Home » News » India-US Trade Deal Talks Resume After Trump-Modi Thaw

India-US Trade Deal Talks Resume After Trump-Modi Thaw

by Emma Walker – News Editor

Top U.S. Trade ‌Negotiator Heads to India Amid Warming Ties with Trump Governance

New ‌Delhi -⁤ The chief U.S. negotiator for ⁢trade talks with India is en route to New ‍Delhi,signaling a potential resumption of discussions following a recent ‍thaw in relations between former President Donald Trump and Prime Minister Narendra Modi. ​The visit comes as both nations navigate complex ⁤geopolitical shifts and ongoing trade disputes.

The move follows a period of strained trade relations,marked by U.S.tariffs on certain ​Indian goods. These tariffs were initially imposed citing concerns over trade imbalances and, more ⁢recently, the slow pace of negotiations for an ⁢interim trade deal. In August, India’s exports to the U.S. fell to‌ $6.86⁣ billion ⁤from $8.01 billion in July,with the full impact of the higher⁢ tariffs​ expected ‍to be clearer⁢ in the⁤ coming month.

Negotiations, which began in march-April, have stalled over key ⁤sticking points, particularly U.S. demands for greater access to India’s agricultural and dairy sectors. Prime Minister Modi has publicly stated his commitment to protecting the interests of Indian farmers, establishing a⁢ clear ‌”red line” in the talks.‌ The original goal of finalizing a pact by September has shifted, with a new ⁣target of completing a first stage of the agreement by October-November.

The change⁣ in tone from the U.S. comes after an apparent rapport developed between Trump and Modi on social media. Trump has since‌ downplayed the Russia-Ukraine war as‍ “more of a Europe‌ problem” and urged the European Union to impose tariffs on China, while his administration officials have offered mixed signals.

Simultaneously, the U.S. ⁤is engaged in renewed trade talks with China,currently underway in Madrid,Spain. Key issues on the agenda ⁣include potential ​tariffs ⁤on Chinese goods and the future of TikTok,⁢ with the U.S. seeking a sale to a non-Chinese owner or a potential ban by September 17.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.