New Delhi, March 13 The commerce ministry said on Friday that India and the US are still engaged in discussions for a mutually beneficial bilateral trade agreement.
The ministry has denied reports about a halt to bilateral engagement.
"We have noted a media report regarding ongoing trade talks with the US. We would like to clarify that there is no hold-off in bilateral engagement. We reiterate that both sides remain engaged for a mutually beneficial trade agreement," the commerce ministry said in a statement.
These remarks are significant as the United States Trade Representative (USTR) launched a fresh round of Section 301 trade investigations on March 11, targeting the policies and industrial practices of 16 economies, including India and China.
Following a decision by the US Supreme Court striking down sweeping tariffs imposed by the US administration, President Donald Trump has announced 10% tariffs on all countries for 150 days, starting from February 24.