Discussion with US authorities in a closed room, near July 9; There will be a big announcement about trading between India-us? -India and America that hold high -level discussions in Delhi negotiators are the tariff cuts

Negotiations are in New -Delhi about the Trade Agreement between India and the US. Officials of the US Trading Representative and Indian Business Defendants are considering tariff cuts and benefits for Indian businesses. The two countries intend to reach bilateral trade to $ 500 billion by 2030. Reuters, New -Delhi. US officials are currently in New -Delhi to discuss the trade with India. Senior officials of the US Office for Trade Representatives discussed in a closed room with Indian trade officials, led by negotiator Rajesh Aggarwal. It was the first day of a two -day conversation. It is believed that the Indo-American trade agreement could be finalized soon. Officials from both countries discuss tariff cuts in specific areas, including agriculture and car and benefits for Indian businesses. Piyush Goyal can return from Italy. In such a situation, a formal announcement is expected by the end of this month. According to officials, Cabinet Minister Piyush Goyal is currently in Italy, but he can return to meet the US delegation. India and the US have targeted to bring bilateral trade to $ 500 billion by 2030. America is India’s largest trading partner. In 2024, the bilateral trade in India reached the US $ 129 billion. India is in a $ 45.7 billion surplus. India is in profit due to the recent agreement with Britain and the ongoing discussions with the European Union. The US says the tariff on agriculture has reached 39 percent. The US is also putting the rice under pressure to enable wheat imports for ethanol production.