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Jun 24, 2026
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India says it discussed pathways to interim trade deal with US
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India and the United States discussed pathways to conclude an interim trade deal, after talks between its trade minister Piyush Goyal and U.S. Trade Representative Jamieson Greer.
Under the proposed deal, New Delhi is seeking a competitive tariff edge over other regional exporters to the U.S. market. In February, the two sides agreed to 18% tariffs on Indian goods in exchange for New Delhi lowering trade barriers and buying more American goods. But a final deal has been clouded by the U.S. Supreme Court ruling invalidating Trump's sweeping global tariffs. The ruling effectively removed the U.S. offer to cut tariffs on Indian goods from 25% to 18%, while India is still being asked to make long-term market-access commitments, said Ajay Srivastava, founder of the Delhi-based Global Trade Research Initiative (GTRI).
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