India and US Trade Deal Still Have a Few Stubborn Cards to Play: Fitch Unit
Sitharaman said the talks remain active, but both sides face limited room for further concessions as Washington seeks to narrow its trade deficit.
- On Monday, Finance Minister Nirmala Sitharaman announced that India-US trade negotiations have reached a "plateau," with both sides facing difficulty in making further concessions even as talks continue.
- Since February 2025, the two nations have sought to resolve long-standing market access issues, as Washington aims to reduce a trade deficit it views as unfavorable to the United States.
- Trade Representative Jamieson Greer noted last week that an agreement is not imminent, after identifying the "universe" of sticking points during recent meetings with Indian Trade Minister Piyush Goyal in Milwaukee.
- Sitharaman stated that giving or taking beyond the current plateau would be "very, very difficult" for both countries, as officials tailor agreements to protect national interests.
- India's recently concluded agreement with the European Union, which opened 99% of trade value, serves as a template for how India negotiates future bilateral economic deals.
65 Articles
65 Articles
Exlcusive: Indian Academic on What's Derailing the Finalized Indo-US Trade Agreement
Despite India and the U.S. narrowing their differences, trade talks have hit a roadblock. According to BMI, a Fitch Solutions company, a breakthrough in the near future is unlikely as negotiations remain ongoing. Bilateral trade talks were initiated following a meeting between Indian Prime Minister Narendra Modi and U.S. President Donald Trump in 2025, with […]
India-US trade talks continue, energy sourcing guided by national interest: MEA - The Tribune
India on Wednesday said negotiations with the United States for a bilateral trade agreement were continuing despite Finance Minister Nirmala Sitharaman’s assessment that the talks had reached a “plateau”, while making it clear that the country’s energy sourcing decisions would continue to be guided by national interest. “We continue to remain in touch with the […]
The Independent
The Independent (US)US-India trade talks grind to a halt. What went wrong?
Hopes dim for long-awaited trade agreement as minister says negotiations at a point where additional give and take is ‘very, very difficult’ for both Delhi and Washington
India and US trade deal still have a few stubborn cards to play: Fitch unit
Negotiations between India and the US have encountered significant sticking points affecting market access and agriculture. US Trade Representative Jamieson Greer noted the identification of all key issues during talks. Finance Minister Nirmala Sitharaman mentioned that negotiations have reached a plateau with limited opportunities for further concessions. India is advocating for more preferential access for its exports. Meanwhile, Washington se…
India-US Trade Talks Stall Again: What’s Holding Up a Deal?
Senior officials from India and the United States have acknowledged that their efforts to finalize a trade agreement have stalled once again. In February, both countries had reached a framework to reduce tariffs on Indian goods from 50% to 18%, following previous failed talks. However, the Supreme Court invalidated President Donald Trump’s use of emergency […]
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