India-U.S. ‘Very Close’ to Finalising Initial Framework Deal on Reciprocal Tariffs: Commerce Secretary

India-U.S. ‘very close’ to finalising initial framework deal on reciprocal tariffs: Commerce Secretary

India and the U.S. are nearing an initial trade agreement on reciprocal tariffs, resolving remaining differences, says Commerce Secretary Agrawal.

India's trade with the US holds up despite tariffs, as FTA deal nears

India has held onto its US export market despite tariffs, and the two countries appear to be making headway towards a new agreement.   India’s overall trade deficit declined to a five-month low of $24.53bn in November, driven by a fall in gold, oil ,and coal imports according to government trade data.  Exports rose to $38.13bn, from October’s $34.38bn, while imports fell to $62.66bn, from some $76bn.  And despite the high US tariffs ... The post…

India's exports defy tariffs, strengthen hand in US trade talks

India and US 'very close' to interim deal to lower reciprocal tariffs : Commerce Secy

NEW DELHI : Commerce Secretary Rajesh Agrawal on December 15 said that government is “very close” to closing the initial framework deal with US to lower reciprocal tariffs. “We are very close on closing the initial framework deal but I don’t want to put a timeline to it,” Agrawal said during a briefing. “We have done six rounds of talks with the US where we have discussed both the BTA (Bilateral Trade Agreement) as well as an interim deal to low…

India holds firm in trade talks with the US as agriculture emerges as red line

India has once again drawn a clear boundary in its ongoing trade negotiations with the United States, refusing to open its vast agricultural market to American products despite mounting pressure from Washington. Government sources speaking on December 15 confirmed that New Delhi remains unwavering on agriculture, viewing the sector as inseparable from rural livelihoods, food security, and domestic political stability. While both sides continue t…