US-India Trade Talks Intensify as Tariff Deadline Nears
With President Trump's April 2 tariff deadline looming, US and Indian officials are meeting to finalize a trade framework addressing tariffs, market access, and supply chain integration.
- Assistant US Trade Representative Brendan Lynch has arrived in India for five days of bilateral trade discussions from March 25-29.
- The talks aim to finalize a framework for a bilateral trade agreement, focusing on reducing tariffs, addressing market access, and enhancing supply chain integration.
- President Trump has threatened to impose reciprocal tariffs on India starting April 2, raising concerns about potential trade tensions.
- India has proposed removing the 6% equalisation levy on online advertising as a concession to address US concerns.
- Both nations are working toward a long-term goal of doubling bilateral trade to $500 billion by 2030, with an emphasis on energy, defense, and technology sectors.