US and India nearing trade deal after tariff negotiations
The latest in this situation
- Marco Rubio and Rahul Joshi discussed customs procedures and trade facilitation during negotiations over the India-US Bilateral Trade Agreement.
- India and US finalize trade deal, reducing Trump's tariffs.
- US and India are reportedly close to making a trade deal following ministerial talks.
- Bangladesh and Vietnam gain preferential EU access as India pursues new trade deals.
- Trade negotiations between the US and India plateaued after the US levied a 10% tariff.
How it started
What happened
The United States and India are reportedly close to finalizing a trade deal, which would reduce punitive tariffs on most Indian goods. The framework for the first phase of the bilateral trade agreement was unveiled in February 2026. However, Indian farm groups have criticized the deal, fearing it allows subsidized US agricultural products that could depress domestic prices.
Why it matters
The negotiations aim for a $1 trillion export target and involve reducing tariffs on Indian goods. The finalization of the pact could change India's trade policy framework and impact domestic agricultural markets.
Who's involved
- Donald TrumpPresident of the United States, involved in trade negotiations
- Piyush GoyalIndian trade minister leading bilateral negotiations
- Jamieson GreerUnited States Trade Representative leading bilateral negotiations
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- IndiaSpeculative
India might see increased exports and market access through the finalized trade agreement.
- finance ministrySpeculative
The finance ministry might face changes in trade policy goals due to the ongoing tariff negotiations.
How it developed
Newest first. Tap a step to see who reported it.India and US finalize trade deal, reducing Trump's tariffs.1 source
US and India are reportedly close to making a trade deal following ministerial talks.1 source
Trade negotiations between the US and India plateaued after the US levied a 10% tariff.1 source
Trade talks are stalled as officials assess the impact of Trump's new tariffs on Indian energy.1 source
Trump authorizes tariffs on India; USTR probes India for unfair trade practices; Greer leads discussions.1 source
Negotiations between Goyal and Greer advanced toward finalizing a bilateral trade deal.1 source
Trade talks involving India, Trump, and various negotiators are underway.1 source
- USTR arrives in New Delhi for talks as ministerial talks push bilateral trade agreements and US Section 301 probes target India.Sub-event
Show 2 earlier steps
- India is conducting bilateral trade negotiations with Bangladesh and Vietnam, seeking tariff advantages amid US Supreme Court rulings.Sub-event
Ministerial talks are underway to negotiate an interim trade agreement aimed at achieving $1 trillion in exports.1 source
Keep exploring
The entities involved
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
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Piyush Goyal
Indian politician
- High-level talks involving Piyush Goyal and Maninder Sidhu are underway between India and Canada regarding the Comprehensive Economic Partnership Agreement (CEPA).
- India, led by Goyal and Modi, is expanding strategic partnerships and bilateral trade with various global partners, including resource cooperation.
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Jamieson Greer
United States Trade Representative since 2025
Coverage
Newest first; wire copies grouped- newsindiatimes.com
- sahilonline.org
- thehindu.com
- business-standard.com
- business-standard.com
- business-standard.com
- moneycontrol.com
- openthemagazine.com
- hindustantimes.com
- orissapost.com
- theshillongtimes.com
- calcuttanews.net
- thehindu.com
- businessworld.in
- indiatimes.com
- austinglobe.com
- bignewsnetwork.com