The latest trade data also comes amid a trade pact under works between India and the United States, who are working to resolve the tariff hikes imposed by US President Mr. Donald Trump in April this year. Several rounds of negotiations have taken place to address issues related to market access, tariffs, and regulatory barriers. India's exports to the United States expanded in April-May to $17.25 billion, up from $14.17 billion a year earlier. The growth suggests that the recent U.S. tariff hikes averaging 10 per cent in early April have had limited impact so far. "India and the U.S. are aiming to sign an interim deal before July 9," said the trade ministry official. "India-U.S. bilateral trade deal talks are progressing, sticking to the timeline of signing deals by fall 2025." Exporters remain watchful as uncertainty continues over the 90-day pause on reciprocal duties for major trading partners, including a 26 per cent tariff on Indian goods that remains effective until July 9. (ICE NEW DELHI)

Fonte notizia: Economic Times