India and the US are progressing on the first phase of the Bilateral Trade Agreement. An Indian delegation is expected to visit Washington this week to discuss increased imports of oil, gas, and renewable technologies, strengthening trade and energy cooperation
India is pressing the US for tariffs below 20% and removal of the 25% levy on Russian oil purchases. Jaishankar flagged “double standards” on energy access during ongoing trade talks in New York.
Piyush Goyal met US Trade Representative Jamieson Greer in New York to advance trade talks, as discussions remain overshadowed by Trump’s H-1B visa restrictions and accompanied by recent birthday exchanges between Modi and Trump.
Former US Commerce official Christopher Padilla said Trump’s H-1B visa restrictions would impact India-US trade negotiations, adding agriculture and tariffs remain difficult issues as both countries push forward sensitive bilateral discussions.
India-US trade talks resumed in New York as officials, led by Brendan Lynch and Rajesh Agrawal, discussed pending trade issues. Optimism follows supportive statements by PM Modi and President Trump, signaling renewed momentum in bilateral trade negotiations amid improving relations
US trade envoy Brendan Lynch met India’s negotiator Rajesh Agrawal as talks resumed. Analysts say a narrow package on tariffs, agriculture, and standards could lead to an early deal despite oil tensions.
Sensex and Nifty opened higher on Thursday, tracking gains in Asian markets and hopes of a US Fed rate cut. Optimism over India-US trade talks also supported sentiment, even as FIIs sold shares while DIIs provided strong buying support.
