<ul><li>India and the U.S. have started virtual trade negotiations, focusing on a broad package deal on tariffs and non-tariff barriers.</li><li>The talks may revolve around reducing overall tariffs, rather than achieving item-by-item parity.</li><li>The bilateral trade agreement is unlikely to include a zero-for-zero tariff strategy, as it would not be mutually beneficial for India and the U.S.</li><li>The negotiations aim to address issues such as goods, non-tariff barriers, professional visas, digital trade, e-commerce, and intellectual property rights.</li></ul>

India, US Start Trade Talks; Tariff Parity Unlikely, Focus On Rationalising Rates

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