Minister of State for Commerce and Industry Jitin Prasada has said that the government is studying all the developments and remains engaged with the US in the framework of negotiating a bilateral trade agreement (BTA).
Prasada said that the government continues to work closely with relevant stakeholders, including farmers, agricultural exporters, industry bodies, ministries/ departments and export promotion councils on issues related to import tariffs imposed by the US. Moreover, he said with a view to safeguarding India's trade interests, the government has taken into account inputs received from states on issues related to import tariffs imposed by the US.
The India-US BTA negotiations were launched following the meeting of leaders from both sides in February 2025, where the two countries adopted the ‘Mission 500’ objective of expanding bilateral trade to $500 billion by 2030. The two countries continued negotiations across multiple rounds and announced a framework for an interim trade deal on February 2, 2026.
