04-April-2025
Economy News
 
With Prime Minister’s Office push, India finalises terms for US trade deal
02-Apr-2025

A DAY BEFORE the US reciprocal tariffs kick in on April 2, India has agreed to the Terms of Reference for the Bilateral Trade Agreement with the US following an intervention from the Prime Minister’s Office (PMO). The ToR outlines the framework of the BTA and typically requires clearance from the highest political office before negotiations begin. “The PMO is keen on a swift finalisation of the deal,” a senior government official told The Indian Express. Finalisation of the ToR was still pending on Saturday when US negotiators left India after four days of talks. Both sides are now ready for formal negotiations where India is expected to lower tariffs on American goods in exchange for US concessions, the government official said.

News Source:- https://indianexpress.com/article/business/economy/india-finalises-us-trade-deal-terms-trump-says-delhi-dropping-tariffs-9919140/