India-US Hold Bilateral Talks to Resolve Tariff Disputes & Strengthen Trade Relations
The United States and India have wrapped up four days of intensive trade talks in New Delhi, with an emphasis on sectoral negotiations under the Bilateral Trade Agreement (BTA) and the resolution of bilateral trade disputes. The March 26–29 summit comes after the United States and India committed in the February 13, 2025, Joint Statement to increase bilateral commerce to $500 billion by 2030, including through the completion of a BTA.
Tariffs and trade barriers were the main topics of discussion in New Delhi as both parties looked for areas of agreement on a variety of goods.
The discussions are important because US President Donald Trump has proposed reciprocal tariffs on Indian goods that would go into effect on April 2. India’s tariffs on US exports are “unfair” and “among the highest in the world,” according to Trump, who has previously promised to enact reciprocal measures.
With the goal of completing its first phase by the fall of 2025, the negotiations have resulted in a general agreement between the two parties regarding the next steps towards a multi-sector, mutually beneficial BTA. In the upcoming weeks, sectoral expert-level talks will start virtually, setting the stage for an initial round of in-person negotiations.
India and the US discussed ways to strengthen bilateral cooperation in important areas like supply chain integration, market access, and the removal of tariffs and non-tariff barriers. In order to foster growth, equity, national security, and job creation, the two parties also looked into methods to strengthen their economic ties.
The talks in New Delhi come after Union Commerce and Industries Minister Piyush Goyal met with US Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick during his March 4-6 visit to Washington, DC. The foundation for the most recent talks was established by earlier virtual encounters between the two countries.
India offered to reduce duties on a number of US agricultural exports, such as cranberries and almonds, as part of an additional effort to improve trade relations. Considered a goodwill gesture, the idea aims to facilitate wider economic deals between the two economies.
The US and India both reaffirmed their commitment to continued cooperation and expressed satisfaction with the meetings’ results. In order to finalize the BTA and make sure that it is in line with their common objectives of prosperity, resilience, and mutual benefit, they intend to build on this accomplishment in the upcoming months.
Just recently, Trump commented on the relationship between India and the US amid talks of reciprocal tariffs and called Prime Minister Narendra Modi a “great friend” and a “very smart man”.
“Prime Minister Modi was here just recently, and we’ve always been very good friends. India is one of the highest-tariffing nations in the world… They’re very smart,” Trump said. “He is a very smart man and a great friend of mine. We had very good talks. I think it’s going to work out very well between India and our country. And I want to say you have a great prime minister.”
You May Like
Trending Searches Today |
ODISHA: President Droupadi Murmu To Visit Odisha Today
Tata Power: Consumer Group Protests in Bhubaneswar Over Tariff Hike Plan
World Water Day 2025: Theme and Significance, PM Modi Emphasizes On Preserving Water
