India-US Trade: Deal talks on track, efforts to complete first phase soon - sources

News Topical, Digital Desk : Trade negotiations between India and the United States are on track, and both countries are working to conclude the first phase of the agreement soon, government sources said today. However, the date and venue of the next meeting have not yet been finalized, the sources said. Meanwhile, the impact of the pharmaceutical tariffs imposed by US President Donald Trump is being studied, they added.

Sources indicate

that negotiations between India and the United States regarding a bilateral trade agreement have intensified. Government sources say that the talks are progressing according to the deadline, and both countries are working towards concluding the first phase of the agreement by the fall of this year. This agreement is considered crucial in elevating trade relations between the two countries. Focus on the deadline Sources stated that the negotiations are still in their early stages, but progress is satisfactory. The goal is to conclude the first phase of the agreement by the fall season (September-October). To this end, both sides are closely discussing technical issues and sector-wise details. However, the date and location of the next meeting have not yet been decided. The impact of pharma tariffs: US President Donald Trump's tariff policy is also looming over the negotiations. Recently, the US imposed tariffs of up to 50% on pharmaceutical products, directly impacting exporters and pharmaceutical companies. This is why the impact of this tariff is being studied, and India is striving to find a solution through negotiations. Experts believe that this agreement is strategically and economically important for both countries. The US is a major trading partner of India, and any agreement could boost exports and imports. Currently, both countries are trying to reach agreement on a first phase of the agreement so that other complex issues can be resolved later. Sources say that the tone of the talks is positive and seriousness is being expressed at the political level as well. Stock Market Falls Due to Tariff Policy: The Trump administration's tariff announcements are leading to a sharp decline in the stock market. Today, Friday, the domestic stock market fell for the sixth consecutive day. The US has imposed a total tariff of 50 percent on trade with India. Additionally, H-1B visa rules have also impacted the market.
 

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