India, Jan. 29 -- There has been progress in trade negotiations with the US and talks are still underway, the Indian government said on Thursday amid focus now shifted to the trade discussions with Washington after New Delhi signed a "mother of all" agreement with the European Union (EU) earlier this week.

The India-US trade talks will determine the fate of President Donald Trump's 50 per cent tariffs imposed on Indian imports.

In its annual economic survey presented on Thursday, the government acknowledged that it was currently subjected to a tariff rate of 50 per cent on goods exported to the US. "There has been progress in the negotiations of the trade deal between the two countries," a part of the Economic Survey 2025-26 read.

It a...