India US Trade Deal

Commerce and Industry Minister Piyush Goyal on Thursday said the details of the Bilateral Trade Agreement (BTA) with the US will be announced once Washington offers preferential terms compared to the country's competitors. "As soon as the US is able to give us the preferential rate in comparison to our competition, we will finalise the BTA and announce the final details," he said at a workshop on free trade agreements. He said the free trade agreements finalised by India offer huge export opportunities for domestic businesses. India will conclude more trade pacts in the coming months or years with Canada, Mexico, Chile, Mercosur a Brazil-led group of countries the SACU (Southern African Customs Union ), South Africa-led group of countries, the GCC (Gulf Cooperation Council), comprising six nations in the Middle East, and Israel, he added.

India's trade surplus with the US fell 28% to $31.2 billion in 2025-26 as tariffs hit exports of key goods and imports increased

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An analysis of trade ministry data for the 12 months through July shows the US continues to account for about 20% of India's exports

US Ambassador Sergio Gor on Tuesday said India and the US must address friction points as true partners and work on predictable taxation and regulatory frameworks to allow business to thrive. Speaking at the Indo-American Chamber of Commerce here, Gor stressed the need for candid, trust-based engagements on export controls and rock-solid intellectual property protections to give innovators confidence to invest, create and scale without fear. The Indo-American Chamber of Commerce (IACC) held its national convention, themed Re-defining the India-US Comprehensive Strategic Partnership. Gor said that the US embassy in India topped the list among US embassies worldwide in attracting over USD 20 billion in investment. When Indian companies invest in America, it is a win-win situation. They get access to one of the world's most dynamic markets, he said. "This relationship has unbelievable and incredible potential. To unleash the full power of the economic engine, we must address friction

US Ambassador Sergio Gor on Tuesday said India and the US must address friction points as true partners and work on predictable taxation and regulatory frameworks to allow business to thrive. Speaking at the Indo-American Chamber of Commerce here, Gor stressed the need for candid, trust-based engagements on export controls and rock-solid intellectual property protections to give innovators confidence to invest, create and scale without fear. The Indo-American Chamber of Commerce (IACC) held its national convention, themed "Redefining the IndiaUS Comprehensive Strategic Partnership." Gor said that the US embassy in India topped the list among US embassies worldwide in attracting over USD 20 billion in investment. When Indian companies invest in America, it is a win-win situation. They get access to one of the world's most dynamic markets, he said. "This relationship has unbelievable and incredible potential. To unleash the full power of the economic engine, we must address friction

The White House report places India in Tier 1 of China's alleged transshipment network and flags the Pune-Gujarat-Chennai production belt as a potential corridor

Official says trade talks with Washington remain 'reassuring'

Indian Oil, BPCL, and HPCL are negotiating US term contracts as India seeks to diversify LPG supplies and narrow its trade surplus with Washington

US senate passes bill threatening 100% tariff on top russian oil buyers

India's AI ambitions demand a rethink of the India-US tax treaty to clarify taxation of cloud services, AI subscriptions and cross-border digital revenues

The government on Thursday said no concessions or commitments relating to the import of ethanol for fuel blending from the US have been made in the India-US trade pact discussions. India's fuel blending programme and ethanol procurement continue to be governed solely by the country's domestic policy requirements, the commerce and industry ministry said in a statement. It said that recent claims in the media suggesting that India is importing and intends to import large quantities of ethanol from the US for fuel blending are baseless and factually incorrect. As per the domestic policy framework, it said, ethanol used for fuel blending under the Ethanol Blended with Petrol Programme is sourced entirely from domestic producers. There is no import of ethanol for fuel blending from the US, it added. "No concessions or commitments relating to the import of ethanol for fuel blending from the U.S. have been made in the India-US trade discussions. Accordingly, any suggestion of a policy ch

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The commerce ministry said negotiations with the US helped place India in the lower tier of additional tariffs, with exemptions covering about 45 per cent of exports

The Centre said 45% of India's exports to the US remain outside the new 10% Section 301 duty. India was placed in the lower tariff tier after USTR cut the proposed levy from 12.5%

The United States has imposed a 10 per cent tariff on goods imported from India and 16 other countries as part of its efforts to combat the use of forced labour in the production of such items. Last month, when the US had proposed tariffs under Section 301 of the Trade Act, India was bracketed among countries attracting 12.5 per cent levies, but Washington took note of the amendment New Delhi made to its foreign trade policy prohibiting the import of goods produced using forced labour. "As a result of these actions, the Trade Representative has advised me that the goods of these economies should be tariffed at the 10 per cent rate to further encourage these economies to effectively enforce such prohibitions," US President Donald Trump said in a memorandum on the issue on Thursday. US Trade Representative Jamieson Greer announced the new tariffs on 60 countries under Section 301 of the Trade Act on Thursday, a day before the expiration of 10 per cent additional levies on all ...

Goods from some 10 trading partners deemed to have adopted forced-labor restrictions will be subject to 10% tariffs, including India, Mexico, the UK and Canada

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