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US-India Trade Deal Not Imminent Despite "Constructive Talks"
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News18•02-10-2026, 04:12
US-India Trade Deal Not Imminent Despite "Constructive Talks"
- •US Trade Representative Jamieson Greer stated a trade deal with India is not expected to be finalized immediately, despite ongoing "constructive conversations."
- •Greer confirmed that Washington is actively working with India to complete a bilateral trade agreement, identifying key "sticking points."
- •Prime Minister Narendra Modi and US President Donald Trump recently spoke, agreeing to maintain close engagement to strengthen the India-US strategic partnership.
- •Commerce Minister Piyush Goyal is currently in the US for negotiations on the proposed India-US Bilateral Trade Agreement and a possible interim arrangement.
- •Key differences remain in negotiations, including issues over market access, tariffs, and India's concerns regarding US tariff measures related to Russian oil purchases.
Key Questions Answered
No, US Trade Representative Jamieson Greer stated that a trade deal is not expected to be finalized immediately, although both sides are holding constructive talks and working diligently to resolve key sticking points.
The ongoing negotiations have faced differences primarily over market access and tariffs, alongside Indian concerns regarding new US tariff measures linked to its purchases of Russian oil.
Jamieson Greer held a constructive conversation with Indian Commerce Minister Piyush Goyal during the G20 trade ministers' meeting in Milwaukee, as part of Goyal's official visit to the US.
