US EditionIndia-US Trade Pact Will Be Finalised Soon: Jitin Prasada
- On May 23, 2025, Union Commerce Minister Piyush Goyal conducted his second discussion in Washington alongside the United States’ top commerce official, Howard Lutnick, focusing on advancing a bilateral trade deal.
- The talks follow a 90-day suspension of a 26% U.S. Reciprocal tariff on Indian goods that expires on July 9, and aim to finalise an interim deal before tariffs resume.
- The proposed agreement will cover tariffs, non-tariff barriers, investments, digital trade, and seek tariff reductions on India's labour-intensive exports like textiles, leather, and gems.
- Goyal characterized the meeting as productive and expressed his ongoing dedication to expanding prospects for both companies and individuals, signaling a positive outlook on the gradual progress of the trade deal.
- India and the U.S. Plan to finalize an interim trade agreement by July 8, 2025, aiming to resolve trade disputes and significantly increase their trade volume to $500 billion by the year 2030.
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India, US Make Progress On Mutually Beneficial Trade Agreement: Piyush Goyal
India and the US have made further progress on concluding a mutually beneficial trade agreement, Union Commerce and Industry Minister Piyush Goyal has stressed, amid talks with the US Commerce Secretary Howard Lutnick towards the first tranche of BTA
·New Delhi, India
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India to sign interim trade deal with US by July 8 to avoid Trump's reciprocal tariffs: Report
India is seeking tariff concessions on its labour-intensive sectors like leather and textiles. Meanwhile, the Trump administration would need Congress's approval to reduce tariffs below the MFN (most favoured nation) rates
·Mumbai, India
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33% Right
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R 33%
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