US EditionIndia in talks with US for trade agreement, says Indian trade minister
Trade talks between India and the United States have paused after the US imposed a 50% duty, delaying the sixth round of negotiations since March, officials said.
- On Tuesday, Union Commerce and Industry Minister Piyush Goyal said India is negotiating a bilateral trade agreement with the United States, stressing talks follow fairness and mutual benefit, not deadlines.
- Negotiations that began in March have completed five rounds, but after the United States imposed a 50% duty from August 27, the US deferred its visit and no dates are set for the sixth round.
- Goyal highlighted India's expanding network of free-trade agreements, noting deals with Australia, the UAE, Mauritius, the UK, and the EFTA bloc as Commerce Secretary Sunil Barthwal advances EU talks in Brussels.
- Indian exporters are facing a major trade shock after tariffs doubled to 50%, India called the duties unjustified, and Bloomberg reported informal talks continue with no plans for retaliation.
- The 13th round of India-EU talks begins on September 8, with Goyal highlighting India's focus on supply chains and sustainability commitments amid parallel US negotiations.
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·Mumbai, India
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India in Talks With US for Trade Agreement, Says Indian Trade Minister
India is in talks with the U.S. for a bilateral trade agreement, India's trade minister Piyush Goyal said on Tuesday, days after Washington doubled tariffs on goods from India as a punitive measure for New Delhi's continued import of Russian oil.
·Washington, United States
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Total News Sources15
Leaning Left1Leaning Right5Center4Last UpdatedBias Distribution50% Right
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- 50% of the sources lean Right
50% Right
C 40%
R 50%
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