US EditionIndia, US push to finalise interim tariff deal as Trump's deadline nears
- This week in New Delhi, India and the U.S. Are engaged in high-level discussions to finalize tariff reductions on farming and vehicle sectors within a provisional agreement.
- These talks build on a February agreement to pursue a phased arrangement that aims to increase bilateral trade with the goal of reaching $500 billion by 2030, with President Trump setting a target deadline of July 9.
- The talks involve two days of closed-door meetings led by senior U.S. Trade officials and Indian chief negotiator Rajesh Agrawal, focusing on tariff reductions and benefits for Indian companies.
- U.S. Commerce Secretary Howard Lutnick announced on Monday that discussions are making headway, with both parties aiming to lower average tariffs to around 10%, which aligns with typical U.S. Rates, and implement minimal duties within set limits to enhance market access and supply chain connections.
- An announcement on the interim deal is expected later this month, potentially advancing a comprehensive bilateral trade agreement to improve market access and supply chain integration.
19 Articles
19 Articles
US Team for Trade Talks in India, Aims at Expeditious Conclusion of Pact
Get latest articles and stories on Latest News at LatestLY. The proposed trade agreement between India and the US would provide greater market access for goods by reducing tariffs, cutting trade barriers, and improving supply chain integration, an official said on Friday. Latest News | US Team for Trade Talks in India, Aims at Expeditious Conclusion of Pact.
India, US push to finalise interim tariff deal as Trump's deadline nears
Indian and U.S. officials are holding high-level talks this week, aiming to finalise tariff cuts in sectors such as farm and automobiles as part of an interim deal, two government sources said, with an announcement likely later this month.
India, US Push To Close Interim Tariff Deal As Trump's Deadline Nears
Indian and US are holding high-level talks this week, aiming to finalise tariff cuts in sectors such as farm and automobiles as part of an interim deal, two government sources said, with an announcement likely later this month.
US trade delegation arrives in India for fresh round of bilateral trade talks
This marks the fifth round of in-person discussions overall between India and the US. The Indian side has previously participated in three face-to-face rounds in Washington, with the most recent held in New Delhi.
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