Trade hope rises in US-India talks

US Commerce Secretary Howard Lutnick said Monday that he is "very optimistic" that a trade deal with India will be achieved soon, likely avoiding tariffs that are slated to go into effect on President Donald Trump's July 9 deadline.

Lutnick, addressing at the US-India Strategic Partnership Forum, stated that both countries are trying to reduce tariffs and strengthen trade relations. He noted past US concerns over India’s trade practices but praised recent efforts by the Indian government to address them, according to Firstpost.