On the ongoing talks regarding a trade deal with America, US Ambassador to India Sergio Gore has said that almost 99 percent of the matter has been finalized, only one percent is left. He told that almost a consensus has been reached between both the parties, only a few issues are left which are yet to be discussed. He told that he will meet Commerce Minister Piyush Goyal tomorrow for the remaining 1 percent work.

According to NDTV report, Sergio Gore said that only one percent of the issues remained to be agreed upon. However, he has clearly refused to tell what things are yet to be agreed upon. Sergio Gore said that he does not want to talk about these issues publicly.

‘There is agreement with India on 99 percent issues’, said Sergio Gore
Sergio Gore said, ‘I don’t want to talk about these things publicly, but only one percent of such things are left. It is unbelievable that 99 percent things have been agreed upon and when you are so close to the target, one percent things are stuck.

Sergio Gore said that in trade negotiations both sides have to compromise to reach a beneficial outcome. He said, ‘Look, in such negotiations, every side has to give something, right? That is why it is considered a beneficial situation for both the parties.

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‘Talks will be held on trade deal soon’, said Sergio Gore
Sergio Gore said that even though there are some problems, this agreement will be reached soon. Sergio Gore said that he will meet Commerce Minister Piyush Goyal and will resolve the issue by discussing the remaining one percent agreement. He said that the one percent work that remains to be done is not related to policy differences but related to technical and legal details.

During this, Sergio Gore praised the Indian team which is talking with America on the trade deal and said that they have played an effective role in protecting the interests of their country. He said, ‘I would like to praise India and say that you have an incredible team.’ Sergio Gore also said that India’s tough stance on many issues has made trade talks with its partners challenging.

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He said that this is the reason why this trade deal took so long to happen because America could not enter the Indian market due to India’s strict stance on some things. He said that this is the reason why it took 19 years for the European Union to deal with India. However, Sergio Gore is very positive about the trade deal between India and America.

Pakistan has suffered a double blow due to the increasing closeness between India and America. Firstly, the American tariff on Indian goods reduced and on top of that, Donald Trump imposed less than that on Pakistan, secondly, the long pending $500 billion trade deal was also approved, and Trump also described Prime Minister Narendra Modi as his best friend. Now Pakistan is sweating after hearing all this. US tariff on India reduced from 50 percent to 18 percent, while 19 percent tariff is applicable on Pakistan.

Pakistani expert Qamar Cheema said that in one of the posts that Mr Trump posted on Truth Social, he has said that PM Modi is my very good friend and he will buy oil from Venezuela and America. Secondly, he has said that our friendship will remain like this. A very interesting scenario has emerged.

Pak expert said that according to the announcement made by US President Donald Trump regarding trade, India will buy energy and technology items worth $500 billion from America.

Qamar Cheema said, ‘I feel that India should not buy these things worth 500 billion dollars because India has to buy things as per its wish. Like Indians are not taking F-35, they are taking SU-57. They say why do we need F-35 and America will not give F-35, money will also get stuck. I had read a Japanese report that it has been five years that 7.2 billion dollars are stuck, their defense products are not coming from America, so these are the things.

Qamar Cheema said that last week India has signed a free trade agreement with 27 countries of the European Union, so Trump was thinking that all the western partners of America have sided with India, so why should I leave such a big market of India and he himself also wants to come to me. He said that the western media is writing that we have won a lottery with this deal. That lottery came about because they thought how long will this continue, you are reducing your options.

Pak expert Qamar Cheema said that this was also discussed in America that PM Modi has made more deals than Trump. There was also a thought going on that brother, what is happening? Basically EU has pushed America to trade with India.

Pakistanis are extremely irritated after hearing the news of reduction in US tariffs on India. Pakistani expert Qamar Cheema says that India has the lowest tariff in the whole of Asia and India must have asked America to impose 18 percent tariff so that it is one percent less than Pakistan. 19 percent tariff is applicable on Pakistan.

US President Donald Trump on Monday (February 2, 2026) announced the long-pending trade deal with India and reduction of tariff from 50 percent to 18 percent. On this, Pak expert Qamar Cheema said, ‘India has got the lowest tariffs in Asia. India 18 percent, Pakistan 19 percent. Indians must have told Trump that we will make this deal with you, but in terms of tariff, we must keep it 1 percent below Pakistan. We do not want to be put at par with Pakistan. I am telling you this 100 percent, then 18 percent tariff was imposed.

Qamar Cheema said that India has brought itself in front of Pakistan. It is an interesting thing. He said that there is 34 percent tariff on Indonesia 19, Thailand 19, Bangladesh 20, Vietnam 20 and China. Now the White House has confirmed that the 25 percent tariff imposed on India for buying Russian oil will also be removed. Qamar Cheema said that the final tariff is 18 percent. Everyone is saying the same thing that 19 percent for Pakistan and 18 percent for India. Everyone is saying this.

Qamar Cheema said that India’s Free Trade Agreement (FTA) with the European Union pushed America to make a trade deal with India. On January 27, India signed an FTA with the European Union, which was called the Mother of All Deals. Under this, India can sell its goods in the markets of 27 European countries at low or zero tariff. Similarly, goods from European countries will also be able to be sold in the Indian markets.

Pak expert said that in one of the posts that Mr Trump posted on Truth Social, he has said that PM Modi is my very good friend and he will buy oil from Venezuela and America. Secondly, he has said that our friendship will remain like this. A very interesting scenario has emerged.

Finally, the trade deal that everyone was waiting for has happened. Announcing the much-awaited trade deal with India on his social media platform Truth Social, US President Donald Trump said that India has agreed not to buy oil from Russia, hence the tariff penalty imposed on India is removed and also the tariff which was 25 percent has now been reduced to 18 percent.

Trump has also said that this deal has been reached after a phone conversation with Prime Minister Narendra Modi and it is implemented with immediate effect. But the question is what are the terms of this deal. Has India really benefited from this deal? After all, what was the issue due to which this deal was stalled and now what happened that Trump agreed to make a deal with India, today there will be a clear cut discussion on this issue.

Let us first talk about the conditions set by US President Trump regarding this deal. So the condition is that

• India will purchase more than $500 billion of energy, technology, agricultural products, coal and other goods from America.
• India will now stop purchasing Russian oil and will instead buy more oil and energy from Venezuela.
• India will move towards reducing its tariff and non-tariff barriers on American goods to zero.
• India will now buy American goods at a higher level.

The question remains that what was the issue due to which this deal was stalled and now what happened that Trump agreed to make a deal with India, then there are two-three possible reasons for it.

1. The first reason is the purchase of oil from Russia. Trump wanted India not to buy oil from Russia, whereas India used to buy oil from Russia and still does. India has not yet officially refused to buy oil from Russia, but Trump feels that India has stopped buying oil from Russia, so he finalized the deal.
2. The second reason is India’s lack of agreement on agricultural products. Under the trade deal, Trump wanted India to buy dairy products from America, which also included animal feed. Meat was mixed in America’s fodder, due to which India was opposing that fodder. And the deal was stuck. Even now it has not been made clear from India whether there is agreement or disagreement on that fodder, but Trump feels that India has agreed to the purchase.
3. The third reason is Prime Minister Narendra Modi’s call. US Commerce Minister Howard Lutnick had recently claimed that the India-US trade deal could not be done because PM Narendra Modi did not call Donald Trump at the last moment. Then Lutnik had also claimed that everything was ready, but PM Modi did not call, due to which the deal was stopped. Then the Indian government had rejected this claim. And now Trump himself has said that he had a phone conversation with Prime Minister Narendra Modi, after which the deal was finalized, but it is still not clear who made the call, Prime Minister Narendra Modi or US President Trump.

Nevertheless, India has welcomed this deal. Prime Minister Narendra Modi himself has reacted to this trade deal and posted on social media and wrote, ‘It was a great pleasure to talk to my dear friend President Trump. I am happy that now the tariff on Made in India products will be reduced to 18%. On behalf of the 1.4 billion people of India, many thanks to President Trump for this wonderful announcement.

In the tweet made on this deal, Prime Minister Modi has further written, ‘When two big economies and the world’s largest democracies work together, it benefits our people and opens up immense opportunities for beneficial cooperation. President Trump’s leadership is extremely important for world peace, stability and prosperity. India fully supports his efforts for peace. I look forward to working closely with them to take our partnership to unprecedented heights.

Now the real question is, what is India going to benefit from this deal or what are the benefits, then understand that also, then we will definitely talk about the losses also. So first let’s talk about benefits. India’s advantage is that

• America has increased the tariff on India to 18 percent. Due to this, the impact on India’s American exports will be less. India will now be able to sell more goods to America, whereas China, Bangladesh and Vietnam who sell goods to America have higher tariffs than India, so American consumers will be more interested in Indian goods.
• Many sectors of India, such as textiles, engineering goods, IT, auto parts, gems-jewellery and pharma sectors will directly benefit. If exports in these areas increase due to reduction in tariffs, new employment opportunities will also be created in India.
• Due to the finalization of the trade deal, the uncertainty that existed in the relations between America and India will end. And because of this foreign investors will be able to invest in India. Especially the confidence of American investors will increase and they will invest money in India, because recently their confidence was shaken due to the sourness in the relations between India and America.
• India’s dominance in Asia will increase and so will trade with America, because while the tariff on India is 18 percent, the tariff on Pakistan is 19 percent and the tariff on Bangladesh is 20 percent. Malaysia, Cambodia and Thailand also have higher tariffs than India and they are 19 percent, while Vietnam has 20 percent. The highest tariff in Asia is on China, which is currently 37 percent. If we talk about the world, then the highest tariff of 50 percent is on Brazil and then 40-40 percent tariff is on Myanmar and Laos. So in this matter India has only advantage.
• The stock market has the fastest reaction to any deal or any decision and after the announcement of this deal the stock market is completely on the rise. The stormy rise of Sensex and Nifty is enough to show that India is going to get huge benefits from this deal. At the same time, the rupee is also rising, which is enough to show the benefits of this deal. The rupee, which had closed at 91.50 on February 2, reached 90.30 on February 3 after the deal and Bloomberg’s report says that this is the biggest one-day gain in the rupee since 2021. Market analysts believe that the rupee may strengthen further and reach the level of 89.50 to 89.00 in the coming weeks.

While there are so many advantages, there are also some disadvantages and that loss can also be big, on which there is no reaction from the government at present. However, the government has also given clarification on this matter and said that India will not suffer any loss. So what will be the loss? The loss will be that

• India used to buy cheap oil from Russia. Now it will have to buy expensive oil from America and Venezuela. If oil purchase becomes expensive then the people of India will also get expensive oil.
• India sells dairy products to other countries of the world, but if Trump has talked about a deal in dairy products also, then Indian farmers may have to face tough competition from American dairy and poultry products.
• Agriculture has also been discussed in the deal. America is a producer of soybean and maize and its goods are cheaper than India. If America sells its goods to India, which is part of the deal, then the challenge for Indian farmers will become bigger and the farmers who are already facing problems will face even more problems.
• India’s trade with America has been a trade surplus. That means India was selling more goods to America and buying less. Under the agreement, India will have to reduce its tariffs on American goods to zero, which will pose a challenge to domestic industries as they will not get fair prices for their goods.

In such a situation, India is benefiting from this deal but the loss is also not less. Moody’s has clearly said in its comment that completely switching to non-Russian oil could further tighten the global supply, which would lead to higher prices and there would be a risk of inflation in a big importing country like India. The agency said India is unlikely to immediately stop all Russian purchases to avoid disruption to economic growth. However, an even bigger loss seems to be happening to Indian farmers, dairy farmers and poultry farm owners and these are the people, to save their losses, India was not only postponing this deal for so long but also did not budge even after the imposition of 50 per cent tariff. Now Trump himself has told all the details and conditions of this deal. Whatever statement will be made by India on this deal or whatever conditions will be revealed, it will again be a clear cut matter.

US President Donald Trump on Monday (February 2, 2025) not only announced a trade deal and tariff reduction with India on social media platform X, but also praised Prime Minister Narendra Modi. Experts believe that the reason for this big change in Trump’s stance could be the recent Free Trade Agreement (FTA) with the European Union. He says that due to FTA, there was pressure on America to make a trade agreement with India.

Farwa Amer, director of South Asia Initiatives at the Asia Society Policy Institute, said on Monday that even though talks were already going on about a trade deal between India and America, the deal with the European Union has played a role in speeding up the process for America. He said the timing of the agreement is also interesting, as it came right after the EU’s FTA.

Prime Minister Narendra Modi and US President Donald Trump announced that a trade agreement has been signed between the two countries. Under this, America will reduce the duty on exports from India from 25 percent to 18 percent. According to the White House, America will also remove the additional punitive duty of 25 percent imposed on India for buying Russian oil. This success was achieved after negotiations that lasted for about a year. During this period, the talks between the two countries went through difficult times many times. This agreement was announced after a phone conversation between PM Modi and President Trump.

Farwa Amer said that questions related to Russia are still important for India. Even though India is making changes in its oil imports, it wants to keep its relations with Russia balanced. Amer said, ‘For India, the question of Russia remains. Even though it has and will change its oil import pattern from Russia, India would still like to keep the relationship stable. As far as the India-US trade deal is concerned, the talks at the top leadership level made this agreement possible.

Another trade expert Wendy Cutler says that this agreement will give India an advantage compared to the countries of South-East Asia. There will be 18 percent duty on Indian products in America, while this duty on ASEAN countries will be between 19 to 20 percent. This will give a slight advantage to Indian exporters.

Cutler, senior vice president of ASPI and former acting US Trade Representative, said it was likely the US got a better deal than the EU. He said that India has talked about reducing tariff and non-tariff barriers, but President Trump’s language is not clear on this. However, Trump has said in his social media post that India will move towards reducing tariff and non-tariff barriers against America to zero.

Overall, Cutler said the India-US agreement will pave the way for the US and India to work together on other important matters related to critical minerals, technology cooperation and supply chain resilience. Meanwhile, External Affairs Minister S Jaishankar has left for America on a tour, where he will participate in the ministerial meeting on important minerals.

A trade deal has been signed between India and the European Union and the whole world is eyeing the US-India trade deal to see how much tariff Trump will impose on India. A big update has come out regarding the talks on trade deal between the two countries. India’s Commerce Minister Piyush Goyal has said that the trade deal with America will move towards completion soon.

The Union Minister said in an interview to Hindustan Times that trade negotiations between India and America are moving towards completion. This is a positive and good deal. He said, ‘We are actively involved. We never make any deal keeping the deadline in mind. When both the parties are satisfied, the date will be announced.

He said that I do not think that there are any difficult issues left which remain to be resolved. We can move towards completing it.

Talks regarding a trade deal between the two countries have been going on since last year, but came to a halt in the month of August, when US President Donald Trump imposed 50% tariff on India. In this, 25% tariff was imposed as a penalty, then the US side said that despite the war with Ukraine, India continued to buy oil from Russia.

With which country will the next deal be made? What did Piyush Goyal say on this?

The Union Minister has also shared information regarding which country the next deal is with. He said that Canadian Prime Minister Mark Carney is very curious. Earlier there was news that Carney may visit India in March. Goyal said that we are working on the terms and conditions. We have to start over.

The deal with Britain was good, even better with EU: Goyal

Apart from this, he also talked about deals with Britain and European Union. He said that the deal with Britain was excellent. The agreement with the European Union is equally good. However, the deal cannot be copied. The conditions, economy and interests of every country matter. Every deal is special in itself.

He said that the people of the European Union remained with us continuously. He worked honestly and seriously in this direction. We started talks from 2022. He had made up his mind that he had to make a trade agreement with India. We believe that this deal will be approved only in 2026. Apart from this, while talking about the functioning of the government in such deals, he said that the biggest difference between the past and present is that India is a respected country today. People look for political stability. He sees stability in macroeconomics. Besides, decision-making leadership is also a special reason for this.

The world recognizes India’s talent pool: Goyal

Goyal said that the world recognizes India’s talent pool. Therefore now other countries also want to do business with India. India also presents its stand strongly. We used to talk about the current economy first, which was a very wrong strategy. Now we are talking about the future. The time passed does not matter. Reiterating PM Modi’s statement, he said that you are negotiating future FTAs. The past does not matter. Today India’s $4 trillion economy does not matter. There will be an economy of 30 trillion dollars in 2047, talks are being held on this.

After signing the Mother of All Deals with the European Union, India’s focus has shifted to America. According to sources in the Ministry of External Affairs, it is expected that the long pending India-US trade deal may be approved soon. He has said that ‘very significant’ progress has been made in the talks regarding the proposed trade agreement between India and America and both sides are close to finalizing it.

On Wednesday (January 28, 2026), sources said that India had continued talks with the US even while taking the Free Trade Agreement (FTA) with the European Union to the final stage. Sources said the India-EU FTA should not be seen as an alternative to the current status of trade relations with the US, as the US market is equally important for Indian exporters.

According to ANI report, he said that ‘very significant’ progress has been made in the talks on the proposed trade agreement with the US and both sides are hoping for a positive outcome. A source said, ‘Efforts are going on in this direction. We hope that the talks will yield positive results. He says that now only technical work is left, only formalities are left to be completed.

This news has come at a time when India is hopeful that it may get some relief regarding tariffs. India and America had held several rounds of talks last year regarding Bilateral Trade Agreement (BTA), but it came to a halt after the implementation of tariffs. US President Donald Trump had imposed 50 percent tariff on Indian goods in August. This also includes a 25 percent penalty for buying Russian oil. Tension was also seen in relations between the two countries on immigration and other issues.

After the conclusion of FTA between India and EU, it is believed that this is a step taken in response to America’s tariff policy. However, sources rejected this and said that this agreement has been made on the basis of mutual interest and benefits of both the parties. Sources said that India wants to increase exports to both America and Europe, so that employment can increase and manufacturing can also be promoted.

India’s Commerce Secretary Rajesh Aggarwal had earlier said that the first phase of BTA would be announced soon. However, he did not give any date or time regarding this. The objective of BTA is to take the trade between India and America from $ 191 billion to $ 500 billion by 2030.

India and the European Union (EU) have finally completed the long ongoing negotiations regarding a Free Trade Agreement (FTA). This agreement is considered important for increasing trade and strengthening economic relations between the two biggest economies of the world. Both sides have described this deal as balanced and keeping the future in mind. This has also been formally announced today.

Antonio Costa said – strong political message against tariffs
European Council President Antonio Costa said the agreement sends a clear political message to the world against rising tariffs and protectionism. He said that this step of India-EU is very important amidst the uncertainty that has arisen at the global level due to the policies of US President Donald Trump.

India-EU closeness necessary: ​​Costa
Antonio Costa said while talking to Hindustan Times, ‘In today’s multipolar world, it is necessary that India and the European Union come closer. Together we can become a strong partner providing stability, trust and security in international relations and safeguarding the rules-based global order. Costa attended the Republic Day celebrations as the chief guest along with European Commission President Ursula von der Leyen.

The agreement is being described as the ‘Mother of All Trade Deals’
The European Union is India’s largest trading partner. The EU chief himself has called this free trade deal the ‘Mother of All Trade Deals’. It is believed that this will increase trade and investment especially in those areas which have been affected by Trump’s tariffs.

agreement to stabilize geopolitics
Antonio Costa said that this trade agreement is very important not only economically but also geopolitically.
He said, “This shows how trade can be protected based on international rules. This is a strong stabilizing agreement.”

Message of ‘trust on trade, not tariffs’
According to Costa, the India-EU agreement will send a message to the world that India and the EU believe in trade agreements rather than tariffs. This is happening at a time when many countries are moving towards protectionism and increasing tariffs.

Current India-EU trade figures
In the financial year 2024-25, trade in goods between India and the European Union stood at $136.53 billion. In this, India’s export was 75.85 billion dollars and import was 60.68 billion dollars. In the services sector, trade between the two will be worth $83.10 billion in 2024.

How much tax is levied on whom?
At present, the average tax on Indian goods in EU is 3.8 percent, but in labor intensive sectors it is up to 10 percent. Whereas in India there is an average tax of 9.3 percent on goods coming from EU. There is a duty of 35.5 percent on cars and their parts, 10.4 percent on plastics, and about 9.9 percent on chemicals and medicines.

Which sectors will benefit from FTA
When this free trade agreement is signed by the end of this year, many products from labour-intensive sectors like textiles, chemicals, gems and jewellery, electrical machinery, leather and footwear will get the opportunity to trade without duty or at reduced duty.

US President Donald Trump is going to get a double blow, on one hand the European Union (EU) is going to announce a Free Trade Agreement (FTA) with India and on the other hand the trade deal between America and EU may be suspended. Quoting sources associated with the International Trade Committee, BBC has reported that on Wednesday (January 21, 2026), the European Parliament in Strasbourg, France, may announce suspension of the trade deal with America.

This trade agreement between European countries and America was signed in Scotland in July last year. At that time, America reduced the tariff on the goods of European countries from 30 percent to 15 percent and in return these countries made this agreement to invest in America and increase American exports. However, now Trump seems to be in a different mood regarding Greenland and he has announced to increase the tariff by 10 percent from next month to put pressure on Europe, so that these countries support him on the issue of Greenland.

European countries angry over Trump’s tariff threats
Donald Trump has announced tariffs on eight European countries. From February 1, America will impose 10 percent tariff on the goods of these countries, these are the same countries which have openly opposed Trump’s decision to take American control over Greenland. On January 18, Trump said in a post on Truth Social that there would be a 10 percent tariff on goods from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland and this tariff could also increase. All these countries are with Denmark on Greenland.

Why does Trump want to take over Greenland?
Trump believes that America may be in danger due to increased activities of China and Russia in this area, hence he wants America to take control of Greenland soon. Greenland is one of the largest islands in the world and has been part of Denmark for nearly three hundred years. In the year 1979, Denmark gave autonomy to Greenland, under which Greenland was given the right to take decisions on everything except issues related to foreign, defense and economic matters. Greenland is considered a semi-autonomous part of Denmark and Denmark is a part of the North Atlantic Treaty Organization (NATO), hence Greenland is protected under this treaty, hence NATO member countries have also sent their troops to Greenland.

European Union will announce FTA with India on January 27
Countries like Britain and France have openly opposed Trump’s decision regarding Greenland and the French Foreign Minister has called the tariff blackmailing. On the other hand, FTA between India and European Union is going to be announced on 27th January. Under this agreement, two countries make it easier for each other to access their markets. After FTA, Indian goods will get access to the markets of 27 EU countries with low tariffs or no tariffs. At the same time, EU goods will also get similar access to Indian markets. America has also imposed tariff on India, Trump is imposing 50 percent tariff on Indian goods for purchasing oil from Russia.

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