India Reports Ongoing Talks with the United States to Reach a Trade Agreement

Days after the implementation of punitive tariffs in Washington, India’s Minister of Commerce and Industry, Piyush Goyal, announced ongoing negotiations with the United States for a bilateral trade agreement. Goyal, speaking at a global summit on sustainable development in New Delhi on Tuesday, confirmed that negotiations between the U.S. and India were in progress. ‘We are in discussions with them regarding a bilateral agreement,’ he stated, without specifying when the talks took place. President Donald Trump mentioned on Monday that India had expressed willingness to reduce tariffs on American goods to ‘zero.’ The Trump administration initially announced a 25% tariff on Indian goods earlier this year…