India, US to hold trade talks amid tariff storm
Officials agreed to intensify efforts toward a mutually beneficial trade agreement amid US tariffs impacting up to 60% of Indian exports valued at $48 billion, officials said.
- India and the United States held trade discussions in New Delhi, impacted by 50 percent U.S. import tariffs on Indian goods.
- The discussions involved U.S. Trade Representative Brendan Lynch and Rajesh Agarwal from India's Commerce Ministry, focusing on advancing a long-pending trade agreement.
- PM Narendra Modi welcomed remarks on trade ties, expressing optimism about the negotiations as both countries seek to resolve tariff issues.
- The Indian side described the trade discussions as positive and forward-looking, aiming for a mutually beneficial agreement amid challenging recent relations due to the tariffs.
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A team of United States officials led by Assistant US Trade Representative for South and Central Asia, Brendan Lynch, had "positive and forward-looking" discussions on Tuesday with the officials from India's Department of Commerce and it was decided to intensify efforts to achieve early conclusion of a mutually beneficial Trade Agreement. India-US Bilateral Trade Agreement: Both Sides Hold Positive Meeting on Trade Deal, Vow to Intensify Efforts…
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