US-India Trade Talks Intensify as Tariff Concerns Loom

A US delegation, led by Brendan Lynch, will visit India to discuss trade relations. The visit underscores ongoing efforts to establish a balanced trade agreement amid US tariff concerns. Indian officials hope for exemptions while both countries aim for a $500 billion trade pact by 2030.

A United States delegation, headed by Assistant U.S. Trade Representative for South and Central Asia Brendan Lynch, is set to visit India from March 25-29 for crucial trade discussions. This move highlights the U.S.'s dedication to fostering a productive and balanced trade relationship with India, a US embassy spokesperson announced.

Amidst anticipation of U.S. President Donald Trump's reciprocal tariffs set to take effect from April 2, Indian exporters express concern. India hopes for exemption as talks continue around a bilateral trade agreement. J.D. Vance, the U.S. Vice President, is also anticipated to visit India in April.

Industry experts have warned India against reducing tariffs under U.S. pressure, fearing an influx of cheaper Chinese products that could harm domestic manufacturers. Meanwhile, Trade Minister Piyush Goyal's recent U.S. visit and Prime Minister Narendra Modi's prior talks have set the stage for a phased trade deal by autumn 2025, with aspirations of $500 billion in bilateral trade by 2030.

(With inputs from agencies.)