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3d ago

U.S.–India Trade Talks Set to Resume After Leaders Signal Thaw

Negotiators prepare to meet in Washington next week with 50% U.S. duties still in place over India’s Russian oil buys.

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Director of White House Office of Presidential Personnel Sergio Gor poses on the red carpet during the 26th Mark Twain Prize for American Humor at the John F. Kennedy Center for the Performing Arts in Washington, D.C., U.S., March 23, 2025. REUTERS/Craig Hudson/File Photo
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Overview

  • President Donald Trump said the two countries are continuing negotiations on trade barriers and signaled a call with Prime Minister Narendra Modi in the coming weeks.
  • Modi responded that India and the United States are close friends and said teams are working to conclude discussions at the earliest.
  • India’s chief trade negotiator Rajesh Agarwal is expected to travel to Washington next week to restart formal talks, according to multiple Indian media reports.
  • Commerce Minister Piyush Goyal expressed confidence that a first tranche of a trade deal could be finalized by November 2025 as India reiterates its right to buy Russian crude.
  • U.S. Commerce Secretary Howard Lutnick voiced optimism about a deal but urged market opening and an end to Russian oil purchases; reports that Trump pushed the EU to consider tariffs up to 100% on China and India remain unconfirmed.