Washington DC [US]: US President Donald Trump on Tuesday (local time) indicated that Washington and New Delhi are nearing a new trade agreement, adding that tariffs on Indian goods could soon be reduced.<\/p>\n
The remarks came during the swearing-in ceremony of Sergio Gor as the new US Ambassador to India. \u201cWe\u2019re making a deal with India \u2014 a much better one than before,\u201d Trump said. \u201cRight now, they don\u2019t love me, but they will again. We\u2019re getting a fair deal. They\u2019re strong negotiators, so Sergio, you\u2019ll have to look into that. I think we\u2019re close to something that works for everyone.\u201d<\/p>\n
Later, speaking with reporters in the Oval Office, Trump confirmed that discussions on lowering tariffs were underway. \u201cThe tariffs are high because of the Russian oil issue, but India has cut back significantly. Yes, we\u2019re going to bring the tariffs down \u2014 at some point, they\u2019re coming down,\u201d he said.<\/p>\n
The statement follows recent comments from India\u2019s Commerce Minister Piyush Goyal, who described the ongoing bilateral trade talks as \u201cprogressing very well,\u201d while cautioning that several \u201csensitive and serious\u201d matters still need to be resolved.<\/p>\n
Since March, five rounds of negotiations have been held virtually and in person, with both sides targeting an agreement by late 2025. The proposed trade deal \u2014 first outlined in February under the directives of both leaders \u2014 aims to boost bilateral trade from the current USD 191 billion to USD 500 billion by 2030.<\/p>\n
In September, Minister Goyal led a high-level Indian delegation to Washington for discussions, followed by talks in New Delhi between India\u2019s Department of Commerce and a US delegation headed by Assistant US Trade Representative for South and Central Asia, Brendan Lynch. Both sides described the meetings as \u201cpositive and forward-looking,\u201d agreeing to accelerate efforts toward a mutually beneficial conclusion.<\/p>\n","protected":false},"excerpt":{"rendered":"
Washington DC [US]: US President Donald Trump on Tuesday (local time) indicated that Washington and New Delhi are nearing a<\/p>\n","protected":false},"author":3,"featured_media":1964,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[229],"tags":[],"class_list":["post-33521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world-news"],"magazineBlocksPostFeaturedMedia":{"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"colormag-highlighted-post":false,"colormag-featured-post-medium":false,"colormag-featured-post-small":false,"colormag-featured-image":false,"colormag-default-news":false,"colormag-featured-image-large":false},"magazineBlocksPostAuthor":{"name":"admin","avatar":"https:\/\/secure.gravatar.com\/avatar\/18e12f979c7dbcc2096868fc531de295a11443c392b4bb6e60ce343131707eaa?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":false,"magazineBlocksPostExcerpt":"Washington DC [US]: US President Donald Trump on Tuesday (local time) indicated that Washington and New Delhi are nearing a","magazineBlocksPostCategories":["World News"],"magazineBlocksPostViewCount":1,"magazineBlocksPostReadTime":2,"magazine_blocks_featured_image_url":{"full":false,"medium":false,"thumbnail":false},"magazine_blocks_author":{"display_name":"admin","author_link":"https:\/\/mediapbn.com\/?author=3"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/18e12f979c7dbcc2096868fc531de295a11443c392b4bb6e60ce343131707eaa?s=96&d=mm&r=g","magazine_blocks_category":"World News<\/a>","videoUrl":"","yoast_head":"\n