Finance Minister Nirmala Sitharaman stated that ongoing India-US trade agreement negotiations have reached a plateau, making further concessions difficult for both sides.
The trade balance currently favours India, prompting Washington to seek measures to reduce the existing imbalance during these rigorous discussions.
Despite recent high-level meetings between Commerce Minister Piyush Goyal and USTR Jamieson Greer, the proposed interim bilateral trade agreement remains unsigned following previous legal challenges.