India, US remain in regular contact on proposed trade deal: Commerce Secretary

India and the United States are continuing to communicate regularly about their proposed trade deal. This ongoing dialogue suggests that both countries remain committed to the framework agreement they reached earlier this year. The fact that they are still in contact is significant, as it indicates that they are working to address outstanding issues, such as the recent US tariffs on Indian goods due to labor concerns, and potential further tariffs on India for Russian oil imports.

Why it matters

India and the US are in regular contact regarding their proposed trade deal. The outcome of these talks is still uncertain, and it is unclear how they will affect the markets.

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