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At a Merchant Chamber of Commerce & Industry event, the CEA said, "I bash judge the penal tariff volition not beryllium determination aft Nov 30." (AI image)
Amid ongoing India-US commercialized woody talks, the Chief Economic Advisor (CEA) V Anantha Nageswaran has expressed optimism astir matters being resolved soon. Nageswaran expects the penal tariffs by the Donald Trump medication to beryllium withdrawn soon, adding that a 15% tariff complaint is being eyed.According to an ET report, Nageswaran believes the ongoing tariff quality betwixt India and the United States could scope solution wrong 2 months, with the anticipated withdrawal of penal tariffs.The CEA indicated ongoing discussions aimed astatine reducing the reciprocal tariff from 25 per cent to astir 15 per cent, a measurement if it happens would beryllium affirmative quality for the export sector.At a Merchant Chamber of Commerce & Industry event, the CEA said, "I bash judge the penal tariff volition not beryllium determination aft Nov 30."During a abstracted league astatine the Bharat Chamber of Commerce, helium noted, "I person nary insider accusation but my idiosyncratic feeling is we volition spot resolutions successful lawsuit of the other 25% penal tariff."Also Read | ‘Will beryllium addressed satisfactorily’: Piyush Goyal expresses optimism connected India-US commercialized woody talks; calls relations positiveHe added, "Underneath the surface, conversations are going connected betwixt the 2 governments. My hunch is that successful the adjacent 8 to 10 weeks, we volition apt spot a solution to the penal tariff imposed by the US connected Indian goods."
The CEA emphasised that resolving this contented holds value beyond commercialized considerations, extending to its interaction connected superior formation.
US-India Trade Discussions Show Progress
The tariff concern became captious erstwhile Washington levied a 25 per cent work successful August 2025 connected Indian exports, with an further 25 per cent punishment owed to India's Russian lipid purchases.In the fiscal twelvemonth 2025, India's exports to the United States reached $86.51 billion, establishing the US arsenic India's superior export destination.The commercialized woody talks resumed erstwhile Brendan Lynch, who heads the India-US Bilateral Trade Agreement negotiations astatine the Office of the United States Trade Representative, visited India connected September 16, 2025, restarting the antecedently halted negotiations.Also Read | ‘Severe sectoral pain’: India’s exports to US autumn for 3rd consecutive period arsenic Trump imposes 50% tariffs; what should beryllium the argumentation response?The Commerce Department meetings were characterised arsenic "positive and guardant looking," and some nations committed to accelerate their efforts towards achieving a punctual commercialized agreement.Regarding home conditions, Chief Economic Adviser Nageswaran indicated that India's system continues to support its maturation trajectory. "The archetypal 4th maturation has a transportation guardant momentum. I expect second-quarter GDP maturation to beryllium astir 7 per cent," helium said.India's Gross Domestic Product (GDP) exceeded projections and reached a five-quarter peak, expanding by 7.8% during the April-June 4th of FY26.
