Archive · 17 Jun 2025
India, US Aim for Interim Trade Deal by July; Talks Continue
India and the US are working towards a trade deal, hoping to have a first part done by July 9th.
They are also aiming for a complete deal by the fall of 2025.
India's trade deficit is shrinking, and exports to the US are doing well despite some tariffs.
At the same time, India wants to finish a trade deal with the European Union by the end of this year to boost trade.
India and the US aim to sign an interim trade deal before July 9.
Bilateral trade talks are progressing, with a deal targeted by fall 2025.
India's trade deficit narrowed to $21.88 billion in May.
Indian exports to the US expanded to $17.25 billion in April-May.
India plans to finalize a free trade agreement with the European Union by the end of the year.
- Who
- India and the US trade officials and government.
- What
- Negotiations for an interim trade deal between India and the US.
- When
- The target for an interim deal is before July 9; a full deal is targeted for fall 2025.
- Where
- India and the United States.
- Why
- To reduce tariffs, increase trade and strengthen economic ties.
Impact of Tariffs
India-EU Relations
Impact of Tariffs
Impact of Tariffs
Tariffs from US President Trump have caused concern among Indian exporters.
India-EU Relations
Indian exports to the US have increased despite tariffs
- Agreement Type
- Interim Trade Deal
- Target Date (Interim)
- Before July 9
- Target Date (Full Deal)
- Fall 2025
- India's Trade Deficit (May)
- $21.88 billion
- India's exports to US (April-May)
- $17.25 billion
- EU Deal Target
- End of year
Sources
Would like to conclude early tranche of trade pact with US before July 9: Commerce Secy
India eyes early trade deal with US before July 9
Would like to conclude early tranche of trade pact with US before July 9: Commerce Secy
'Initial Deal Before July 9': Commerce Secretary Says 'Good Progress' On India-US Trade Talks
Early phase of BTA with US likely before July 9
India’s goods exports contract 2.17% in May to $38.73 bn
‘India, US working on early tranche of trade pact by July 9’
