Page 4 - India Us Trade Deal

India-US trade deal to reflect Washington's tariff changes: Piyush Goyal

Goyal said large parts of the agreement had already been finalised and that discussions were currently focused on a few remaining issues

Weekly policy watch: RBI MPC, GDP data, US trade talks in focus this week

India's policy calendar this week is packed with the RBI's June review, FY26 GDP data, India-US trade talks, GST numbers, PMI readings and fuel export levy changes

Talk tariffs, but understand ocean freight and its impact on trade costs

Tariff cuts alone cannot boost exports; India needs larger, predictable cargo volumes to reduce freight costs and attract direct shipping services

US may spare India from Sec 301 tariffs if deal is concluded by July 24

An official said the two countries are close to finding a solution for several non-tariff barriers

India, US chief negotiators to hold four-day trade talks from June 1

The chief negotiators of the US and India will begin four-day talks here on Monday on finalising the details of the interim trade pact, whose framework was agreed upon in February. The US team will be led by its chief negotiator Brendan Lynch. India's chief negotiator is Darpan Jain, who is an additional secretary in the Department of Commerce. The two sides are "proposed to finalise the details of the interim agreement and take forward the negotiations under the broader BTA on multiple areas such as market access, non-tariff measures, customs and trade facilitation, investment promotion, and economic security alignment," the commerce ministry has said. On February 7, India and the US issued a joint statement finalising the contours or framework of the first phase of the bilateral trade agreement (BTA) or an interim trade agreement. Now, both sides will have to finalise the legal text for that deal. The framework reaffirmed the countries' commitment to the broader India-US BTA ...

India-US trade deal to be finalised over next few weeks: Sergio Gor

US Ambassador Sergio Gor says India-US trade deal is likely to be finalised in the coming months, with USTR officials set to visit New Delhi next week

Piyush Goyal assured industry India-US interim agreement is close: USISPF

Commerce and Industry Minister Piyush Goyal gave assurances that the India-US interim agreement is close as he provided an "encouraging update" on bilateral trade negotiations during an interaction with eminent business leaders, the US-India Strategic Partnership Forum (USISPF) said. Goyal also discussed ways to further deepen India-US trade, investment and supply-chain partnerships during the closed-door roundtable interaction on Thursday. The Consulate General of India in New York, in collaboration with USISPF, hosted Goyal for the closed-door roundtable discussion, where he engaged with over 50 prominent business and industry leaders. Goyal said he highlighted India's strong growth story, reform-driven business environment, and expanding opportunities for global investors under the leadership of Prime Minister Narendra Modi. "Discussed ways to further deepen India-US trade, investment, innovation, and supply-chain partnerships for shared prosperity," he said in a post on X. USI

US trade officials to visit India next week to advance bilateral trade pact

A US delegation led by chief negotiator Brendan Lynch will visit India from June 1-4 to advance negotiations on the proposed bilateral trade agreement

India needs to design policies that will raise FTA utilisation rates

High tariffs and complex compliance requirements continue to deter free-trade agreement utilisation

India-US trade deal may be sealed in weeks, not months: Marco Rubio

US Secretary of State Marco Rubio said the India-US trade deal could be finalised within weeks and reaffirmed President Donald Trump's support for India

Weekly policy watch: Forex reserves, deposits, Marco Rubio visit in focus

India's policy focus this week will be on forex reserves, banking deposit growth and high-level India-US talks amid global uncertainty and trade concerns

Rubio announces 'America First' visa push as India-US ties deepen

Emphasising the personal chemistry between Prime Minister Narendra Modi and US President Donald Trump, Rubio noted that their bond spans both terms of the Trump administration

US Secy of State Rubio invites PM Modi to White House on Trump's behalf

US Ambassador Sergio Gor said Secy Rubio and PM Narendra Modi held discussions on expanding cooperation across strategic sectors

India seeks advantage over rivals as US trade pact nears finalisation

Goyal said Monday that while the first phase of the deal has been finalized, efforts are underway to ensure India gets preferential access to the US market compared with competitors

US wants to sell India as much energy as it can buy, says Marco Rubio

Lauding India's pivotal position on the global stage, the top US diplomat expressed strong enthusiasm for expanding bilateral trade ties

US trade team likely to visit India next month for talks: Piyush Goyal

The US team is likely to visit India next month for trade talks with their counterparts here, Commerce and Industry Minister Piyush Goyal said on Thursday. The Indian side visited Washington, DC, in April for an in-person round of meetings with their US counterparts to finalise the details of the interim pact and take forward the negotiations under the broader bilateral trade agreement (BTA). When asked if the US chief negotiator for the BTA will accompany US Secretary of State Marco Rubio, Goyal said "he's not coming with him, but there is some plan for them to come next month". Rubio will undertake a four-day visit to India beginning May 23 to further cooperation in the fields of trade, defence and energy. This will be his first visit to India. India and the US issued a joint statement on February 7 finalising a framework for an interim trade agreement. However, a US Supreme Court ruling struck down all reciprocal tariffs, which had served as the Trump administration's main ...

India, US industry clash at USTR hearings over subsidies and overcapacity

American industry groups sought punitive tariffs on Indian goods at USTR hearings, while Indian officials defended the country's manufacturing growth as demand-led and WTO-compliant

US team to visit India next month for trade talks; dates not finalised

The US team is expected to visit India next month for trade talks, though no dates have been finalised yet, Commerce Secretary Rajesh Agrawal said on Friday. The Indian side visited Washington, DC, in April for an in-person round of meetings with their US counterparts to finalise the details of the interim pact and take forward the negotiations under the broader bilateral trade agreement (BTA). "We expect the US team to visit soon..not this month..may be next month," he told reporters here. He said India is engaged with the US on trade deal and it would be signed at an opportune time. He also said that India is engaged with the US on section 301 investigations. India and the US issued a joint statement on February 7 finalising a framework for an interim trade agreement regarding reciprocal and mutually beneficial trade. The framework reaffirmed the countries' commitment to the broader India-US Bilateral Trade Agreement negotiations. India's shipments to the US grew marginally by

Cong links Indo-US trade deal to US's move to drop charges against Adani

The Congress on Thursday attacked Prime Minister Narendra Modi over media reports claiming that US authorities are moving to drop charges against billionaire Gautam Adani, saying it is now clear why the PM agreed to the "hopelessly one-sided" Indo-US trade deal and why he abruptly halted Operation Sindoor. The opposition party's attack came after media reports claimed that US authorities are moving to settle the fraud charges against the Indian billionaire. Reacting to the reports, Congress general secretary in-charge communications Jairam Ramesh said, "It is now clear why the PM agreed to the hopelessly one-sided Indo-US trade 'deal' that was really a steal by the US. And it is also clear why he abruptly halted Operation Sindoor on May 10 2025, acting on President Trump's threats rather than on our national interest." "Reportedly, the Trump Administration is about to drop all charges of corruption against Modani," he said on X. How much more "compromised" can the PM get, Ramesh ..

US court ruling on Trump tariffs adds uncertainty to India-US trade talks

A US trade court struck down Donald Trump's 10 per cent global tariffs, adding fresh uncertainty to India-US trade negotiations and tariff policy