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www.newsindiatimes.com – that’s all you need to know News India Times (June 27, 2026 - July 3, 2026) July 3, 2026 6 US - India: Special Report other economies). Watch how the resulting tariff rates from both investigations, which are likely to be implemented in late July, reshape India’s final tariff burden and trajectory of the bilateral trade agreement negotiations if a deal is not announced before then. • Expanding trade channels beyond the deal: Alongside the sectors cov- ered by the trade deal, broader geoeconomic opportunities are opening between New Delhi and Washington, particularly around securing sensitive supply chains. Disruptions to India’s energy and commodities imports fromWest Asia have highlighted the United States as a potentially reliable alternative source for crude oil, LPG, petrochemicals, and ethyl- ene glycol, pointing to areas of cooperation beyond the current trade negotiators track. • Leveraging the Quad: The Quad itself is mobilising nearly $20 bil- lion to support for critical miner- als supply chains, collaborating on Next-Gen Communication Standards, and now working to stabilise energy markets in the Indo-Pacific, for both upstream and downstream energy products. Watch if the Quad can sustain this momentum and open up new areas of U.S.-India cooperation beyond the bilateral relationship. • G20 Summit in Miami: The next meeting between Modi and Trump will be the G20 Summit in December hosted by President Trump in Miami. For the ‘Finance Track’ agenda, the U.S. has prioritised financial regula- tion, global imbalances, debt trans- parency, digital assets, cross-border payments, payments fraud, and financial literacy—all subjects the G20 has covered before and India has supported. For the Sherpa Track, the U.S. has prioritized regulatory barriers, energy supply chains, and AI. Prime Minister Modi has always advocated for the G20 to be guided by ‘people-centric’ economic devel- opment and human-centric, global, non-exclusive technology—a mantra which he is likely to take to Miami with the goal of shaping US approach to global economic governance. -This article appeared on the Asia Society Policy Institute sub- stack June 24, 2026 @https://asiapoli- cy.asiasociety.org/p/trump-modi-and- final-touches-on-the. (Usedwith express permission from Asia Society) Asia Policy Brief: Trump, Modi, And “Final Touches” On The U.S.-India Trade Deal PHOTO:X.COM @PIYUSHGOYAL Series of meetings between Indian and US trade representatives Piyush Goyal and Jamieson Greer. - Continued From Page 5 “US-India Ties Single-Most Consequential Bilateral Relationship”: Under Secretary Jacob Helberg H ighlighting the deep strategic alignment be- tweenWashington and New Delhi, US Under Secretary of Economic Affairs Jacob Helberg has lauded India as a pivotal partner in secur- ing the global technological future, describing the ties between the two democracies as one of the most vital partnerships of this century. Speaking to ANI, Helberg expressed immense opti- mism about the ongoing joint efforts under the Pax Silica framework, reflecting on India’s early leadership role in the initiative. “We are incredibly excited to partner with India. India was one of the first top 10 countries to join Pax Silica. Our Ambassador in India has really been a remark- able steward of the US-India relationship which, as he says, we believe is one of the single-most consequential bilateral relationships in the world in the 21st century,” Helberg stated. He further revealed that high-level bilateral dis- cussions held onWednesday had yielded significant progress on critical regional and technological security frameworks, including the Quad and emerging digital trust standards. “We were able to cover a lot of very timely issues in our bilateral exchanges with India yesterday, including on the Quad, on the trust initiative, and we are really excited to have India along with so many representatives of the Indian business sector at the Summit to really translate a lot of those translations into practical col- laborations,” Helberg added. The remarks underscore a concerted effort by both nations to move beyond diplomatic dialogue and actively channel corporate and governmental synergies into tan- gible deep-tech supply chains. These practical pushpoints take centre stage asWash- ington, DC is currently playing host to the second Pax Silica Summit, a two-day high-level gathering running from June 25 to 26. This builds on a rapidly developing diplomatic time- line, as the inaugural Pax Silica Summit took place last December, with New Delhi formally joining the initiative in February on the sidelines of the AI Impact Summit held in New Delhi. Rather than functioning as a standard trade agree- ment, the initiative operates as a pact for economic and military security. This framework is anchored on the un- derstanding that future security will rely heavily on which nations manage and control the artificial intelligence value chain. Semiconductors and critical minerals lie at the very heart of this initiative, with both resources becoming in- creasingly vital for national security and global economic competitiveness. The framework underscores an inten- sifying strategy byWashington and its allies to decouple and lower reliance on Beijing in industries crucial to the future global economy. - ANI PHOTO:ANI US Under Secretary of Economic Affairs Jacob Helberg.