In doubling bilateral trade to $500 billion, Delhi will have to pick up threads from Trump 1.0

News Snapshot:

US PRESIDENT DONALD Trump and Prime Minister Narendra Modi on Thursday announced plans to sign a bilateral trade agreement (BTA) by the end of this year and double total bilateral trade to $500 billion by 2030. The India-US joint statement said Modi and Trump are committed to “designate senior representatives” to negotiate the “first tranche” of a mutually beneficial, multi-sector BTA by autumn 2025. The joint statement said the US welcomed India’s recent measures [announced in the Union Budget] to lower tariffs on US products of interest, such as, motorcycles, agricultural products, and medical devices, among others. Ahead of Modi’s...