\n<\/p>\n
Jaishankar: India Aiming for Trade Agreement with US Amid Tariff Concerns<\/strong><\/p>\n On Wednesday, External Affairs Minister S. Jaishankar addressed the ongoing trade challenges between India and the United States, particularly in light of the new tariffs implemented by President Donald Trump. He stated that the full consequences of these tariffs are still unclear, but India plans to focus on finalizing a bilateral trade agreement with the US by this coming fall.<\/p>\n Jaishankar’s remarks were among the first detailed responses to the tariffs, which have affected several countries, including India. He noted that India might be the only nation currently working with the US to establish a trade deal since Trump began his second term in office.<\/p>\n The minister’s comments followed the immediate implementation of Trump’s tariffs, which caused concerns about trade disruptions and a potential global economic slowdown. India is maintaining a careful approach, actively engaging with the US administration on the proposed trade agreement.<\/p>\n \u201cI can\u2019t predict the impact right now because we simply don\u2019t know,\u201d Jaishankar said during the News18 Rising Bharat Summit. He emphasized India\u2019s commitment to open and constructive dialogue with the US. \u201cWe decided to start talks early and aim to negotiate a bilateral trade agreement by this autumn,\u201d he added.<\/p>\n After discussions between Prime Minister Narendra Modi and Trump in February, both nations agreed to begin negotiations for the trade agreement by fall 2025. Jaishankar expressed pride in India\u2019s unique position, stating, \u201cWe are likely the only country that has reached such an understanding since Trump\u2019s second term began.\u201d<\/p>\n He highlighted that countries worldwide are crafting their strategies for dealing with the US, and India\u2019s aim is clear: to secure a trade pact. \u201cOur strategy has a specific goal\u2014to find a way to conclude a bilateral trade agreement,\u201d he remarked, noting that this has long been a desire for India.<\/p>\n While addressing the current circumstances, Jaishankar pointed out that previous efforts to negotiate a trade deal during Trump’s first term fell short. He also referenced discussions held during President Biden\u2019s administration, which led to the formation of the Indo-Pacific Economic Framework for Prosperity, an initiative aimed at enhancing cooperation in areas like clean energy and digital trade.<\/p>\n Jaishankar concluded by reaffirming India\u2019s objective to work toward a bilateral agreement, viewing it as a positive and long-term goal despite the challenges posed by the recent tariffs.<\/p>\n\n","protected":false},"excerpt":{"rendered":" Jaishankar: India Aiming for Trade Agreement with US Amid Tariff Concerns On Wednesday, External Affairs Minister S. Jaishankar addressed the ongoing trade challenges between India and the United States, particularly in light of the new tariffs implemented by President Donald Trump. He stated that the full consequences of these tariffs are still unclear, but India<\/p>\n","protected":false},"author":1,"featured_media":9568,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[28],"tags":[10916,10917,10918,8715,2569],"class_list":["post-9567","post","type-post","status-publish","format-standard","has-post-thumbnail","category-india-news","tag-bilateral-trade-pact","tag-external-affairs-minister-jaishankar","tag-global-economic-recession","tag-india-us-trade-agreement","tag-trump-tariffs"],"_links":{"self":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts\/9567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/comments?post=9567"}],"version-history":[{"count":0,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts\/9567\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/media\/9568"}],"wp:attachment":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/media?parent=9567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/categories?post=9567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/tags?post=9567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}