New Delhi: After a gap of nearly two months, India and the US will hold talks on trade issues, with a team led by the chief negotiator visiting Washington soon. While the dates are being finalized, US Ambassador to India Sergio Gore said: “The US and India have previously agreed to a trade agreement, and we look forward to welcoming an Indian delegation to Washington later this month.Gore’s social media post came after a meeting with US Trade Representative Jamieson Greer on Thursday. On February 2, India and the US had announced a bilateral trade agreement with Washington imposing 18% reciprocal tariffs, but the agreement was put on hold after the US Supreme Court ruled the tariffs illegal. Since then, all US imports have been subject to an additional 10% duty for 150 days. The meeting is likely to take stock of the situation, given that the Trump administration has not yet unveiled its future strategy. While working on the plan, he has ordered Section 301 investigation on many countries including India. India has said it will seek an agreement that ensures comparative advantage over other countries in the region, including China, Vietnam, Bangladesh and Sri Lanka.
