US President Donald Trump and Indian Prime Minister Narendra Modi attend a joint press conference at the White House in Washington on February 13, 2025 | File Image
\n\nThe United States has assured India that it will enjoy a comparative tariff advantage over peer economies under the proposed bilateral trade pact, reported news agency ANI, citing a senior government official. India and the US finalised a framework for the first phase of the bilateral trade agreement in February, following a phone call between Prime Minister Narendra Modi and US President Donald Trump. However, changes in the American tariff landscape have led to renewed negotiations, which are yet to conclude.
\n\n"The US has assured India of a comparative tariff advantage over its competitors in the trade deal. We will have to see how the tariff framework unfolds," the official said. However, the official cautioned that the advantage will depend on the final tariff structure.
\n\nEarlier today, External Affairs Minister S Jaishankar said that India and the US have sorted out the bulk of the issues relating to the proposed trade deal, including tariff lines, and the deal could be sealed "soon".
\n\nSpeaking at the HT Leadership Summit, Jaishankar said that the…
Original source: https://www.timesnownews.com/business-economy
