India-US Talks Counter Trump's Tariffs
India-US Talks Counter Trump's Tariffs

India-US Talks Counter Trump's Tariffs

News summary

India is actively negotiating trade agreements with the US, EU, and UK, aiming to counterbalance the impact of US President Donald Trump's tariffs and strengthen economic ties, according to External Affairs Minister S. Jaishankar and Commerce Minister Piyush Goyal. Jaishankar remarked on the opportunity these negotiations present for India to align with open market economies in the West. Meanwhile, Goyal emphasized that India's tariffs are primarily defensive against unfair trade practices, highlighting the potential for increased trade with the US. The Ministry of External Affairs is examining the implications of the US's reciprocal tariffs and is working towards a mutually beneficial trade agreement. Discussions between India and the US are ongoing, with both sides looking to finalize the agreement promptly.

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