tap stockpiles. US diesel prices have climbed more than 70% since the war began, reaching $6.39 a gallon.
India-US trade deal 'not imminent' as 'sticking points' stay, USTR Greer says
US Trade Representative Jamieson Greer said the Trump administration is working with India to finalise a bilateral trade deal, but an agreement is not imminent. Greer said he had a “very constructive conversation” with Commerce Minister Piyush Goyal at the G20 trade ministers meeting and that officials remain engaged.
G20 trade ministers deadlock on excess capacity, forced labour as US seeks tougher rules
G20 trade ministers met in Milwaukee but failed to reach an agreement on overproduction of goods. The Trump administration accused various countries, especially China, of flooding markets, affecting competition. Tensions between the US and Canada escalated after new tariffs were imposed, raising concerns about trade relations. Discussions on forced labor also did not lead to a consensus among the participating countries.
Piyush Goyal, US trade envoy Greer discuss early conclusion of India-US interim trade deal
Commerce Minister Piyush Goyal held a “productive discussion” with US Trade Representative Jamieson Greer on early conclusion of a mutually beneficial interim trade agreement between India and the US. The meeting came alongside PM Narendra Modi’s conversation with President Donald Trump and Goyal’s participation in the G20 trade ministers’ meeting.
Piyush Goyal calls for clear distinction between food supply ‘weaponisation’ and food-security measures
Piyush Goyal addressed the G20 Trade Ministers' meeting, focusing on the distinction in food supply chain strategies. He emphasized the need to differentiate coercive actions from legitimate food security measures. US Trade Representative Jamieson Greer discussed the implications of food weaponization and structural excess capacity in global markets. Greer also highlighted concerns about the Most-Favored-Nation principle and forced labor impacting trade fairness.
'Very good call': US Ambassador Sergio Gor on PM Modi-Trump telephonic conversation
Modi and Trump engaged in a telephone conversation reviewing bilateral cooperation. They discussed trade, defense, energy, and critical technologies during the call. Both leaders reaffirmed their commitment to advancing the India-US Comprehensive Global Strategic Partnership after evaluating ongoing regional and international developments. EAM S Jaishankar indicated progress on a mutually beneficial trade deal while addressing tariff concerns.
India-US trade deal: Productive discussion with USTR Greer on early conclusion of interim agreement, says Piyush Goyal
Commerce Minister Piyush Goyal engaged in talks with US Trade Representative Jamieson Greer for a trade agreement. Their discussion occurred during the G-20 Trade Ministers' meeting in Milwaukee, where they addressed bilateral trade issues. Prime Minister Narendra Modi also spoke with the US President to discuss cooperation in various sectors. The trade pact is anticipated to progress once India is provided with competitive advantages in the US market.
US Trade Representative Greer jokes Piyush Goyal is 'trade minister for life' as G20 trade talks open in Milwaukee
US Trade Representative Jamieson Greer opened a two-day G20 trade ministers' meeting in Milwaukee addressing key issues. During the event, Greer emphasized the need to rethink global trade governance and identified four pressing priorities. Union Commerce and Industry Minister Piyush Goyal participated actively, promoting India's position on trade agreements alongside his counterparts. The discussions included initiatives concerning steel overcapacity, forced labour, and the Most-Favoured-Nation principle.
Greer urges G20 to back Trump tariff agenda, takes aim at China
US Trade Representative Jamieson Greer urged G20 major economies to refrain from coercive food trade actions. He emphasized the need to tackle industrial overcapacity and reassess the existing tariff system. Greer highlighted concerns regarding China's industrial policies contributing to excess capacity in global markets. Discussions among G20 members included potential tariffs on steel from countries with overproduction issues.
Commerce Minister Goyal meets USTR Greer on sidelines of G20 meet
Piyush Goyal met with Jamieson Greer in Milwaukee to advance discussions on a bilateral trade agreement. This meeting occurred during the G20 Trade Ministerial and follows a conversation between Prime Minister Narendra Modi and US President Donald Trump. Goyal expressed confidence that the trade pact will be finalized once competitive advantages are established. The negotiations are influenced by changes in the US tariff landscape affecting various Asian competitors.
Commerce minister Piyush Goyal woos American companies to co-invest in advanced manufacturing
Commerce and industry minister Piyush Goyal invited American manufacturers to expand in India and partner with Indian SMEs, highlighting opportunities in advanced manufacturing, technology, innovation and resilient supply chains.
US to factor trade-deal tariff caps into new duties on excess capacity
US Trade Representative Jamieson Greer emphasized the administration's focus on tariff caps during ongoing investigations. Excess industrial capacity, especially in China, remains a key concern for the US government. Greer indicated that trade agreements play a significant role in managing these issues effectively. The Group of 20 is also addressing China's production policies and seeking reforms through collaboration.
India-UAE trade in rupees, dirhams enters double digits: Piyush Goyal
Trade between India and the UAE settled in local currencies has reached double digits, Commerce and Industry Minister Piyush Goyal said Monday. Bilateral trade is also nearing pre-war levels and is expected to recover in coming months. Goyal said businesses are increasingly recognising the benefits of rupee-dirham settlements amid geopolitical disruptions.
Commerce minister Piyush Goyal to visit US for trade talks, G20 ministers’ meeting
Commerce and Industry Minister Piyush Goyal will visit the US from September 29 to October 5 for the G20 Trade Ministers’ meeting and talks with US Trade Representative Jamieson Greer on the India-US bilateral trade agreement.
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