India-U.S. Trade Talks Seek Path Forward Amid Tariff Tensions
Trade discussions between India and the U.S. have been described as 'positive' as both nations work towards finalizing a mutual trade agreement. Challenges linger, including India's Russian oil purchases and U.S. demands on agriculture, while tariffs impose further economic strain.
The latest trade talks between Indian and U.S. officials were deemed 'positive' and 'forward-looking,' New Delhi has announced. The discussions come in the wake of President Donald Trump's imposition of punitive tariffs on India, in response to its oil purchases from Russia.
Heading the talks were Brendan Lynch, Assistant U.S. Trade Representative for South and Central Asia, and Rajesh Agrawal, India's Chief Negotiator. The focus was on advancing the potential of a bilateral trade agreement, yet specifics remain undisclosed.
The discussions mark a step towards a formal sixth round of negotiations. Nevertheless, questions persist about India's willingness to meet the U.S. administration's demands over Russian oil and opening its agriculture and dairy sectors to American firms.
(With inputs from agencies.)
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