US assures India lower tariffs than peers in trade deal
Officials say most issues are resolved as the first phase will cover goods and services talks are deferred to a later round.
- On Friday, U.S. officials assured India of a comparative advantage in tariff duties over competing nations, a key requirement for New Delhi to finalize the proposed trade deal.
- Although Washington and New Delhi agreed on a framework earlier this year, trade probes and tariff disputes have complicated finalization of the pact, which has been under negotiation for nearly two years.
- Indian Commerce Minister Piyush Goyal said Thursday that India had negotiated a "very good deal," while a U.S. team visited India in early November to resolve remaining technical issues.
- The agreement's first tranche will cover goods, with services left for future negotiations, as both sides aim to complete the deal by the end of the current financial year.
- Negotiators included a clause allowing either country to modify commitments if tariffs change, while officials await findings from a pending U.S. investigation into industrial overcapacity that could impact future duties.
41 Articles
41 Articles
Reaching Finishing Line': S Jaishankar On India-US Trade Deal Negotiations
S Jaishankar's remarks come a month before Prime Minister Narendra Modi's likely visit to the US for the G20 Summit, on the sidelines of which he and President Donald Trump may meet to review the broader trajectory of bilateral ties and progress on the trade pact.
India-US trade deal nearing 'finish line', Washington assures New Delhi of tariff edge over rivals
A senior government officials has stated that the US has assured India that it would enjoy a considerable tariff advantage over its competitors. Also, New Delhi is looking to close the first tranche of the deal by the end of the current financial year.
India-US trade deal nears finish line, Jaishankar says both sides close to agreement
India and the United States have resolved most issues in their proposed trade agreement. An early conclusion could improve market access while securing balanced tariff advantages for India.
India-US trade talks in final stretch; more changes at American end: Jaishankar
Speaking at the Hindustan Times Leadership Summit 2026, the external affairs minister said the bulk of issues are sorted and India is seeking a pact that gives it a comparative edge over peer economies.
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