As Beijing, Washington dial down, Piyush Goyal to lead team for US trade talks

News Snapshot:

A “large Indian trade” delegation led by Union Commerce Minister Piyush Goyal is set to visit the US for talks next week to potentially finalise the contours of an interim trade agreement between the two countries, a senior government official said Thursday. The fresh round of trade talks with the US assumes significance as it follows the conclusion of a surprise US-China trade deal that saw substantial reductions in the “tit-for-tat” tariffs. “The deal has only resulted in a de-escalation of tensions. But substantial tariffs on China remain. India is focusing on its competitiveness,” an official said in response to...