US Commerce Secretary Howard Lutnick Optimistic on Imminent India-US Trade Deal | USISPF Summit 2025

Описание: U.S. Commerce Secretary Howard Lutnick has expressed strong optimism about the imminent finalisation of a major trade agreement between India and the United States. Speaking at the 8th US-India Strategic Partnership Forum (USISPF) Leadership Summit in Washington, Lutnick highlighted that both nations have found common ground that benefits both sides.

The remarks come amid accelerated discussions following President Donald Trump's reciprocal tariffs initiative, which included India. Although the new tariffs have been paused until July 8 (excluding China), negotiations remain intense, with India pushing for full exemption from the additional 26% tariff.

Lutnick's statement aligns with a broader US effort to fast-track key trade deals before the July 8 deadline. While President Trump recently claimed that India offered a tariff-free trade deal, Indian officials clarified that talks are ongoing to reach a mutually beneficial arrangement.

#IndiaUSTrade #USISPF #HowardLutnick #TradeDeal #GlobalEconomy

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