Tag: Summit

Significant progress made in US-India trade talks

HYDERABAD, JUNE 18 -- India says "significant progress" has been made in efforts to seal a long-awaited trade deal with the United States (US). This was among the issues discussed by Indian Prime Minister Narendra Modi and US President Donald Trump during their meeting on the sidelines of the Group of Seven (G7) Summit in Evian, France on Wednesday. "The leaders expressed satisfaction at the significant progress made in the negotiations towards an Interim Bilateral Trade Agreement and directed their respective officials to finalize an agreement that is balanced, mutually beneficial and of significant commercial value as soon as possible," said a statement from the Indian Ministry of External Affairs. According to the statement, US Trade Representative Jamieson Greer will visit India next week regarding the matter. Responding to a question about the ongoing trade talks, Trump described Modi as a "tough" negotiator. "We've been going through this process for some time and he's a very tough negotiator, one of the toughest," Trump said, pointing at the Indian leader. The US and India agreed on an interim trade deal in February this year which saw the US reduce tariffs to 18 percent. In 2025, Trump imposed a 25 percent tariff on India as well as an additional 25 percent penalty for buying oil from Russia. -- BERNAMA

HYDERABAD, JUNE 18 — India says “significant progress” has been made in efforts to seal a long-awaited trade deal with the United States (US). This was among the issues discussed by Indian Prime Minister Narendra Modi and US President Donald Trump during their meeting on the sidelines of the Group of Seven (G7) Summit in […]