New Delhi, Feb. 28 -- India will continue discussions with the United States to secure a trade arrangement that preserves its comparative advantage, Commerce and Industry Minister Piyush Goyal said on Friday.
India and the US earlier this month announced a framework for signing an interim trade deal. The framework provided for India eliminating or reducing tariffs on US goods while the US committed to lowering 'reciprocal tariff ' to 18% on Indian goods.
The US Supreme Court however recently struck down the country-specific tariffs imposed by the Trump administration. The US has since imposed a 10 per cent additional tariff on all imports, which it has indicated could rise to 15 per cent, removing India's earlier tariff edge.
Talks Ong...
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