Burning Question LIVE: Amid Tariff War Threat, India & US Inch Closer Towards A Trade Deal
Amid US President Donald Trump’s reciprocal tariff threats, Indian and US officials held talks in New Delhi this week to discuss trade issues, including tariff reduction and easing of non-tariff barriers. The two sides also decided to hold sectoral talks under the proposed bilateral trade agreement (BTA) in the coming weeks, India’s commerce ministry said on Saturday.
Washington and New Delhi aim to sign the first tranche of a bilateral trade deal by autumn (September-October). They have also set a target to more than double bilateral trade to $ 500 billion by 2030 from the current over $ 190 billion.
The negotiations, held from March 26-29, were led by officials from India’s commerce ministry and a US trade delegation headed by Assistant US Trade Representative for South and Central Asia Brendan Lynch.
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