India, US Launch Trade Talks Aiming for $500 Billion Goal

India and the US are advancing towards a bilateral trade agreement, with virtual discussions set to begin this week, followed by in-person talks in mid-May. Both countries aim to boost bilateral trade to $500 billion by 2030, having agreed in February to work on the first phase of the deal. Indian Commerce Secretary Sunil Barthwal emphasized India's commitment to trade liberalization, despite challenges posed by reciprocal tariffs. US President Donald Trump has temporarily paused most tariff hikes for key trading partners, including India, while increasing tariffs on China. There is optimism for the negotiations, with India reportedly open to significant tariff cuts on US imports. However, ongoing tensions remain, as Trump has labeled India a 'tariff abuser' despite efforts from India to strengthen bilateral ties.