India faces both challenges and opportunities due to reciprocal tariffs in ongoing trade talks with the US.
By Aniket Chakraborty
Apr 17, 2025
Commerce Secretary Sunil Barthwal emphasized India’s commitment to a path of trade liberalization with the US.
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Image Credit | Sunil Barthwal | LinkedIn
Earlier this week, President Trump paused reciprocal tariffs for countries in trade negotiations, with a 10% tariff in place for some.
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The 125% tariff on China remains in effect, while negotiations continue with other countries, including India.
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India’s goal is to increase bilateral trade with the US to USD 500 billion by 2030, with a bilateral trade deal in the works.
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Union Minister Piyush Goyal reassured that India is handling the US reciprocal tariff issue strategically for long-term gains.
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Prime Minister Modi and President Trump agreed to strengthen bilateral ties, with talks aimed at finalizing a trade deal by fall 2025.
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The India-US Joint Statement from February 2025 set the target of expanding bilateral trade, focusing on fairness, security, and job creation.
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Representatives from India and the US are making progress on the first phase of the Bilateral Trade Agreement (BTA), expected to be completed by fall 2025.
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Indian and US trade delegations will hold discussions this week, with in-person meetings scheduled for May.