US President Trump announced India's intent to lower tariffs on certain goods, amidst ongoing trade discussions. Formal trade negotiations between India and the US are set to commence in Washington, focusing on resolving trade barriers and boosting economic cooperation.

Trade negotiations are especially urgent for India, which could be hit hard by Trump’s tariffs, particularly in the agriculture, processed food, auto components, high-end machinery, medical equipment and jewelry sectors.

U.S. Trade Representative Jamieson Greer said the USTR and India’s Ministry of Commerce and Industry have “finalized the terms of reference to lay down a roadmap fo