Particle.news
Download on the App Store
10 ARTICLES
·
yesterday

U.S. Team to Hold Dec. 10–12 Trade Talks in New Delhi Led by Deputy USTR Rick Switzer

The meetings aim for a year-end framework to ease steep U.S. duties that have curbed Indian exports.

Image
President Donald Trump at the U.S. Institute of Peace in Washington, D.C., U.S., December 4.
Image
The Indian flag, the U.S. flag and people miniatures with laptops are seen in this illustration taken March 10, 2024 | File Photo | Reuters

Overview

  • Sources say the three-day discussions are not a formal round and will focus on the first phase of a bilateral pact.
  • The visit will be the second since Washington imposed a 25% tariff plus a 25% penalty on select Indian goods linked to Russian crude purchases.
  • India’s exports to the U.S. fell 8.58% in October to $6.3 billion, with textiles, gems and jewellery, leather, footwear and shrimp among the hardest hit.
  • Assistant USTR Brendan Lynch remains the U.S. chief negotiator, while India’s delegation is led operationally by Joint Secretary Darpan Jain under Commerce Secretary Rajesh Agrawal.
  • A broader Bilateral Trade Agreement is advancing on a separate track with a stated goal of lifting trade toward $500 billion by 2030.