India's Commerce Minister Expected to Visit US for Trade Talks Amid Tariff Tensions
India's Commerce Minister Expected to Visit US for Trade Talks Amid Tariff Tensions

India's Commerce Minister Expected to Visit US for Trade Talks Amid Tariff Tensions

News summary

India's Commerce Minister Piyush Goyal is visiting the United States to advance talks on a bilateral trade deal aimed at easing tensions following recent U.S. tariff hikes on Indian imports. These tariffs, doubled up to 50% by President Trump in response to India's purchase of Russian oil, have strained economic relations between the two countries. Prior to Goyal's visit, positive and forward-looking discussions were held between Indian officials and U.S. trade negotiators, signaling hopes for progress toward a mutually beneficial agreement. President Trump and Indian Prime Minister Narendra Modi have also engaged in direct communication to support these efforts. The visit underscores ongoing attempts by both nations to strengthen economic cooperation despite geopolitical pressures related to the Russia-Ukraine conflict. The Indian Ministry of Commerce and Industry and U.S. trade representatives continue to work towards concluding the trade deal promptly.

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