US Edition
India-US Trade Pact Will Be Finalised Soon: Jitin Prasada
- Union Minister Jitin Prasada announced on May 23, 2025, that India and the US will finalize a trade agreement soon in Washington, D.C.
- The announcement follows ongoing tariff discussions aiming to avoid the 26% reciprocal duties imposed by the US on Indian goods since April 2025.
- The proposed trade deal includes phased agreements covering tariffs, non-tariff barriers, investments, and quality controls, seeking tariff concessions on several labor-intensive Indian export sectors.
- As of 2024-25, bilateral trade reached $131.84 billion, with India holding a $41.18 billion trade surplus, and officials are targeting interim deal signing by July 8 to maintain tariff suspension.
- Finalizing the agreement could enable India to avoid additional duties, promote export growth, and strengthen economic ties, with full approval requiring the US Congress and completion expected in stages through next year.
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India, US Make Progress On Mutually Beneficial Trade Agreement: Piyush Goyal
India and the US have made further progress on concluding a mutually beneficial trade agreement, Union Commerce and Industry Minister Piyush Goyal has stressed, amid talks with the US Commerce Secretary Howard Lutnick towards the first tranche of BTA
·New Delhi, India
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India to sign interim trade deal with US by July 8 to avoid Trump's reciprocal tariffs: Report
India is seeking tariff concessions on its labour-intensive sectors like leather and textiles. Meanwhile, the Trump administration would need Congress's approval to reduce tariffs below the MFN (most favoured nation) rates
·Mumbai, India
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Leaning Left2Leaning Right2Center2Last UpdatedBias Distribution33% Left, 33% Center, 33% Right
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
L 33%
C 33%
R 33%
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