India cautious in talks with US after challenges in other pacts

 

India is exercising caution in its trade negotiations with the US. This careful approach stems from complications in America’s recent agreement with Japan, alongside ongoing difficulties in finalising deals announced by President Donald Trump with Indonesia and Vietnam. Commerce and Industry Minister Mr Piyush Goyal indicated that bilateral trade agreement discussions with the US and Oman have progressed significantly. He announced that US negotiators would visit India in the latter half of August to advance these discussions. Mr Goyal also emphasised that India would prioritise national interests over meeting deadlines in trade negotiations, indicating the government’s commitment to securing beneficial terms. Trump’s self-imposed tariff deadline is August 1, after which countries that don’t reach trade deals with the US will likely be hit with high tariff rates. Trump has also indicated that the US is nearing a trade deal with India, as per a report.

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