The push comes as Trump announced an agreement with Vietnam that cuts US tariffs on many Vietnamese goods to 20 per cent from his previously threatened 46 per cent
The Senate bill, backed by Trump, seeks to penalise nations buying Russian oil; it could reshape US trade ties with India and China amid Ukraine conflict
Trump said he believed India was ready to lower trade barriers for US companies, a move that could pave the way for an agreement and avert the 26 per cent tariff he had announced on April 2
Jaishankar shared on X that it was a pleasure meeting Marco Rubio on the sidelines of QFFM, they discussed India-US bilateral partership and shared views on regional and global developments
Jaishankar says he's hopeful but can't guarantee pact
The paper called for lower tariffs on soybean and corn from the US, both of which would be genetically modified, while their byproducts could hurt the domestic processing industry and ethanol makers
On a US visit, EAM S Jaishankar said a successful trade deal was possible if both sides found a balance, but stressed that the talks remain intricate and unresolved
The interim trade deal comes as the Trump tariff deadline nears. The 90-day pause, announced on April 9, followed US President Donald Trump's sweeping tariffs on 100+ nations, including India
White House Press Secretary Karoline Leavitt highlighted the special relationship that US President Donald Trump and Prime Minister Narendra Modi share
Total imports from the US stood at $8.9 billion in April-May 2025, up from $7 billion in the same period a year earlier, Indian customs data showed
The ongoing in-person round of talks between New Delhi and Washington is crucial, considering that the end of the 90-day pause on the US's plan to impose country-specific reciprocal tariffs on July 9
External Affairs Minister S Jaishankar is in the US for Quad talks and to raise India's concerns over Trump's mediation remark on the India-Pakistan conflict
The Sangh Parivar has also pointed to the efforts by US Senator Lindsey Graham to move a Bill that proposes steep economic penalties on India
India signals willingness for a broad trade pact with the US ahead of July 9 tariff deadline. But Finance Minister Nirmala Sitharaman said agriculture and dairy sectors remain non-negotiable red lines
The ongoing in-person round of talks between New Delhi and Washington is crucial, considering that the end of the 90-day pause on the US's plan to impose country-specific reciprocal tariffs on July 9
Any trade agreement with the US must not be politically driven or one-sided and India should protect its farmers, digital ecosystem, and policy space, economic think tank GTRI said on Friday. With India's chief trade negotiator in Washington DC and the clock ticking, the next few days could determine whether India and the US settle for a limited mini-deal or walk away from the negotiating table - at least for now, the Global Trade Research Initiative (GTRI) said. The two sides are looking at finalising an interim trade pact before July 9, as it marks the end of US President Donald Trump's 90-day suspension of the country-specific tariffs, originally announced on April 2. "The more likely outcome is a limited trade pact - styled after the US-UK mini trade deal announced on May 8," GTRI Founder Ajay Srivastava said, adding, "any trade deal with the US must not be politically driven or one-sided, it must protect our farmers, our digital ecosystem, and our sovereign regulatory ...
Trump's remarks come at a time when the 90-day deadline for the tariff pause is likely nearing its end on July 9
From the detachment of the Cold War era to a realignment, long-term interests are driving deeper security ties between the two countries
The imminent bilateral trade agreements (BTA) with the US is likely to reduce India's goods trade surplus with that country, according to a research report by CRISIL. During the financial year 2024-25, India's trade surplus with the US stood at USD 41.18 billion, according to data of the Indian government. The report said after completion of trade pact, India will be able to import more energy, certain agriculture products and defence equipment among others. Although the US is India's largest export partner, there is scope to increase exports further in areas like smartphones, pharmaceutical products and labour-intensive exports such as textiles, gems and jewellery, the report said. The US announced reciprocal tariffs on India and a host of other nations in April 2025, and then paused the increase for 90 days from April 10 to negotiate trade deals with these countries. As India negotiates a trade deal with the US in the form of BTA, the first tranche is expected to be completed by
Prime minister Narendra Modi and President Trump in February had agreed to sign a mutually beneficial bilateral trade agreement (BTA)