Archive · 19 Nov 2025
US-India Trade Talks Progress, Exports Rebound
The United States and India are still talking about a big trade deal.
Indian things sent to the US started to be sold more in October after being sold less for a few months.
But there are still fewer sales than last year.
India's sales to many other countries also went down.
The Indian minister in charge of trade says the US and India are still good friends and they are working on a fair trade deal.
US-India trade talks are ongoing with key aspects nearing closure.
Indian exports to the US rebounded in October after a four-month slump.
Exports increased 14.5% month-on-month but remained 8.5% lower than October 2024.
India's overall exports fell 11.8% year-on-year in October, with only five of its top markets growing.
Union Minister Piyush Goyal assures no hiatus in India-US relations and a fair trade deal is being negotiated.
- Who
- US President Donald Trump, Indian Commerce Secretary Rajesh Agarwal, Indian oil companies, US companies seeking market access, Indian Commerce Minister Piyush Goyal
- What
- Phase one of the US-India bilateral trade agreement and Indian exports to the US
- When
- October 2025
- Where
- United States and India
- Why
- To deepen economic ties, increase bilateral trade, and address trade imbalances
Optimism for Deal
Challenges and Complexities
Progress on Trade Talks
Optimism for Deal
US President Donald Trump and Indian Commerce Secretary Rajesh Agarwal both indicate progress in trade talks.
Challenges and Complexities
Talks are ongoing, and some issues like market access for US products and Indian oil companies' deal with the US remain under discussion.
Tariff Reductions
Optimism for Deal
Phase one of the deal will address 50% tariffs, including those on Russian crude oil imports.
Challenges and Complexities
India's exports to the US have declined due to high tariffs, indicating existing trade barriers.
- US Share in India's Total Trade
- 10.73%
Sources
US-India trade deal in sight, says White House adviser Hassett: Report
US-India trade deal: Phase one of bilateral trade agreement almost complete, will address 50% tariffs, market access
India-US Trade Deal 'Close To Finish Line', Says White House Adviser Kevin Hassett: Report
Exports to US bounce back in October, ending India’s four-month dip after Trump tariff shock
No hiatus in India-US relations, trade talks on track: Goyal
There will be good news on India-US trade pact once deal is fair, equitable: Goyal
US, India Trade Deal Can Be Worked Out 'Soon': Trump Administration Official
Piyush Goyal Says 'No Hiatus' In Partnership With US, 'Good News' On Trade Deal When Right Balance Reached
