US Vice President JD Vance and Second Lady Usha Vance will visit India this month as part of ongoing trade negotiations. The visit aligns with efforts to enhance market access and reduce tariffs, targeting a Bilateral Trade Agreement to be concluded by fall 2025 and aiming to double trade to $500 billion by 2030.
US Vice President JD Vance and Second Lady Usha Vance will visit India this month, as reported by POLITICO, based on multiple reliable sources. Usha Vance’s family has ties to India, with her mother being a molecular biologist and her father a mechanical engineer, both emigrating from Andhra Pradesh.
During his earlier visit to France and Germany, JD Vance criticized European governments for their handling of issues including illegal migration and religious freedoms at the Munich Security Conference. The upcoming visit to India coincides with ongoing trade negotiations between India and the US.
High tariffs from countries like Brazil, India, and China were recently mentioned by US President Donald Trump, with plans for reciprocal tariffs set to activate on April 2. Indian officials remain optimistic about reaching a resolution through these trade talks.
Union Minister Jitin Prasada, speaking in Parliament, emphasized the commitment between India and the US to enhance market access, lower tariff and non-tariff barriers, and improve supply chain integration. These discussions follow the US visit by a delegation led by Minister Piyush Goyal, who highlighted advances towards a Bilateral Trade Agreement (BTA) expected to conclude by fall 2025.
India is currently engaging in inter-ministerial discussions aimed at reducing high tariffs on automobiles and other products for the benefit of both nations. Prime Minister Narendra Modi and President Trump previously agreed on February 13 to initiate negotiations for the BTA, setting a target to increase bilateral trade to $500 billion by the year 2030 through a goal termed “Mission 500.”
The planned visit of US Vice President JD Vance and Second Lady Usha Vance to India marks a significant moment amid trade negotiations. With both nations focusing on enhancing market access and lowering tariffs, the discussions may lead to the conclusion of a Bilateral Trade Agreement by 2025, aiming to double bilateral trade to $500 billion by 2030. This visit symbolizes the growing economic ties between the US and India.
Original Source: www.hindustantimes.com
