Trump, US and BRICS
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A delegation from India is expected to visit the United States soon for trade talks, a government official told reporters, as the two countries look to iron out disagreements over duties for auto components,
Amidst ongoing discussions for an interim trade agreement, the US has again raised concerns at the WTO regarding India's dairy certificate requirement
India is negotiating a trade deal with the US, aiming to finalise an interim agreement before autumn. The country is also integrating with global markets through FTAs, and logistics improvements are crucial for boosting India's share in world trade from 2% to 10%.
This article was originally published on May 22, 2025, and revised to reflect developments through June 3, 2025. It does not reflect developments after June 3. When Indian Prime
Exporters also remain hopeful that a mini-trade deal between India and the US will be signed before the August 1 deadline, helping them get some concessions and a reprieve from the higher tariff of 26%.
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India's chief negotiator Rajesh Agrawal confirms efforts to finalize a trade agreement with the US by fall, aiming for an interim deal first. India also pursues FTAs with EU, UK, and other countries.
A broader trade agreement, including cooperation on key supply chains, foreign investment, and advanced technologies makes a deal more likely and can help the U.S. and India more effectively counter China.
The Indian stock market has remained rangebound since June, influenced by uncertainties over a potential India-US trade deal and muted earnings growth. Despite prolonged negotiations and positive signals from Washington,