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Trump, Modi Signal Restart of U.S.–India Trade Talks After Tariff Rift

Both leaders publicly signal a restart of talks, with 50% U.S. tariffs tied to Russian oil purchases still in place.

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Prime Minister Narendra Modi with US President Donald Trump at the White House in Washington, D.C., on February 13, 2025. (REUTERS)
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Overview

  • President Donald Trump said on Truth Social that negotiations with India are continuing and that he expects to speak with Prime Minister Narendra Modi in the coming weeks.
  • Modi responded on X that India and the United States are close friends and natural partners and said the teams are working to conclude discussions quickly.
  • The Trump administration’s duties on Indian exports stand at up to 50%, combining a 25% reciprocal tariff with a 25% penalty linked to India’s purchases of Russian crude.
  • Authoritative reports say India’s chief trade negotiator Rajesh Agarwal will lead a delegation to Washington next week to resume talks with U.S. counterparts.
  • A Business World report, cited by Financial Express, says Reliance Industries chairman Mukesh Ambani is slated to meet Trump on September 12, a claim that has not been officially confirmed.