Overview
- The Commerce Ministry said Goyal will lead a delegation to Washington on Sept. 22 to push for an early, mutually beneficial Bilateral Trade Agreement.
- Chief negotiator Rajesh Agrawal will join the trip, which includes meetings in Washington and New York after daylong talks in New Delhi with U.S. counterpart Brendan Lynch.
- The U.S. tariff measures total 50% on certain Indian goods, combining a 25% reciprocal duty effective Aug. 7 and a further 25% penalty tied to Russian oil purchases effective Aug. 27.
- Key sticking points remain market access for U.S. agriculture and dairy versus India’s farmer protections and energy sovereignty, even as both sides pledge to intensify efforts.
- Negotiators have completed five rounds and still target a first tranche by late 2025, with India’s chief economic adviser expressing optimism about a near‑term resolution to the tariff standoff.