India and the United States have resumed in-person trade negotiations in New Delhi today, marking a significant step toward resolving recent trade tensions. The discussions come after a hiatus following the imposition of steep tariffs by the U.S. on Indian goods.
The U.S. delegation, led by Assistant U.S. Trade Representative for South and Central Asia, Brendan Lynch, arrived in New Delhi late Monday evening. The one-day talks are scheduled to address the proposed Bilateral Trade Agreement (BTA) between the two nations. This marks the first in-person meeting since the U.S. imposed a 50% tariff on Indian exports, including a 25% penalty for India’s continued purchase of Russian oil. These tariffs were introduced in August and have been a point of contention between the two countries.
India has strongly criticized the U.S. tariffs, labeling them as “unfair, unjustified, and unreasonable.” In response, India has called for a reassessment of its commitments under the World Trade Organization’s Information Technology Agreement (ITA), suggesting a potential withdrawal or renegotiation to better protect its domestic IT hardware manufacturing sector.
The resumption of talks is seen as a positive development, with both sides expressing optimism about finding common ground. Prime Minister Narendra Modi and U.S. President Donald Trump have both indicated a willingness to move forward with trade negotiations. Commerce Secretary Sunil Barthwal described the two sides as being in a “positive frame of mind” regarding trade matters.
The outcome of today’s discussions could pave the way for a comprehensive trade agreement, aiming to enhance bilateral trade and address existing trade barriers. Both nations are keen on strengthening their economic ties, with the BTA serving as a potential framework for future cooperation.
As the talks progress, stakeholders from various sectors will be closely monitoring the developments, hopeful that a mutually beneficial agreement will emerge from the renewed dialogue.
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