India, US Progress on Bilateral Trade Agreement: Commerce Dept.

• India and the US are progressing on a bilateral trade agreement, with recent meetings between Commerce Secretary Rajesh Agrawal and US Deputy Trade Representative Rick Switzer.
• The agreement aims to boost bilateral trade to $500 billion by 2030.
• Discussions focus on resolving US tariffs on Indian goods (textiles, chemicals, shrimp) and US demands for lower tariffs/market access for American farm products.
• Foreign Secretary Vikram Misri also met Switzer to discuss economic and technology partnership, trade negotiations, and resilient supply chains.
• Commerce Secretary expressed optimism for a solution this calendar year, despite delays from past US trade policy changes.

Why It Matters: India-US trade deal progress impacts future goods, tariffs, and economic ties.