India-US trade deal 99% finalised, says Sergio Gor
The US Ambassador to India shared that negotiations between India and the US have been underway for nearly one-and-a-half years.
The US Ambassador to India shared that negotiations between India and the US have been underway for nearly one-and-a-half years.
The broader India-US trade agreement will be signed in a phased manner, and negotiations for the second phase of the pact will continue after the signing of the first tranche of the deal.
The June 1-4 visit is expected to focus heavily on finalizing the contours of an interim trade arrangement while simultaneously advancing broader negotiations on market access, customs cooperation, investment facilitation and economic security alignment between the two strategic partners.
Discussion between Marco Rubio and Ajit Doval focused on defence, security and strategic technology related cooperation including the TRUST initiative.
Marco Rubio's maiden trip to India comes after Donald Trump administration's trade and tariff policies.
BJP chief spokesperson Anil Baluni said that India has always prioritised its national interests, adding that imports from Russia rose from about 0.1 million barrels per day to nearly 2 million barrels per day in 2023.
He further told Trump that if he wants to protect the US dollar, then Indian data is the biggest asset that can help him.
In his fiery Lok Sabha speech, Rahul Gandhi accused Prime Minister Narendra Modi of “compromising” India’s interests while signing the trade agreement with the United States.
Speaking in the Lok Sabha during the debate on Union Budget 2026-27, Rahul Gandhi said the data of 1.4 billion Indians was a key strength of the country and the Modi government had compromised on the same while finalising the trade deal with the US.
The White House has revised its India-US trade framework factsheet, softening language on product purchases, tariff cuts and digital services tax after last week’s interim agreement announcement.
