India, US to hold trade talks in New Delhi on Tuesday, negotiator says

Trade Talks - India and the United States will hold trade talks in New Delhi, following the imposition of punitive tariffs by the U.S. on Indian exports [1][2] - The trade talks are described as a "fast-track" initiative by India's chief negotiator, Rajesh Agarwal [1] Export Data - India's overall exports decreased to $35.10 billion in August from $37.24 billion in July, marking a significant decline [2] - Exports to the United States specifically fell to $6.86 billion in August from $8.01 billion in July [3] - The total shipments from India to the U.S. from April to August amounted to $40.39 billion [3] Trade Gap - India's trade gap narrowed to $26.49 billion in August, down from $27.35 billion in July [2] Tariff Impact - The U.S. imposed an additional 25% tariff on Indian goods starting August 27, raising the total tariff on Indian exports to 50% [2] - The full impact of these higher tariffs on Indian goods imports is expected to be felt in the following month [3]