Overview

• The US and India have commenced a three-day round of in-person negotiations in Washington to advance a bilateral trade agreement.
• President Trump confirmed India’s intent to lower tariffs on select goods, though details on timing and specific products remain unclear.
• The finalized Terms of Reference outline 19 chapters covering tariffs, non-tariff barriers, and customs facilitation as key negotiation topics.
• The US seeks broader market access for American exports and reductions in trade barriers to address a $45.7 billion trade deficit with India in 2024.
• US Vice President JD Vance has called on India to reduce non-tariff barriers to improve access for American businesses.