United States Secretary of the United States Howard Lutnick | Photo credit: Bonnie Cash
India and the Us are Likely to Strike A Trade deal in “The Not-Too-Distant Future” which Will not include EveryTHING, AS EARLIER INDICATED BY US PRESIDENT DONALD TRUMP, BUT BRING DOWN TAIFS TO A REASONABLE AND USNATE LEVEL LEVEL LEVEL Leve The Levrioate, Reduce the Levrioate Levrioate Levelate The Commerlate The Commerate The Commerate, Reduce The Level LEVEL LEVEL, the compression of reducing, reduces, reduces, he said.
“I should expect an agreement between the United States and India in the not too distant future, because I think we have found a place that really works for both countries,” said Secretary of Commerce Howard Lutnick at an event of the Strategic Forum of the US India. UU. On Monday, and added that countries that reach an early agreement obtain a better treatment.
While coined that India had protectionist tariffs, the Secretary of Commerce hit a conciliatory note by mentioning compensation in the agreement and the insurance that the United States would be friendly to India, demolishes its tariffs.
“I will treat you incredible in the things that are important for you and that you knock your tariffs and give us access to the market, and we will find an adequate place in the middle,” he said.
In addition, he indicated that the commercial agreement can have space for sensitive items even though Trump said that India would eliminate tariffs on all articles. “I would like reasonable market access for our business to India’s markets. It will not be everything and everywhere, but we because the commercial deficit was reduced,” he said.
Lutnick, however, did not specify what the United States was willing to give to India. Nueva Delhi has been looking for more access for its intensive labor products, such as readymaderas, leather, pharmaceutical and fruits and vegetables, and also easier and faster work visa provisions for its professionals.
A commercial agreement is important for India to avoid the full coup of the reciprocal rates of the United States, announced by the president of the United States, Donald Trump, on April 2, which postpones for a 90 -day period until 9. India wants the tar of 26 per slapped center that has already imposed the leg.
In addition, New Delhi Washington will also extend an exemption on 50 percent tariffs on steel and aluminum imports imposed on all countries.
A team of commercial officials of the United States will be in India this week to carry out negotiations on the bilateral trade of India-United States united after meetings between the Minister of Commerce and Industry, Piyush Goyal and Lutnick in Washington, DC last month.
“India has very protectionist tariffs. I think the idea of looking at them and bringing them to a reasonable and appropriate level, so we can be great commercial partners with each Eather, I think it is absolutely on the table.
Apprecious to India for trying to move quickly in the agreement, Lutnick said the previous countries obtained a better treatment. “Those who enter, you know, from July 4 to 9, there will be a lot. But those who are previous, and I think India is trying to be one of the previous counters, what I appreciate.”
The United States has been executing a commercial deficit with India for several years. In the 25-year fiscal year, the commercial surplus of India increased to $ 41.18 billion of $ 35.32 billion in fiscal year 2014. The United States continued to be the largest commercial partner in India in 2024-25, with a bilateral trade in $ 131.84 billion.
Posted on June 3, 2025