The US president also cut funding for international groups that provide abortions, and froze hiring of some federal workers.
With Donald Trump all set to become US president, Indian exporters may face high customs duties for goods like automobiles, textiles and pharmaceuticals if the new US administration decides to pursue the 'America First' agenda, opined trade experts. Experts also said that Trump could also tighten H-1B visa rules, impacting costs and growth for Indian IT firms. Over 80 per cent of India's IT export earnings come from the US, making it vulnerable to changes in visa policies.
Indian firms feared they would lose business if US ratified the Trans-Pacific Partnership agreement with 11 other countries.
The 'Missing link in India's Act East Policy', as India's former foreign secretary Shyam Saran calls it, needs to be filled sooner rather than later, says Dr Rahul Mishra.
China and India have approached trade negotiations very differently: the former with confidence, the latter in a defensive crouch, says T N Ninan.
India Inc had cheered Donald Trump's decision to scrap TPP, but now there is a growing sense that it won't really lead to positive growth in trade with the US. Subhayan Chakraborty reports.
For India to reach its ambiguous economic growth targets, it needs to be integrated into global trade pacts.
Protectionist and exclusionary FTAs weaken multilateralism.
'India has not integrated into any major trade agreement'.
We are witnessing a new phase where business leaders are realising globalisation has to take into account national identities and cultures, says Claude Smadja.
To help US, as India will be a major economy in the future.
The world is still figuring out the man as he continues his enigmatic journey towards the first 100 days of his presidency.
Donald Trump said he will never sign any trade agreement that hurts US workers, or diminishes its freedom and independence.
The differences between the US and China over rival free trade agreements being floated by them threatened to derail the APEC Summit which got off to a colourful start in Beijing China on Monday.
US President-elect Donald Trump has vowed to pull out of the Trans-Pacific Partnership, the world's largest trade deal, and investigate abuses of work visa programmes as he outlined his policy plans for the first 100 days in office.
"In 47 years, Joe did none of the things of which he now speaks. He will never change, just words!" Trump tweeted his first reaction to Biden's acceptance speech on Thursday.
Wrestling coach Anoop Singh and Paralympics coach Naval Singh among other nominees get Sports Ministry approval
India can become a better place to do business only when exports begin to boom.
'There is little appetite in the Democratic foreign policy establishment to pick a fight with India.'
India may not be prepared to meet US demands, say experts
The two governments have already set a target of increasing bilateral trade in goods and services to $500 billion.
The scheme, which was earlier implemented by the coal companies, has been extended for the current fiscal also.
Terming China as "number-one abuser", leading Republican presidential candidate Donald Trump has alleged that the Communist nation, along with India, is taking advantage of the US through its economic policies.
Clinton, who was joined by Senator Tim Kaine, is on a bus tour in Pennsylvania and Ohio with her vice presidential running mate
If the WTO talks in Bali fail, it will adversely impact India.
China aims to set common standards on issues.
'Clearly, from the Indian viewpoint, the US retrenchment from Asia cannot be happening as good news.' 'The abandonment of the US' pivot to Asia exposes the US-Indian partnership to be a mere transactional relationship,' says Ambassador M K Bhadrakumar
The 30-share Sensex ended down by 59 points at 27,027 and the 50-share Nifty slipped 7 points at 8,087.
A strong partnership with US would deter China from making any aggressive posture against India, said Puneet Ahluwalia, a member of the Trump's Advisory Committee on Asian Americans.
President Xi Jinping on Tuesday pushed China's free trade vision for the Asia Pacific region and asked APEC to "break open closed doors" as leaders of the grouping held talks on forging consensus over opening up commerce in the resource-rich and economically dynamic region.
Rising skills gap, falling exports, low productivity, rising debt and low foreign investment is jeopardising the target set for the textile and apparels sector
Republican presidential candidate Donald Trump has said he regretted causing pain to people by not choosing the "right words" sometimes and uttering "wrong thing" even as his Democratic rival Hillary Clinton termed the statement as a mere "well-written phrase".
Both Obama and Modi have taken bold steps towards laying the groundwork to give a big push to Indo-US trade, and now it's time to execute, says Bikash Mohapatra.
'A bit of marketing, a bit of positioning, and a lot of strategic thinking is required, and all this should be in aid of India's strategic intent: Becoming the third pole in a global G3 and aiming for Numero Uno,' says Rajeev Srinivasan.
Mexican President Enrique Pena Nieto's decision to cancel his planned trip to the United States next week was mutually agreed upon, US President Donald Trump has said stating that such a meeting would be "fruitless unless Mexico is going to treat America fairly".
An ambitious long-term vision to ensure economic connectivity between India and the rest of Southern Asia is critical to India's trade policy objectives.
Biden said, "One of the reasons why President Obama called our relations with India, quote, "a defining partnership of the century ahead" is that India is increasingly looking east as a force for security and growth in Southeast Asia and beyond."
With EU, it is part of the FTA that we will need to negotiate.
'India is no longer the India of the '70s and the '80s.' 'It's a large country with the fastest growing economy.' 'In working with India, you just can't go and humiliate the nation publicly.' USIBC President Mukesh Aghi tells Aziz Haniffa/Rediff.com about how he advises American companies to do business with India, what he thinks of Modi's government and the way forward for the India-US relationship.
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