The United States and India have agreed to terminate six outstanding trade disputes between them at the World Trade Organization.
India also agreed to lift retaliatory customs duties it imposed on a number of U.S. products.
The major decision underscoring the close U.S-India bilateral economic and trade relationship was announced by United States Trade Representative Katherine Tai after Indian Prime Minister Narendra Modi's meeting with President Joe Bidens at the White House.
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Political News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.