India and the US are set to conclude a round of trade talks in Washington on Wednesday, with negotiators seeking greater clarity on the future direction of their trading relationship.
The talks come amid significant turbulence, following the US Supreme Court's strike down of the Trump administration's sweeping reciprocal tariffs in February.
Under the original framework agreement announced in February, the US had committed to reducing tariffs on Indian imports from 50% to 18%, while India agreed to reduce tariffs on industrial and agricultural goods and purchase $500 billion worth of US products.
However, the US administration has since invoked Section 122 of the Trade Act of 1974 to impose a temporary 15% uniform tariff on imports from all countries, set to expire in July.
The conclusion of an interim bilateral trade agreement would resolve the Section 301 exposure for India, but officials warn that the window to do so before new tariffs are announced is narrowing.
