India-US Trade Talks Begin Dec 10 Amid Tariff Concerns

• India and the US will hold three-day trade talks from December 10-12, focusing on the first phase of a bilateral trade agreement.
• The US delegation will be led by Deputy USTR Rick Switzer, with Brendan Lynch as the main negotiator, while India's side is led by Darpan Jain.
• These talks are crucial amid US tariffs and penalties on Indian goods following India's crude oil purchases from Russia.
• India aims for a framework trade deal this year to address tariff issues, with a long-term goal to boost bilateral trade to $500 billion by 2030.
• The US remains India's largest trading partner, but Indian exports to the US have recently declined due to increased tariffs.

Why It Matters: India-US trade talks aim to resolve tariff issues and boost bilateral trade.