Union Commerce and Industry Minister Piyush Goyal held productive discussions on Tuesday with US Commerce Secretary Howard Lutnick, focusing on expediting the first tranche of the India-US Bilateral Trade Agreement.
External Affairs Minister S. Jaishankar confirmed that India-US trade negotiations are ongoing and complex, emphasising the need for a mutually beneficial deal. On the same day, US President Donald Trump linked the recent India-Pakistan ceasefire to his push for both countries to focus on tr
Responding to claims of US President Donald Trump that India offered a trade deal with zero tariffs, Sunil Barthwal, Secretary Department of Commerce, on Thursday said that the external affairs minister, Dr S Jaishankar, has responded to the claim.
Jaishankar while talking to reporters on the sidelines of the inauguration of the Embassy of Honduras said that any trade deal has to be mutually beneficial and must work for both the countries.
"A few days ago, we learnt of the ceasefire with Pakistan from the President of the United States. At a public event in Saudi Arabia yesterday, the President revealed that he may have coerced and blackmailed India into this ceasefire using the carrot-and-stick of sanctions and trade deals,"
US President Donald Trump in his interview to Sean Hannity said that he convinced India and Pakistan to go for a peace deal and pitched trade deals to the two countries. He underscored that trade deals are "much better" than nuclear weapons.
Indian industries are looking forward to more free trade agreements (FTAs) because such trade pacts are the key enablers for participating in the global value chain, said Sanjiv Puri, President of the Confederation of Indian Industry (CII) and Managing Director of ITC.
The recently concluded limited trade deals between the United States and the United Kingdom present clues about the kind of trade arrangements Washington may pursue with India, the Global Trade Research Initiative (GTRI) said, cautioning the Indian negotiators.
After US President Donald Trump announced a new trade agreement with the United Kingdom, he hailed it as the first "fair, open, and reciprocal" deal of its kind, saying it will generate USD 6 billion in tariff revenue and create USD 5 billion in new export opportunities for American produ
The agreement will be the first announced since President Trump imposed heavy tariffs on several of America's trading partners, though he later paused them temporarily to give other countries the chance to negotiate deals with the United States.