<h1>India-US trade talks aim to address punitive tariffs and restore market access while expanding technology cooperation including AI.</h1> Negotiations on a proposed bilateral trade agreement focus on addressing recently imposed high US tariffs (including a 50% tariff and an additional 25% levy on certain crude oil imports) to restore market access for Indian exporters. The first phase of the agreement is reported as nearing closure and seeks tariff relief and resolution of US market access issues. Concurrently, the agenda includes a structured strategic trade dialogue and expanded technology cooperation, explicitly covering artificial intelligence, alongside consideration of trade data showing export declines linked to the tariffs.