India and United States (US) Negotiate Trade Pact and Section 301 Tariff Relief

Exam-focused facts from the 3 June 2026 current affairs briefing.

Key facts

A United States (US) delegation led by chief negotiator Brendan Lynch will hold three-day talks with Indian trade officials in New Delhi starting Tuesday.
The US administration launched investigations under Section 301 of the Trade Act of 1974 into unfair trade practices against several trading partners, including India.
The US administration imposed a blanket 10% tariff following the Section 301 investigations.
India is seeking preferential tariff rates compared with developing countries in South Asia and Southeast Asia, including Bangladesh, Pakistan, and Sri Lanka.
US Trade Representative (USTR) Jamieson Greer may visit India once the broad contours of the trade agreement are finalised.