US trade negotiators are expected to reach India on Tuesday for trade discussions, Special Secretary in the Ministry of Commerce, Rajesh Agarwal, said at a press briefing.
This is the first in-person trade talks after the US imposed steep 50 per cent tariffs on India last month. The negotiations, scheduled to take place on August 25, were also deferred following the imposition of these tariffs.
US President Donald Trump, in a social media post last week, said that India and the US are “continuing negotiations to address the trade barriers”. Responding to his post hours later, Prime Minister Narendra Modi said both countries “will work together to secure a brighter, more prosperous future”.
To ease the pressure of US tariffs on exporters, the government is also working on a package to address the immediate liquidity crunch faced by manufacturers.
© The Indian Express Pvt Ltd
