External Affairs Minister S Jaishankar on Sunday stated that any trade deal between India and the US has to respect New Delhi's "red lines" while also stressing that efforts are underway to reach an understanding with Washington.

Speaking at the concluding session of the Kautilya Economic Conclave in New Delhi, Jaishankar acknowledged that there were "issues" between India and the US and that both the countries have failed to arrive at a "landing ground."

"We have today issues with the United States. A big part of it is the fact that we have not arrived at a landing ground for our trade discussions, and the inability so far to reach there has led to a certain tariff being levied on India," Jaishankar said.

"In addition, there is a second tariff which we have publicly said we regard as v

See Full Page