Overview
- Commerce Secretary Rajesh Agrawal said Friday a US team is likely to visit in June for the next round of talks on an interim trade agreement, with dates still to be set.
- Indian negotiators met US counterparts in Washington in April to work through details under the broader bilateral trade agreement track.
- Following a February US Supreme Court ruling that ended reciprocal tariffs, Washington applied a 10% additional duty on all imports under Section 122 for up to 150 days starting February 24.
- India has joined US consultations on two Section 301 investigations and filed its responses, and these probes—used to examine unfair trade practices—can lead to open-ended tariffs.
- India says it will move when conditions are right for a balanced deal, as new data show exports to the US at $87.3 billion and imports at $52.9 billion, narrowing India’s surplus.