Overview
- External affairs minister S. Jaishankar met US secretary of state Marco Rubio on Sept. 22 on the UNGA sidelines in New York, their first in‑person talks since tariff tensions escalated.
- Jaishankar said they agreed on the importance of sustained engagement to make progress on priority areas and to remain in touch.
- Commerce minister Piyush Goyal met US trade representative Jamieson Greer in New York to push trade negotiations after a Sept. 16 USTR visit that both sides called positive.
- The US levies on select Indian goods stand at an effective 50% after a 25% baseline tariff and an additional 25% tied to India’s purchases of Russian oil, with no rollback announced.
- The White House clarified the new $100,000 H‑1B application fee applies only to new applicants, and Indian IT stocks shed roughly $10 billion in market value following the move.