Business
Greer says India-US trade deal is not imminent
The Indian Express··2 Oct
U.S. Trade Representative Jamieson Greer said Thursday that India-U.S. trade talks are near the end but a signing is not imminent. He said both sides have mapped a universe of sticking points after meeting Piyush Goyal. Greer said President Trump and Prime Minister Modi held a constructive call and may speak again soon. Negotiators continue meetings in Washington.
Prism
What It Means For You
- Exporters still face existing U.S. tariffs, including a 10 percent levy tied to forced-labour grounds cited in the report.
- A new U.S. law lets Trump impose tariffs up to 100 percent on buyers of Russian oil and gas, including India.
- MEA has said India will keep diversifying energy sourcing based on market conditions.
What's Happening
- Greer called the talks the short strokes toward the end while denying anything imminent.
- Staff-level meetings were underway in the U.S. as Greer briefed reporters.
- A State Department investment climate report said U.S. FDI stock in India was $58.54 billion in 2024.
Pressure Around The Talks
- Washington is due to release a second Section 301 overcapacity investigation outcome.
- Essar's Mesabi Metallics announced an $18-billion U.S. steel investment cited in the same report.
- A White House transhipment paper placed India among tier 1 jurisdictions in a shadow network claim.
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