Progress in Indo-US Trade Talks Amid Looming Tariff Deadlines

Indian Trade Minister Piyush Goyal indicated positive progress in trade discussions with the United States, just ahead of potential reciprocal tariffs by President Donald Trump. A bilateral trade pact, which aims to benefit industries like agriculture and textiles, is under discussion with U.S. representatives actively visiting India.

In a critical development, Indian Trade Minister Piyush Goyal announced that trade discussions with the United States are making significant progress. This statement comes as both countries face the impending deadline for President Donald Trump's proposed reciprocal tariffs.

Minister Goyal emphasized the mutual benefits of a bilateral trade pact, which is still in negotiation. India is actively consulting with stakeholders across various sectors, including agriculture, engineering goods, and textiles, to ensure the agreement's advantages are far-reaching.

The announcement coincides with a visit from a U.S. delegation led by Assistant Trade Representative for South and Central Asia, Brendan Lynch, who is currently in India for a series of crucial trade talks.

(With inputs from agencies.)