💨 Abstract

The US Trade Representative announced the ongoing negotiations for a Bilateral Trade Agreement (BTA) with India, aiming to improve market access, reduce tariffs, and address unfair practices. The US believes there is a lack of reciprocity in the current trade relationship with India. The US ran a $45.7 billion trade deficit with India in 2024 and is looking to level the playing field by negotiating a robust set of commitments.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖