US EditionTrump says US, India continuing to negotiate trade deal
The U.S. and India aim to resolve trade barriers amid tariff disputes, with bilateral goods trade reaching $129 billion in 2024 and hopes for a deal in the coming weeks.
- On September 10, Trump wrote on Truth Social that `India and the United States of America are continuing negotiations` as leaders signal renewed talks.
- Facing India's purchases of Russian oil, the US doubled tariffs to a 50% tariff on August 27, stalling talks and forcing India to diversify export markets.
- Prime Minister Narendra Modi welcomed the resumption, describing India and the US as 'close friends and natural partners,' and said teams will work to conclude talks at the earliest.
- $129 billion in bilateral goods trade underscores a $45.8 billion U.S. trade deficit, while India's chief economic adviser warned 50% tariffs could shave half a percentage point off GDP this year.
- Key structural issues such as agriculture and dairy access remain, an Indian delegation is expected to visit the US within days and talks will address tariffs and market access in the coming weeks.
73 Articles
73 Articles
Trump, Modi agree to talk in bid to resolve trade impasse
President Donald Trump and Indian Prime Minister Narendra Modi pledged to talk and resume trade negotiations, signaling a possible thaw after weeks of a blistering fight over tariffs and Russian oil purchases. “I am pleased to announce that India, and the United States of America, are continuing negotiations to address the Trade Barriers between our two Nations,” Trump wrote on social media Tuesday. “I look forward to speaking with my very goo…
The issue of 50% tariff imposed on India is no longer limited to trade, it will also affect the relations between the two countries. In such a situation, the statement of the US President can cool down the atmosphere a bit. Former Foreign Secretary Kanwal Sibal says that India should not come under US pressure.
Trade deal in sight with US-India talks on table
US President Donald Trump said on Tuesday his administration is continuing negotiations to address trade barriers with India and that he would talk to Prime Minister Narendra Modi, in a sign of a reset after weeks of diplomatic friction. Trump, in a marked shift of tone, said he looked forward to speaking to Modi in the "upcoming weeks" and expressed optimism that they could finalize a trade deal." I feel certain that there will be no difficulty…
US, India eye trade reset as Trump plans talks with Modi
US President Donald Trump said on Tuesday his administration is continuing negotiations to address trade barriers with India and that he would talk to Prime Minister Narendra Modi, in a sign a deal may be imminent after weeks of diplomatic friction. Trump, in a marked shift of tone, said he looked forward to speaking to Modi in the “upcoming weeks” and expressed optimism that they could finalise a trade deal. “I feel certain that there will be n…
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