US Commerce Secretary Howard Lutnick said there’s a chance to negotiate a broad trade agreement with India that addresses tariff imbalances as well as thorny issues for Washington like the South Asian nation’s purchase of Russian weapons and involvement in a BRICS push to dethrone the dollar.

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NEW DELHI (Reuters) - India's high tariffs require a rethinking of its "special relationship" with the United States and should be brought down, U.S. Commerce Secretary Howard Lutnick told India Today television on Friday. The United States is interested in a large and broad-based trade deal with India, Lutnick added.

US Commerce Secretary Howard Lutnick, speaking at the India Today Conclave, urged India to open its agriculture sector for trade and stressed that it “can’t stay closed”

India needs to buy more defence products and lower its tariffs on US products for the two countries to be able to sign a "grand" bilateral deal, US Commerce Secretary Howard Lutnick says.

NEW DELHI (Reuters) - India should bring down its high tariffs for the Unites States as Washington means to pursue "something grand" in a bilateral trade deal between the two countries, U.S. Commerce Secretary Howard Lutnick told India Today television on Friday.

Howard Lutnick said that India should consider opening up sensitive sectors like agriculture, which it has traditionally protected to safeguard small farmers.