India, US Have Reached a Plateau in Trade Talks, Indian Finance Minister Says
Sitharaman said the talks remain active, but both sides face limited room for further concessions as Washington seeks to narrow its trade deficit.
- On Monday, Finance Minister Nirmala Sitharaman announced that India-US trade negotiations have reached a "plateau," with both sides facing difficulty in making further concessions even as talks continue.
- Since February 2025, the two nations have sought to resolve long-standing market access issues, as Washington aims to reduce a trade deficit it views as unfavorable to the United States.
- Trade Representative Jamieson Greer noted last week that an agreement is not imminent, after identifying the "universe" of sticking points during recent meetings with Indian Trade Minister Piyush Goyal in Milwaukee.
- Sitharaman stated that giving or taking beyond the current plateau would be "very, very difficult" for both countries, as officials tailor agreements to protect national interests.
- India's recently concluded agreement with the European Union, which opened 99% of trade value, serves as a template for how India negotiates future bilateral economic deals.
23 Articles
23 Articles
India-US trade talks hit ‘plateau’: Sitharaman says further give-and-take ‘very, very difficult’
India and the US have reached a challenging stage in their trade negotiations, according to Finance Minister Nirmala Sitharaman. She indicated that both nations must navigate a significant trade imbalance affecting their discussions. Trade talks continue, but reaching further concessions seems increasingly difficult as both sides evaluate their positions. Meanwhile, India is actively seeking bilateral agreements, especially with the European Uni…
India-US Trade Negotiations Reached 'plateau', Further Give-and-take Difficult: FM Nirmala Sitharaman
Get latest articles and stories on Business at LatestLY. Nirmala Sitharaman said the agreement was still being “hard and very rigorously negotiated”, while highlighting the trade imbalance as a key feature of India-US economic relations. Business News | India-US Trade Negotiations Reached 'plateau', Further Give-and-take Difficult: FM Nirmala Sitharaman.
India, US have reached a plateau in trade talks, Indian finance minister says
By Shivangi Acharya NEW DELHI, Oct 5 (Reuters) – India and the United States have reached a plateau in their trade deal talks, India’s Finance Minister Nirmala Sitharaman said on Monday, a further sign that the two sides have hit a wall on a crucial deal. Giving or taking more beyond that plateau would be “very, very difficult” for both countries, Sitharaman said at an event in New Delhi. “Maybe if there are rooms to operate from, both sid…
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