Updated On: 12 March, 2025 09:12 AM IST | New Delhi | Agencies
India and the US in February this year announced their commitment to double the two-way commerce to USD 500 billion by 2030

PM Narendra Modi (L) met with US President Donald Trump in February, 2025. Pic/X@narendramodi
India and the US are planning to negotiate a trade agreement and both countries will focus on increasing market access, reducing import duty and non-tariff barriers, and enhancing supply chain integration, Parliament was informed on Tuesday.
In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said that as on date, reciprocal tariffs have not been imposed by the US on India.