Us Trade Deals

US, India moving close to finalising critical minerals deal: Sergio Gor

The US and India are moving very close to finalising a critical minerals agreement, and a big announcement is expected in the next few months, American Envoy Sergio Gor said on Friday, asserting that the last few months have seen a "remarkable series of breakthroughs" in the US-India ties, including a new trade agreement. "I am very pleased to say that the US and India are moving very close to finalising a critical minerals agreement that will help secure the supply chains needed for advanced manufacturing, energy systems and emerging technologies. Stay tuned, but in the next few months, we expect a big announcement on that front," he said. Addressing the India Today Conclave 2026, Gor said the US and India are "paying close attention to each other" across governments and business communities and even across media. "And, that attention reflects something deeper, a partnership that is growing stronger, more visible and more consequential every year," the US Ambassador to India ...

India, US remain engaged for a mutually beneficial trade pact: Govt

The commerce ministry on Friday said India and the US remain engaged in discussions for a mutually beneficial bilateral trade agreement. The ministry has denied reports about a hold off on bilateral engagement. "We have noted a media report regarding ongoing trade talks with US. It is denied that there is any hold off in bilateral engagement. It is reiterated that the two sides remain engaged for a mutually beneficial trade agreement," the commerce ministry said in a statement. The remarks assume significance as the United States Trade Representative (USTR) on March 11 launched a fresh round of Section 301 trade investigations targeting policies and industrial practices of 16 economies, including India and China. Following a decision of the US Supreme Court striking down sweeping tariffs of the US administration, President Donald Trump has announced 10 per cent tariffs on all countries for 150 days from February 24.

India, US to reschedule chief negotiators meet on interim trade deal

India and the US have decided to reschedule the proposed meeting of their chief negotiators in Washington to finalise the text of the interim trade pact, sources said on Sunday. The Indian team was scheduled to start the three-day meeting on February 23. "With regards to the visit of the Indian team of negotiators to the US for the India-US Trade Deal, the two sides are of the view that the proposed visit of the Indian Chief Negotiator and the team be scheduled after each side has had the time to evaluate the latest developments and their implications. The meeting will be rescheduled at a mutually convenient date," a source said. The development is important following the US Supreme Court verdict against the earlier sweeping tariffs of the Trump administration. Trump on Friday imposed 10 per cent tariffs on all countries, including India, from February 24 for 150 days. On Saturday, he announced to hike the duty to 15 per cent.

Farmers' interests safeguarded in India-US trade deal, reiterates Chouhan

Union Agriculture Minister Shivraj Singh Chouhan on Tuesday said the recent India-US trade deal was finalised after careful consideration and the government has ensured that no decision would harm the farming community. Speaking at a programme in Jaipur, he said, "I am speaking with full responsibility as the Agriculture Minister of India. In the trade agreement, we have taken complete care of the interests of Indian farmers. It has been ensured that there will be no loss for India's farming community," he said. On imports, Chouhan said the country has to bring in the things it need. "Even today, we are not self-sufficient when it comes to pulses. If something that we need comes from another country, what is the objection?" he asked. Similarly, he said, India imports around 5.5 lakh metric tonnes of apples. "They come from countries like Turkey and Iran. If one lakh metric tonnes come from the United States, after ensuring that it does not affect our farmers, what is the problem?"

USTR removes X post showing PoK, Aksai Chin part of Indian territory

The office of the US Trade Representative has removed a social media post that featured a map of India showing the entire region of Jammu and Kashmir, including Pakistan-occupied Kashmir, as well as the Aksai Chin region as part of the Indian territory. Last week, as the US and India announced details of a bilateral interim agreement framework on trade, the US Trade Representative's office posted information about the trade deal on the social media website X, along with a map of India. The map had shown the entire region of Jammu and Kashmir, including Pakistan-occupied Kashmir (PoK), as territory of India. Similarly, the Aksai Chin region, claimed by China, was also shown as part of the Indian territory. However, the specific post showing the map of India has now been deleted from the USTR's X handle. On previous occasions, maps of India had been shown with a demarcated line to portray the PoK and Aksai Chin region. But the map of India issued by the USTR had shown the entire regi

All key sensitive sectors protected under India-US trade pact: Comm Secy

India has always negotiated with a "clear mindset" on sectors that are "very" sensitive for the country in trade pacts and has protected all those key segments under the interim trade agreement with the US, Commerce Secretary Rajesh Agrawal said. He also said that both teams are working to convert the joint statement into a legal agreement, which is expected to be finalised and signed before the end of March. "India has always negotiated all agreements with a clear mindset, anything that is very sensitive to India, anything where we feel our farmers, fishermen, dairy, they are going to be impacted, we have been very clear to our partner countries that India can not open up or provide access," he told reporters here. "If you look at all the agreements that we have done in the last year, five trade agreements that we did -- all the sensitive sectors have been protected. In the US, all the key sensitive sectors have been protected. Wherever there is a little sensitivity, we have used

'No deal but US steal': Congress' dig at govt over Indo-US trade agreement

The Congress on Wednesday took a swipe at Prime Minister Narendra Modi over the India-US interim trade agreement, saying the deal is a steal by the "PM's good friend in Washington" and reflects an "abject failure" of our "political huglomacy" as well as economic diplomacy. Congress general secretary in-charge communications Jairam Ramesh said no matter what spin the "PM and his lie-brigade" may give, the hard reality is that the US has extracted more from India than it has conceded. "It is significant that a number of independent analysts and commentators -- who have not been Modi-unfriendly -- have criticised the India-US trade deal as a capitulation, an asymmetrical set of commitments, a sell-out, and a humiliating cave-in," Ramesh said. "Whatever the spin that the PM and his lie-brigade may give, the hard reality is that the US has extracted more from India than it has conceded. This is inspite of Mr. Modi's aggressive wooing of President Trump, including campaigning for him in

Tharoor slams govt over Union Budget, India-US trade pact in Lok Sabha

Tharoor slammed the Interim Trade Agreement with the United States, stating that 'it appears far less like a free trade agreement and far more like a pre-committed purchase'

Apparel industry lauds India-US interim trade deal as 'father of all deals'

Chairman of the Apparel Export Promotion Council hailed the India-US interim trade agreement noting that the sector had been facing significant challenges over the past six months due to US tariffs

Farmers' interest protected in trade deal, says Shivraj Singh Chouhan

The India-US trade deal reduces tariffs on Indian goods in the US to 18 per cent, while Washington has claimed the deal will help it export more agricultural products to New Delhi

India commits $500 bn investment, to end Russian oil purchases: White House

The White House has hailed a new trade agreement with India, saying the country has committed to "no longer" purchasing Russian oil, with Prime Minister Narendra Modi also agreeing on investments of USD 500 billion across key American sectors. These remarks were made by White House Press Secretary Karoline Leavitt on Tuesday. "The President struck another great trade deal with India. He spoke with Prime Minister Modi directly. They share a very good relationship. India is committed to not only no longer purchasing Russian oil, but buying oil from the United States, also perhaps from Venezuela too, which we know will now have a direct benefit on the United States and the American people," Leavitt told reporters Tuesday. She further said that in addition to that, Prime Minister Modi "committed to $500 billion of investments into the United States, including for transportation, for energy and for agricultural products as well. So this is another great trade deal thanks to President ...

India will cut tariffs on most industrial, agri goods under deal, says US

The US said India will lower tariffs on a "vast array" of American industrial and agricultural goods, such as "fruits, vegetables", to zero per cent under the trade deal announced by President Donald Trump. The US described this as a "big win" while noting that India will continue to control "certain key areas" that enjoy protection. "This is it. The time has come, and now we have the deal. We'll finish papering it, but we know the specifics. We know the details. It's a very exciting opportunity," United States Trade Representative Jamieson Greer said Tuesday in an interview to CNBC Squawk Box. Greer said that the US will continue to maintain some level of tariff against India - 18 per cent - "because we have this giant trade deficit with them, but they've also agreed to reduce their tariffs for us on a variety of agricultural products, manufactured goods, chemicals, medical devices, etc. It's an exciting opportunity for both countries," he said. Giving details of the deal, Greer .

Manish Tewari questions govt on India-US trade deal, seeks clarity

Congress MP Manish Tewari questions the math behind the India-US trade deal, seeking clarity from the government on tariff cuts and Washington's $500-billion trade claims

India to keep some farm protections in US trade deal, buy arms, energy

The agreement comes after months of tensions between US and India that began to ease in recent weeks, and follows a big trade agreement signed by India with the European Union last month

Trump's tariff cut sparks relief in India despite limited clarity on deal

India had agreed to buy petroleum, defence goods and aircraft from the US, while partly opening up its guarded agriculture sector under the agreement

Stock Market Close: Bulls rule D-St as Sensex zooms 2,073 pts; Nifty ends at 25,728 on India-US deal

Sensex Today | Stock Market Close Highlights, February 3, 2026: In the broader markets, the Nifty MidCap 100 and the SmallCap settled 2.84 per cent and 2.82 per cent higher, respectively

India-US trade deal positive for labour-intensive sectors : Moody's

Moody's Ratings on Tuesday said the reduction of the US tariff rate on most Indian goods is credit positive for labour-intensive sectors such as gems, jewellery, textiles and apparel, which are the top export sectors. India and the US have agreed to a trade deal under which Washington will bring down reciprocal tariff on Indian goods to 18 per cent from current 25 per cent, US President Donald Trump said on Monday after a phone conversation with Prime Minister Narendra Modi. Moody's in a statement said the trade deal will reinvigorate India's goods export growth to the US, which remains the country's largest goods export market, accounting for about 21 per cent of India's total goods exports for the first 11 months of 2025. "Lower tariff rate will also be credit positive for labour-intensive sectors such as gems, jewellery, textiles and apparel, which rank the top export sectors," it said. However, pharmaceuticals and consumer electronics, the other two major export sectors, had be

India's seafood exports to US set to rebound after tariff cut to 18%: SEAI

India's seafood exports to the United States are expected to recover, following months of declining shipments, after Washington agreed to cut tariffs to 18 per cent from 25 per cent, the Seafood Exporters Association of India (SEAI) said on Tuesday. Fish exports to the US fell 15 per cent by volume to 201,501 tonnes in the April-November period of the current fiscal year, while value declined 6.3 per cent to USD 1.72 billion from USD 1.84 billion a year earlier, SEAI General Secretary K N Raghavan said. "The field has become level again, exports should get the boost," Raghavan told PTI. "We expect that with tariffs coming down to 18 per cent, we should get back to the previous levels." The decline came after the US imposed 50 per cent tariffs on Indian goods in August 2025 - the highest for any Asian country - including a 25 per cent penalty linked to India's purchase of Russian oil. During the period of elevated tariffs, Indian exporters were fulfilling existing contracts, but ne

India-US trade deal adds momentum to growth ambition: Industry leaders

The India-US trade deal adds meaningful momentum to India's growth ambitions and supports the country's ambition to be a globally competitive manufacturing and innovation hub, industry leaders said on Tuesday. Reacting to the trade agreement between the two countries, Mahindra Group CEO & Managing Director Anish Shah welcomed the development, terming it as "a significant step forward in strengthening bilateral trade and investment ties." "With the Indian economy on a strong growth trajectory, this deal adds meaningful momentum to India's growth ambitions," he noted. Shah further said, "The immediate reduction in reciprocal tariffs on Indian exports to 18 per cent, along with the commitment to progressively lower tariff and non-tariff barriers, will boost growth momentum and improve the predictability businesses need to invest with confidence." Expressing similar views, Aditya Birla Group Chairman Kumar Mangalam Birla said the reduced tariffs will help strengthen the strategic and .

India likely to buy petroleum, defence goods, aircraft from US under deal

Trump announced a trade deal with India that slashes US tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade ​barriers