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Talks With US Underway For Trade Deal Framework
Financial Express Kolkata
|March 22, 2025
WITH JUST 11 days left for US President Donald Trump's tit-for-tat tariff to kick in, India on Friday said its negotiations with Washington are underway to build a framework for a bilateral trade pact that would address issues relating to levies and market access.
India remains engaged with the US at "various levels" to arrive at a mutually-beneficial trade agreement, ministry of external affairs (MEA) spokesperson Randhir Jaiswal said at his weekly media briefing. Jaiswal, however, did not directly respond to queries on whether India is expecting some kind of a waiver from Trump's reciprocal tariff that is coming into effect on April 2.
The US president indicated on Wednesday that Washington will not spare India from the new tariff regime, saying he has a "very good" relationship with New Delhi and has a "problem" with its tariff structure.
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