- By Ajeet Kumar
- Tue, 08 Apr 2025 08:15 AM (IST)
- Source:JND
External Affairs Minister S Jaishankar and US Secretary of State Marco Rubio on Monday agreed on the need for "early conclusion" of the proposed India-US bilateral trade deal. The issue figured prominently during a phone conversation between Jaishankar and Rubio that came days after US President Donald Trump announced reciprocal tariffs for around 50 countries, including India. It was the first high-level contact between the two sides after Trump announced the tariffs on April 2.
In a post on X on the phone conversation, Jaishankar said his counterpart agreed on the importance of the early conclusion of the bilateral trade agreement between India and the US. The external affairs minister (EAM) also said that he and Rubio exchanged perspectives on the Indo-Pacific, the Indian subcontinent, Europe, Middle East and the Caribbean.
"Good to speak with @SecRubio today. Exchanged perspectives on the Indo-Pacific, the Indian subcontinent, Europe, Middle East/West Asia and the Caribbean," he said. "Agreed on the importance of the early conclusion of the bilateral trade agreement. Look forward to remaining in touch," Jaishankar added.
Good to speak with @SecRubio today.
— Dr. S. Jaishankar (@DrSJaishankar) April 7, 2025
Exchanged perspectives on the Indo-Pacific, the Indian Sub-continent, Europe, Middle East/West Asia and the Caribbean.
Agreed on the importance of the early conclusion of the Bilateral Trade Agreement.
Look forward to remaining in touch.…
Discussed reciprocal tariffs on India: US
"Secretary of State Marco Rubio spoke with Indian External Affairs Minister Subrahmanyam Jaishankar today. The Secretary and External Affairs Minister affirmed the strength of the U.S.-India strategic partnership and discussed opportunities to deepen collaboration in the Indo-Pacific region. They also discussed U.S. reciprocal tariffs on India and how to make progress toward a fair and balanced trade relationship," read the readout of the US side.
READ: Trump's Tariff War: Over 50 Nations Seek Trade Negotiations With US Amid Global Market Turmoil
India-US Trade talks
India and the US are currently holding negotiations on a bilateral trade deal. Following talks between Prime Minister Narendra Modi and Trump in Washington DC in February, the two sides announced to negotiate the first tranche of the bilateral trade agreement by fall 2025. Last month, US Assistant Trade Representative Brendan Lynch visited India and held talks with his Indian interlocutors on firming up the bilateral trade agreement.
In line with his "America First" policy, Trump announced reciprocal tariffs on its partners and other nations that impose higher levies on imports from the US. Saying New Delhi imposes high import duties on American goods, the US has announced 26 per cent reciprocal tariffs on India as the Trump administration aims to reduce the country's trade deficit and boost manufacturing. The 26 per cent duty is over and above the existing duty being faced by Indian goods in the US.
