Textile stocks today: Shares of textile companies surged on Tuesday as investors cheered signs that India and the United States may soon revive formal trade negotiations.
The rally coincided with the arrival of Brendan Lynch, a senior trade negotiator with the Office of the U.S. Trade Representative (USTR), who is in India for a one-day visit to discuss “trade issues” with Indian officials.
Special Secretary Rajesh Agarwal clarified that Lynch’s trip was not part of the sixth round of formal negotiations on a Bilateral Trade Agreement (BTA), but only an informal meeting to review issues.
Add Zee Business as a Preferred Source
India and the U.S. launched BTA negotiations in March and have completed five rounds so far, with the last one held in July in Washington. The sixth round, scheduled for August 25–29 in New Delhi, was deferred after President Donald Trump announced a doubling of tariffs on Indian goods to 50 per cent.
Trade ties have shown signs of thawing in recent days. Trump called Prime Minister Narendra Modi a “dear friend” and spoke positively about trade momentum, while Modi described the U.S. and India as “close friends and natural partners” and voiced confidence that talks would unlock “significant potential” for both nations.
