India Us Trade Ties

India and United States have begun crucial trade talks in New Delhi, aiming to finalise an interim deal. Negotiations will focus on tariffs, market access and a broader bilateral trade agreement. The outcome could reshape economic ties as both sides navigate shifting global trade dynamics.

“Sergio pointed out one very important factor — the US lost the match by 18%. And a very humble request I made to him as a suggestion that if only you had made the reciprocal tariff zero, you would possibly have won the match,” Union Minister Piyush Goyal said.

India-US trade deal: India will cut tariffs on high-end US petrol cars to 30% under an interim trade deal, but exclude electric vehicles, hurting Tesla. While Harley-Davidson gets duty relief, Tesla faces weak sales, high prices, and strong competition in India’s EV market.

India-US trade deal: Commerce Minister Piyush Goyal recently said that the interim agreement between India and the US is likely to come into effect in the next week after White House signs an order. Announced by Donald Trump on 2 February, the deal slashes tariffs on Indian goods from 50% to 18%.

India's Commerce Minister Piyush Goyal said that the trade deal with the US is unaffected by Russian oil imports. However, Indian refiners are avoiding Russian oil, aligning with US interests, while a Trump executive order threatens 25% tariffs if imports resume.

The Kremlin spokesperson was asked about US President Donald Trump's claim that India had agreed to stop buying Russian oil and switch to purchasing crude from the United States and, potentially, from Venezuela.

While the India-US trade deal is yet to be finalised and signed, the Samyukta Kisan Morcha claimed that the pact will allow the US to flood the Indian markets with highly subsidised agricultural products.

External Affairs Minister S Jaishankar, on a 3-day visit to the US, committed to strengthening the partnership on critical minerals through the Quad. He held discussions on the India-US trade deal with US Secretary Marco Rubio and US Treasury Secretary Scott Bessent in Washington on Tuesday.

Commerce Minister Piyush Goyal, on 3 February 2026, launched a scathing attack on Opposition parties over the criticism of the India-US trade deal and said that the pact is in the final stages of detailing between the negotiating teams. Here's what Goyal said.

While Prime Minister Narendra Modi confirmed the tariff cut, he did not comment on US President Donald Trump's claim that India would stop buying oil from Russia. What did Trump say about Russia and Venezuelan oil in the India-US trade deal?