High-Stakes Trade Negotiations: India and U.S. Seek Resolution

India and the United States have entered into significant trade discussions following the imposition of a 25% tariff on Indian exports by Washington. This action potentially affects around $40 billion of South Asia's trade with the U.S.

According to a knowledgeable Indian government source, the negotiations aim to ease tensions and seek a mutually beneficial resolution. The tariff has raised concerns over economic repercussions for India's export sector.

To further the dialogue, a U.S. delegation is slated to visit New Delhi later this month, signaling ongoing efforts to resolve the trade issues amicably.

(With inputs from agencies.)