C T Ravi national general secretary of BJP

US President Donald Trump's administration intends to press India to give online retailers such as Amazon and Walmart full access to its $125 billion e-commerce market, the Financial Times reported on Tuesday, citing industry executives, lobbyists and US government officials.

The US plans to push Prime Minister Narendra Modi’s government for a level playing field on e-commerce in wide-ranging talks on a US-India trade agreement set to also cover sectors from food to cars, the newspaper reported.

It did not mention what measures the Trump administration expects from the Indian government.

Amazon and Walmart operate in India through local units but face restrictions on holding inventory and directly selling to consumers, unlike domestic firm Reliance, which can open physical stores and leverage its vast retail network to reach customers across the country.

Amazon and Walmart did not immediately respond to Reuters' requests for comment.

India and US are in the middle of chalking out a trade deal as part of New Delhi's efforts to avoid US tariffs.

US Vice President JD Vance also met with Indian Prime Minister Narendra Modi on Monday, as officials in New Delhi expect to clinch a trade deal with the U.S. within the 90-day pause on tariff hikes announced by Trump on April 9 for major trading partners.

Washington: In a move that stunned markets and political observers alike, US President Donald Trump on Wednesday announced a 90-day pause on his sweeping tariff regime—granting relief to all countries except China. Just a day earlier, such a reversal had seemed unimaginable.

Trump said the pause was prompted by the cooperative stance of over 75 nations, which had refrained from retaliating against his earlier tariffs. These countries, he claimed, chose negotiation over confrontation. During the pause, a reduced reciprocal tariff of 10% will be in place.

However, Trump made it clear that China would face no such leniency. Citing Beijing's alleged trade abuses and “lack of respect” for global markets, he announced an immediate hike in tariffs on Chinese imports to 125%, up from the earlier 104%.

“At some point, hopefully in the near future, China will realize that the days of ripping off the US and other countries is no longer sustainable or acceptable,” Trump wrote on Truth Social.

Despite repeatedly resisting pressure from within his own party and business circles to halt the tariff spree, Trump’s sudden pivot was reportedly triggered by alarm bells inside the US Treasury Department. According to CNN, Treasury Secretary Scott Bessent raised red flags about a dramatic selloff in the bond market, which, if left unchecked, could spiral into a financial crisis.

Speaking to the media after the announcement, Trump seemed to suggest that the decision came from instinct rather than strategy.

“We didn’t have access to lawyers… We wrote it up from our hearts. You have to be flexible,” he said.

The markets responded instantly. The Dow Jones Industrial Average surged over 2,500 points, while the Nasdaq jumped 12.2%, its best day in 24 years. The S&P 500 rose 6%, oil prices climbed more than 4%, and the dollar strengthened.

Impact on India

India, which had been hit with a 26% customized reciprocal tariff, saw its markets rattled in recent weeks. The pause offers a much-needed breather, as New Delhi works to finalize a multi-sectoral trade deal with Washington.

Ministry of External Affairs Spokesperson Randhir Jaiswal confirmed that talks are underway. “We hope to address these issues and conclude this agreement expeditiously,” he said, underlining the strong economic ties between the two nations.

In a significant leap toward sustainable urban mobility and coastal tourism, Karnataka Chief Minister Siddaramaiah has greenlit the ambitious Mangaluru Water Metro Project (MWMP). The approval was announced during a high-level Water Transport Board meeting held in Bengaluru, marking a milestone in the coastal city’s development roadmap.

Originally unveiled in the state budget earlier this year, the project takes inspiration from the acclaimed Kochi Water Metro and is designed to redefine water-based commuting and recreational transit in Mangaluru. The water metro will chart a 30-km course along the Gurupura and Netravathi rivers, offering both scenic journeys and practical connectivity for locals and tourists alike.

“The purpose of this project is to enhance tourism and recreation activities while also decongesting the city’s road traffic,” a senior officer from the Karnataka Maritime Board (KMB) stated. The KMB will lead preliminary studies and planning for MWMP implementation.

The proposed water route will interconnect 17 strategic locations, including:

•    Kulur Bridge

•    Bangrakulur

•    New Mangaluru Port

•    Sultan Battery

•    Tannir Bhavi

•    Old Port

•    Bengre

•    Hoige Bazaar

•    Ullal

•    Bolar Sea Face

•    Someshwar Temple … and more, covering densely populated, industrial, and tourist-friendly zones.

Planned as a green, affordable, and efficient public transport system, the Water Metro will deploy modern catamarans, with options for electric or low-emission diesel propulsion—positioning Mangaluru as a model for eco-conscious urban infrastructure in India.

With its blend of functionality and scenic charm, the MWMP is expected to not only transform the city’s transport landscape but also boost employment, local businesses, and regional tourism.