```html
India-US Trade Negotiations
As over 75 countries aim to sign trade deals with the US during a 90-day pause to avoid reciprocal tariffs, India is focusing on replacing third-country imports to the US. This strategy is intended to bridge the trade gap between India and the US.
Trade Agreement Discussions
- A senior government official stated that virtual discussions would commence, with clarity on duty concessions expected by the end of May.
- An interim trade deal might be signed if substantial progress is made during the 90-day window.
- India is confident in addressing the US trade deficit and absorbing more imports, potentially strengthening its position compared to other countries like Vietnam.
India's Strategic Position
- India aims to increase its exports to the US, potentially elevating the overall trade to $500 billion.
- The Commerce Minister, Piyush Goyal, emphasized national interest over deadlines in negotiations.
- Both the US Treasury Secretary and US Trade Representative have indicated positive progress in talks with India.
WTO Compliance and Challenges
- The trade agreement will adhere to World Trade Organisation (WTO) rules, countering claims of the US abandoning the current world trade order.
- Section 301, invoked by the US, is under the "security exception" clause of WTO, allowing unilateral actions against perceived unfair trade practices.
Global Trade Dynamics
- China has accused the US of "unilateralism and economic hegemony," citing Section 301 tariffs as damaging to global trade order.
- The WTO panel ruled in favor of China against US tariffs, but the US's appeal has stalled due to a paralysed WTO Appellate Body.
Ravi Dutta Mishra is a Principal Correspondent with expertise in trade policy, contributing to The Indian Express and other notable outlets. ```