India, US reach understanding on trade deal, Jaishankar says
External Affairs Minister S Jaishankar told a New York audience that India and the United States have reached "more or less an understanding" on a bilateral trade agreement, though the time taken and changes in the US tariff framework created strains. He highlighted Washington's limited appreciation of India's trade structure, the July imposition of a 10 percent Section 301 tariff after a forced labour probe, concerns over US responses to Pakistan-sponsored terrorism, and the politics of mobility as points of friction. Jaishankar also warned of a potential major food crisis tied to conflicts in Europe and West Asia and the coming El Niño, while talks continue ahead of an Indian trade minister visit to the US.
India and the US have a near-final understanding on a trade agreement.
Context
The two countries announced a February framework for a first-phase trade deal. The US…
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