India-US Trade Deal: Recently, US President Donald Trump had threatened to impose tariffs of up to 500 percent on countries purchasing crude oil from Russia. India has also been among the major countries buying cheaper crude oil from Russia, due to which New Delhi’s concern had increased after this statement. However, now India has reduced the purchase of oil from Moscow to a great extent and considering the current situation, the threat of imposing 500 percent tariff on India seems to be almost over.

In fact, the biggest reason for this is believed to be the early completion of the long pending trade deal between India and America.

Will India-US trade deal happen soon?

Commerce Secretary Rajesh Aggarwal said on Thursday that talks regarding trade agreement between India and America are continuing. He also clarified that despite high tariffs, India’s exports to America are registering positive growth.

Addressing the press, Aggarwal said that both sides are negotiating a trade agreement and both feel that an agreement in some form or the other is possible. He told that in December last year, an important meeting had also taken place between Commerce and Industry Minister Piyush Goyal and US Trade Representative Jameson Greer through digital medium.

On which issues was the deal stuck?

Talks on trade agreement between India and America have been going on for a long time, but till now it has not reached any concrete result. The main reason for this is that India is not in favor of opening the agriculture and dairy sector to foreign competition. At present America has imposed a total tariff of 50 percent on India.

This includes 25 percent base tariff, while an additional 25 percent tariff has been imposed due to buying cheaper crude oil from Russia. Apart from this, America has also announced to impose 25 percent additional tariff on countries doing business with Iran, which further increased India’s concern.

New hope increased from the statement

However, after the latest statement of the Commerce Secretary, the indication has become clear that the ice between the two countries may melt. In case of agreement on the trade deal, not only will the threat of additional tariffs on India be averted, but the economic relations between the two countries can also get a new strength.

Experts believe that in the current global situation, both India and America do not want to lose each other as strategic and economic partners, hence sealing the trade deal is now only a question of time.

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India-US Trade Deal: Contrary to the statement of US Ambassador Sergio Gore, who reached India, in which he had said that trade talks between India and America will start from Tuesday, no formal talks regarding a trade deal are scheduled between the two countries this week. business today According to the report, Indian officials have clarified that at present no such plan has been decided in advance.

According to the report, officials said that the Commerce Ministry has not received any formal message from Washington regarding the talks. On the condition of anonymity, an official said that the recent proposals given by India will first be internally reviewed in America, only after that any further decision will be taken. Officials say that at least this month there is no possibility of any talks regarding a trade agreement between India and America, nor has any meeting been scheduled for this week or the near future.

postponed conversation

The possible talks between India and America have been postponed at a time when a new warning has been given by America. America has indicated that an additional tariff of 25 percent may be imposed on countries doing business with Iran. Meanwhile, while US Ambassador Sergio Gore has said that dialogue between the two countries will continue, US Commerce Minister Howard Lutnick has expressed doubts about any agreement being sealed soon. He has blamed lack of communication and missing big opportunities for this.

50 percent tariff on India

At present America is imposing a total tariff of 50 percent on Indian goods. This includes 25 percent base tariff, while an additional 25 percent tariff has been imposed on India as a penalty for purchasing oil from Russia at cheap prices.

It is noteworthy that trade talks have been going on between India and America for a long time, but on the issue of giving protection to farmers in the agriculture sector, India is adopting a cautious approach towards opening its markets. Till now several rounds of talks have taken place between the two countries, but no concrete result has been achieved. In such a situation, there remains uncertainty regarding further trade talks, although there is still hope for an agreement between the two sides.

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India-US Relations: The new US Ambassador to India, Sergio Gore, has given a big statement after taking charge. He has said that the friendship between President Trump and Prime Minister Modi is very true and strong. He told that he himself has traveled the world with President Trump and can testify to this friendship.

Sergio Gore said that the relations between India and America are not just for profit, but are based on trust and cooperation. He said that real friends may sometimes have differences of opinion, but in the end they resolve their differences. Apart from this, he has also given a big update regarding Trump’s visit to India.

Told when can Trump come?

Sergio Gore said, ‘I hope that the President will visit India soon, maybe in the next year or two.’ He also jokingly told that President Trump has a habit of calling at 2 in the morning and according to New Delhi time, this is the right time for him.

Big update given regarding India America trade deal

Sergio Gore also gave information about India-US trade deal. He said that officials of both the countries are actively talking and the next talks are scheduled to take place tomorrow. He said that India is the largest country in the world, so it is not easy to take the trade deal to the final stage, but both the countries are working hard to complete it. Trade is important, but both the countries are also working together in other areas like security, energy, technology, education, health and preventing terrorism.

The ambassador also gave a big good news for India. He said, ‘Next month India will be invited to become a full member of PaxSilica.’ Sergio Gore said that PaxSilica is a US-led initiative. Its objective is to create a secure and strong silicon supply chain in sectors like minerals, energy, advanced manufacturing, semiconductor, AI and logistics. Earlier it included Japan, South Korea, United Kingdom and Israel. Now India will also be invited to join this group.

India-US Trade Deal: Talks on trade deal between America and India are stuck. Meanwhile, on Thursday, US Commerce Secretary Howard Lutnick claimed that the talks on trade deal between India and America could not be finalized because Prime Minister Narendra Modi refused to call US President Donald Trump personally and hence the deal did not happen.

Lutnick also said, “The attacks struck deals with Indonesia, Vietnam and the Philippines.” We were hopeful that the deal with India would be completed before this. The deal was completely ready, but PM Modi did not call the President, due to which his ego was hurt and the deal was not completed.

Threat of 500 percent tariff on India

Earlier, US Senator Lindsey Graham said that President Trump has given the “green signal” to the ‘Sanctioning Russia Act’. This will put pressure on countries importing crude oil from Russia at cheaper rates, which will help in stopping Russian attacks in Ukraine. Under this bill, special mention was made of imposing tariffs up to 500 percent on India, China and Brazil. Overall, talks between the two countries are currently complicated on many issues.

India’s exports came under tension

However, the country’s exporters believe that Indian and American officials should sit face to face and resolve the issues so that a mutually beneficial trade agreement can be reached.

He says that America has already imposed 50 percent tariff on India, which is causing loss to both the countries. Now if the tariff increases further, it will cause a big blow to the business of both America and India. SC Ralhan, president of Federation of Indian Export Organization (FIEO), says both sides should continue talks for a deal. An exporter associated with the leather industry said, America is a big market for India and the trade agreement will boost the country’s exports.

“Although we are looking for new markets, America is a major market,” the exporter said. Another exporter from the engineering field said that the bilateral trade agreement between the two countries will help in reducing uncertainties on the trade front.

Think tank GTRI said that the blockage in the India-US trade deal reflects difficult policy decisions rather than a missed phone call. Ajay Srivastava, founder of the Global Trade Research Initiative (GTRI), said, “It may be an easy story to portray this delay as a matter of personal diplomacy, but it masks the significant differences that both sides have yet to resolve and risks undermining one of the most important trading relationships in the global economy.”

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On the other hand, Trump imposed tariffs, on the other hand India and China came closer; started trading a lot of goods

There is intense discussion on the statement of US Commerce Minister Howard Lutnick regarding the ongoing talks on trade deal between America and India. He said that PM Modi had not called US President Donald Trump regarding the trade deal, hence the deal could not be done. The Indian Foreign Ministry has rejected his claim. MEA spokesperson Randhir Jaiswal said that PM Modi has spoken to Trump eight times.

PM Modi talked to Trump 8 times: External Affairs Ministry

On the statement of US Commerce Minister Howard Lutnick, the Foreign Ministry said, ‘India and America have been negotiating a trade deal since February last year. Both sides have held several rounds of talks. The description of these discussions in the reported comments (statement of Howard Lutnick) is not true. We look forward to completing this deal. In the year 2025, there was a phone conversation between the Prime Minister of India and Trump on 8th, in which various aspects of our comprehensive partnership were discussed. We have come several times to finalize the deal.

MEA statement on India-US trade deal

MEA spokesperson Randhir Jaiswal said, ‘India and the US were committed to negotiating a bilateral trade agreement since February 13 last year. Since then both sides have held several rounds of talks to reach a balanced and mutually beneficial trade agreement. On many occasions we have been very close to agreement. We are interested in a mutually beneficial trade agreement between two complementary economies and hope to see it completed. Hope to complete.

Nothing has been finalized yet regarding the trade deal between America and India. Due to which India is facing 50 percent American tariff. Lutnik said in a podcast on Thursday (January 8, 2026), ‘All the agreements were ready and the deal was completely ready. Only talks were to be held at the level of both the leaders. PM Modi was supposed to call President Trump, but he did not.

India US Trade Deal: No official announcement has been made yet regarding the ongoing trade talks between India and America. Meanwhile, a big statement has come out from America. Which has started a new discussion on this issue. US Commerce Secretary Howard Latnick has claimed that the trade deal between the two countries could not move forward because Prime Minister Narendra Modi did not call the then US President Donald Trump.

In an interview with American investor Chamath Palihapitiya on the All-In podcast, Latnik said that this was completely Trump’s deal and all the preparations were complete. According to him, all that was left was for Prime Minister Modi to call President Trump, but he was not comfortable doing so. Latnik also told that after this, America signed agreements with Indonesia, Philippines and Vietnam in the very next week and announced many deals.

There is a difference between Latnik’s claims and figures

There is a difference between these claims and figures of Latnik. He has said that the countries which completed tariff negotiations with America early, got the benefit of lower tariffs. But the order and rates of the agreements signed in July 2025 show a different picture.

That month, the US completed negotiations with the European Union, the United Kingdom, Japan, Vietnam, Indonesia, the Philippines and South Korea. For example, Vietnam was the first to end negotiations. Despite this, America has imposed the highest tariffs on its exports.

Trade deal between India and America

Trade deals have been negotiated between India and America at many levels. However, it has not yielded any positive results yet. Many high officials from India have also visited America for trade deals.

According to Latnik, India has adopted a tough stance towards America’s demands. Trump has said earlier also that the tariff deal between the two countries will be done easily. America has imposed 50 percent tariff on India. Talking about statistics, this number is highest compared to Asian countries.

Also read: America’s tough stance on crude oil; Ambani plays a new leaf; Crude deal with Venezuela possible; movement seen in company shares too

Former Indian diplomat Deepak Vohra’s reaction has come to light on US Commerce Minister Howard Latnick’s statement regarding India-US trade deal. According to Deepak Vohra, could the US President not have called that he does not need a trade deal?

Is Trump’s ego that big – Vohra
Responding to Howard Latnick’s statement, Deepak Vohra asked whether Trump’s ego is so big that he thinks the whole world should bow before him. He said that US President Trump is a malignant narcissist and that is why he has imposed tariffs on many countries. Let us tell you that Trump has imposed the highest tariff on India at 50 percent. America has gained billions of dollars in profits from these tariffs. Donald Trump himself has told this.

Taunt on Donald Trump
Taking a dig at Donald Trump, former Indian diplomat Vohra said that once the Emperor of Rome was told that people have turned against him, he said that we are afraid, in such a situation, I want to tell Donald Trump that one day the fear will end but the hatred will not end. He further said that Donald Trump does not want to do a trade deal with India? Is this not their benefit?

What claims did Lutnik make?
During a conversation on the All-In podcast, Lutnick claimed that Trump himself is the leader who finalizes the deal and unless the leader talks directly, the deal will not be completed. According to him, America was assuming that the agreement with India would be reached before other countries, hence talks with countries like Indonesia, Philippines and Vietnam were also done on the same basis. Lutnik said that the call was not made to Trump from the Indian side because the Indian side was uncomfortable about this matter. During this time, America made agreements with other countries and their terms were fixed.

Apart from this, Lutnik also claims that India expressed its desire for talks again after about 3 weeks, but by then the situation had changed. India said that it is now ready for the deal, but by then the train had left the station.

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India US Trade Deal: The much awaited trade deal between India and America may happen in the first six months of this year. This has been said by Ian Bremmer, head of Eurasia Group and world renowned risk analyst. He says that American tariff increase on India may not even be included in the list of major risks for India in 2026. According to Bremer, this issue will definitely be big in 2025, but its importance will reduce significantly in 2026.

In an exclusive interview given to NDTV, Ian Bremner was asked about the timeline of the India-US trade deal. On this he clearly said, ‘India-America trade deal will be done in the first half of this year.’

Talks have been going on for several months

Negotiations on India-US trade deal have been going on for the last several months, but in August 2025, relations between the two countries turned sour when America imposed 50 percent tariff on India. This tariff was imposed due to India continuing to buy oil from Russia.

Prime Minister Narendra Modi last spoke to US President Donald Trump on December 11. This conversation took place shortly after Russian President Vladimir Putin’s visit to India. After this, after the visit of US Deputy Trade Representative Rick Switzer to India in December, Union Commerce Minister Piyush Goyal had said that talks regarding a trade deal with America are in the advanced stage.

Donald Trump gave a statement

Earlier today, President Donald Trump also said that his relations with Prime Minister Modi are good, but there is disagreement regarding tariffs. Trump said, ‘I have a very good relationship with Prime Minister Modi, but he is not happy with me because India has to pay higher tariffs. However, now India has reduced oil purchases from Russia to a great extent.

Constant changes in the situation regarding trade deals and the absence of any fixed deadline have increased the pressure on Indian exporters, especially before the new financial year. Many domestic export sectors of India have been badly affected by the 50 percent tariff imposed by America. These include leather, chemicals, footwear, gems and jewellery, textile and shrimp industries. These areas are expected to get relief in the coming days.

In America, President Donald Trump has indicated that he is considering imposing new tariffs on many agricultural products including rice coming from India. This statement has come at a time when efforts are being made to take the trade agreement between India and America forward again. The Trump administration believes that India and some other countries are ‘dumping cheap agricultural goods’ into the US market, causing losses to local farmers. This news can be a shock for those Indian farmers and exporters, for whom the US market has been the largest global buyer.

A major reason for stalling of trade deals is the dispute over agricultural imports.
The ongoing trade talks between India and America have been stuck for months and the main reason for this is the dispute over agricultural products. According to the Economic Times report, America wants India to give more space to dairy, meat, soya and agricultural products in its market, while India argues that this will have a deep impact on its small farmers. Due to this, the Trump government has already increased tariffs on many Indian products. Despite several rounds of talks between India and America, the trade agreement has not progressed. The biggest reason for this is disputes related to agriculture and food imports.

The things on which Trump is adamant-

Entry of GMO crops in India
America wants India to allow Genetically Modified (GMO) technology in crops like corn, soybean and wheat. But Indian scientists, farmers’ organizations and policy makers warn that this could lead to the extinction of local crop species, affect biodiversity and have serious health implications in the long run. That is why India still maintains a ban on GMO crops.

Import of American dairy products
America wants India to allow American milk, cheese, butter and ghee in its market. But India is the largest milk producing country in the world and more than 3 crore small farmers here are dependent on dairy. Apart from this, there is also a big religious and cultural objection – in America, enzymes made from animal bones are added to the food of cows. India considers it ‘non-veg milk’ and there is opposition to it on religious grounds also.

Demand to reduce import duty on agricultural products
America wants India to reduce taxes on agricultural products like wheat, rice, soybean, corn, apple and grapes, but India keeps high tariffs on these to protect its farmers so that Indian production is not affected by cheap imports.

India’s stance – no compromise with farmers and food security
Despite pressure from many countries including the World Trade Organization (WTO) and America, the Indian government is not in favor of changing its food security policy. Under the Pradhan Mantri Garib Kalyan Anna Yojana, India provides free food grains to 80 crore people. The poverty rate in India was 27% in 2011-12. Which has reduced to 5.3% in 2022-23. Therefore, India argues that agricultural self-reliance and food security are part of the national policy and cannot be changed under foreign pressure.

Foreign brokerage firm Nomura has given a big update on the India-US trade deal. The firm has estimated that the 50 percent US tariff applicable on India may be revised to only 20 percent. Six rounds of talks have taken place between India and America regarding the trade deal, but no final decision has been taken yet. However, US President Donald Trump has said many times that a positive deal is going to happen between the two countries.

Nomura said that the outcome of the trade agreement between America and India still remains uncertain. The firm says that despite positive signals from both the countries, the agreement has not been signed yet. However, the firm has expressed confidence that soon a deal will be reached between India and America and the American tariff imposed on India will be reduced from 50 percent to around 20 percent. The foreign brokerage firm has also said that the stock market is hopeful that a trade deal will be reached between the two countries by the end of the year.

Nomura has also changed its estimate regarding India’s GDP growth rate. It has increased the growth rate from 7 percent to 7.5 percent for fiscal year 2026, but has maintained the 25 basis points cut for December. Recently the Finance Ministry has said that India has grown with a GDP growth rate of 8.2 percent from July to September.

America has imposed 50 percent tariff on Indian exports. After assuming power in January, Donald Trump had imposed heavy tariffs first on China and then on India, after which it was believed that it could have a big impact on India’s economy. However, big institutions like IMF had said that American tariffs will not be able to affect India’s economy much. The firm estimated that India’s economy would remain stable. Now the whole world is surprised to see this growth rate of India.