Overview
- Five rounds of talks are done, government officials say the text is largely complete and WTO‑compliant, and the United States must now respond.
- President Donald Trump said the countries are "pretty close" to a fair deal and indicated the 50% tariffs could be lowered at some point.
- Piyush Goyal said India will not compromise the interests of farmers, fishermen, dairy producers and workers in any agreement.
- Steep U.S. duties totaling 50%, including an extra 25% tied to Russian oil purchases, are pressuring exporters such as textiles and seafood.
- India is preparing for multiple timelines and pivoting to new markets, citing EU approvals for fisheries and outreach to Russia and Gulf buyers, while engaging a U.S. business delegation on cooperation in AI, clean energy, minerals, biotech, aerospace and advanced manufacturing.