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US commerce secretary expects India trade deal soon

  • U.S. Commerce Secretary Howard Lutnick expressed optimism on June 2, 2025, that a trade deal with India could be finalized soon to improve bilateral relations.
  • The negotiation follows longstanding concerns from the U.S. About India's high tariffs, up to 100% on some products, and seeks to address tariff reductions ahead of a July 9 deadline.
  • Key topics in the negotiations include reducing tariffs, especially on agricultural products, boosting opportunities for American businesses to enter the Indian market, and increasing defense equipment sales, while India is ready to broaden the scope for its exports.
  • Lutnick expressed optimism about an upcoming agreement between the United States and India, highlighting that both nations have identified common ground that benefits their partnership.
  • A U.S. Trade team is set to travel to New Delhi on June 5 and 6 to continue negotiations, reflecting steady progress and a shared goal to finalize the agreement within the established deadline.
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Colorado Springs GazetteColorado Springs Gazette
+3 Reposted by 3 other sources
Center

US-India nearing trade deal as talks progress, commerce secretary says

By Manoj Kumar

·Colorado Springs, United States
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  • 47% of the sources are Center
47% Center
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Evening Standard broke the news in London, United Kingdom on Monday, June 2, 2025.
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