Bilateral negotiations for an initial agreement have reached their closing stages, though outstanding hurdles primarily remain on the American side. Movement currently hinges on Washington establishing a new tariff framework after the US Supreme Court struck down reciprocal tariffs, alongside an ongoing Section 301 investigation into structural overcapacity. Indian leadership emphasized that the agreement with its largest market cannot be rushed due to the profound impact on domestic jobs. Prime Minister Narendra Modi and President Donald Trump are set to meet in the United States next month.
Key points
External Affairs Minister S Jaishankar affirmed that negotiations cannot be hurried becau…: External Affairs Minister S Jaishankar affirmed that negotiations cannot be hurried because critical matters affecting livelihoods and jobs remain at stake.
Prime Minister Narendra Modi and President Donald Trump are scheduled to hold an in-perso…: Prime Minister Narendra Modi and President Donald Trump are scheduled to hold an in-person meeting in the United States next month.
India is targeting a balanced trade framework that guarantees a distinct comparative adva…: India is targeting a balanced trade framework that guarantees a distinct comparative advantage over competing economies in its largest export market.
Sources checked by our analysis pipeline: 1
NEW DELHI: External affairs minister S Jaishankar Saturday said many of the pending issues in the trade deal with the US were "not so much at our end" and that negotiations are near the "finishing line".
"Well, it's certainly our hope, and in many ways anticipation that we are at the last stretch," he said.
The comments come a week after a team of US officials came to India to discuss the customs and trade facilitation chapter with India, which is waiting for clarity on what the new tariff framework will be after the US Supreme Court ruled that US President Donald Trump's "reciprocal tariffs" were illegal. His comments may be an indication that govt is awaiting the next step from the Trump administration - which is conducting a second Section 301 probe against over a dozen countries for structural overcapacity.
For several weeks now, officials from both sides have been stating that talks are in the final lap, with Trump also saying the deal with India may be different from other deals. "For us, the key is that we…
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