US President Donald Trump said on Tuesday (11 November 2025) that his administration is very close to finalizing a Fair Trade Deal with India. He indicated that the high import tariffs imposed on India can be reduced in the coming times.

In response to questions from journalists, Trump said, “Tariffs on India are very high because of Russian oil, but now India has significantly reduced the purchase of oil from Russia.” We will reduce the tariff at the earliest appropriate time. His statement has come at a time when America had recently increased the duty on some products coming from India from 25% to 50%. The reason for this was said to be India’s ongoing oil import from Russia, whereas India has always been saying that it takes decisions based on its energy security interests.

#WATCH US President Donald Trump says, “We’re making a deal with India, a much different deal than we had in the past. So right now, they don’t love me, but they’ll love us again. We’re getting a fair deal, just a fair trade deal. We had pretty unfair trade deals…But we’re… pic.twitter.com/r93gmaU7xk

— ANI (@ANI) November 10, 2025

Trump’s comment on oil trade between India and Russia
Trump claimed that India has now significantly reduced the purchase of oil from Russia. However, the Government of India had already made it clear that its policy is based on energy procurement in line with national interests. Earlier, Trump had also said that he had received assurance from Prime Minister Narendra Modi to stop oil trade with Russia, but India had not confirmed any such conversation.

New chapter towards fair trade
Trump said in his statement that in the past decades, trade agreements between America and India have always been one-sided, due to which American companies suffered losses. “Now his administration is preparing an agreement that will equally balance the interests of both countries.” He said, “We are making a new agreement with India which will be completely different from before. This will prove beneficial for both the countries.”

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India eu fta: In addition to 25 percent tariff on India from the US, an additional tariff of 25 percent has been imposed as a panalty due to the purchase of crude oil from Russia. Due to this, the total rates have been 50 percent. The high tariff imposed on India has tightened the competition for Indian exporters in the American market. That is, it is becoming difficult for India to remain in front of Vietnam or Bangladesh and Pakistan exporters.

India-EU Free Trade Agreement

Meanwhile, efforts are being intensified between India and European Union for ambitious free trade agreement and two important meetings have been scheduled next month to remove all pending differences. According to officials, a delegation of European officials is coming to New Delhi this week. Where they can discuss issues with differences such as market access, customs duty on agricultural products and especially alcohol and dairy.

This step is being taken at a time when India is under pressure from American high tariff. And the White House is constantly putting pressure on the European Union to impose additional customs on India due to buying oil from Russia.

New Delhi’s eye on the new market

Actually, both sides are trying to do the conversation by the end of this year. Because due to the influence of Trump Tariff, New Delhi is looking for a new market. India’s European Union is a large trading partner and bilateral trade between the two countries has touched a figure of about 135 billion in 2023-24.

It is believed that the European Union will present its new vision on 17 September regarding India. And it can be formally announced at the conference to be held early next month.

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