India-US Trade Talks Accelerate Amid Tariff Pause
India-US Trade Talks Accelerate Amid Tariff Pause

India-US Trade Talks Accelerate Amid Tariff Pause

News summary

India and the US are working to finalize a Bilateral Trade Agreement (BTA) within a 90-day period following President Trump's announcement to pause tariffs, aiming to double bilateral trade to $500 billion by 2030. Both countries have finalized terms of reference and are actively negotiating to address tariff and non-tariff barriers, with discussions occurring through video conferencing and delegation visits. Indian officials emphasize the urgency and possibility of concluding the first phase by September-October 2025, highlighting a 'win-win' scenario for both nations. The trade talks are driven by India's push to not negotiate under pressure while ensuring national interests are prioritized, despite the temporary relief from increased tariffs. External Affairs Minister S. Jaishankar underscores the importance of these negotiations and the potential for significant economic partnerships with Western economies.

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