India negotiating trade agreement with US that will address tariff issues, says S Jaishankar
INDIA NEWS | Jaishankar's statement came after the US President Donald Trump threatened to hit US trade partners with reciprocal tariffs from April 2.
India and the United States are engaged in negotiations for a bilateral trade agreement to address the tariff issues, External Affairs Minister of India S Jaishankar said at an event hosted by Chatham House in London on Wednesday (March 5).
Jaishankar's remarks came after US President Donald Trump threatened to hit US trade partners with reciprocal tariffs from April 2.
The Indian minister said that many of Trump's priorities "work for us".
Jaishankar listed out Trump's priorities that align with India: his commitment to keeping energy prices reasonably affordable and stable; emphasis on development; use of technology as a game changer and openness to collaborative connectivity initiatives.
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Both India and the US had an “open conversation” on trade-related matters and agreed on the need for a bilateral trade agreement during Prime Minister Narendra Modi’s visit to the US last month.
Jaishankar said that the Indian Commerce Minister Piyush Goyal is currently in the US to negotiate the trade deal.
“One has to see where that goes,” Jaishankar said.
“When I look at our interests and our expectations of the relationship, there is a lot of promise that we see there," Jaishankar said, referring to the foreign policy of the Trump administration. He added that the US is moving towards multipolarity, and this suits India.
“We believe working with the US to strengthen the international financial and economic system should be a priority,” the Indian minister added.
