India and the United States have commenced high-level trade negotiations aimed at rescuing a proposed bilateral agreement that was upended by recent shifts in US tariff policy.
The talks, which began on Tuesday, focus on recalibrating a framework originally announced in February.
That initial deal was built around specific tariff commitments that were later rendered uncertain following a US Supreme Court ruling that struck down sweeping tariffs previously announced by the Trump administration.
The diplomatic push comes as India seeks to secure a competitive tariff advantage over other Asian economies within the broader context of the comprehensive trade agreement.
The top US trade diplomat is currently in New Delhi to advance these discussions, signaling a renewed effort to stabilize the commercial relationship between the two nations.
For markets, the outcome of these talks carries significant weight for sectors exposed to US-India trade flows, including technology services, pharmaceuticals, and agricultural exports.