US EditionWhat are Donald Trump’s ‘Liberation Day’ tariffs and what will be their impact on India? All you need to know
- The four-day India-US trade talks concluded with a general agreement on future steps toward a bilateral trade agreement by fall 2025, according to India's Commerce and Industry Ministry.
- India's Commerce and Industry Ministry noted that there was a productive exchange on areas such as market access and reducing tariffs, but uncertainty remains over US reciprocal tariffs.
- US President Donald Trump expressed confidence in trade discussions, indicating optimism about the trade relations.
- Despite positive discussions, uncertainty remains regarding the US reciprocal tariffs set to begin on April 2, affecting Indian exports significantly, particularly in steel and automobiles.
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India-US trade deal: First tranche by Fall, but no relief yet on reciprocal tariffs
In a statement after the talks, India’s Commerce and Industry Ministry said the talks ended with a “broad understanding” of the next steps towards a bilateral trade agreement both countries aim to sign by Fall.
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