US Team in India for Trade Talks; Goyal Notes Progress

• A US trade delegation, led by Rick Switzer, is in India for discussions on a bilateral trade agreement and broader economic partnership.
• Union Minister Piyush Goyal expressed optimism, stating that trade talks between India and the US are "progressing well."
• Key discussions cover increasing bilateral trade, strengthening supply chains, and agricultural market access.
• US tariffs imposed on Indian goods by the Trump administration remain a significant obstacle to a comprehensive trade pact.
• Both nations aim for a framework solution this year, with a long-term goal to boost bilateral trade to $500 billion by 2030.

Why It Matters: US-India trade talks advance, potentially boosting bilateral commerce and supply chains.