Archive · 14 Nov 2025
US-India Trade Deal Expected in November; India to Import US Agricultural and Dairy Products
The US and India are close to signing a new trade agreement, expected by the end of November.
As part of this deal, India will start importing certain farm products like soyabean and corn from the US, and also some dairy items.
In return, the US will remove some of the extra charges, called penalty tariffs, that were in place.
India is trying to get the best possible prices for these imports by asking for lower tariffs than other countries have.
India's plan for corn is to use it to make fuel.
The issue of India buying oil from Russia is also mostly settled, with India expecting to buy less Russian oil starting now due to US sanctions.
This agreement aims to boost trade between the two countries.
A US-India trade deal is expected to be announced before the end of November.
India will allow duty-free imports of US soyabean, corn, and certain dairy products.
Reciprocal tariffs are being negotiated, with India pushing for rates below 15%.
India plans to use imported US corn for ethanol production.
India's imports of Russian oil are expected to significantly decrease starting in November due to US sanctions.
- Who
- United States and India
- What
- A bilateral trade agreement is anticipated to be announced, involving India's duty-free import of US soyabean, corn, and certain dairy products, alongside a US withdrawal of penalty tariffs.
- When
- Before the end of November
- Where
- Implied to be ongoing negotiations between Washington and New Delhi
- Why
- To finalize a reciprocal trade agreement, address import/export of specific goods, and settle issues related to Russian oil purchases.
US Perspective
India's Perspective
Tariff Rates
US Perspective
The US is negotiating reciprocal tariffs, aiming for rates potentially between 15-19%.
India's Perspective
India is advocating for lower tariff rates, ideally between 12-15%, to be lower than the EU's 15%.
Import of Products
US Perspective
The US seeks to export soyabean, corn for ethanol production, and certain dairy products to India.
India's Perspective
India agrees to import soyabean (non-genetically modified) and corn, and potentially some dairy products under specific conditions, while safeguarding its farmers' interests.
- Potential Deal Announcement
- Before the end of November
- US Tariffs Withdrawal
- Following the trade deal announcement
- India's Imports
- Soyabean, corn (for ethanol), certain dairy products (excluding liquid milk)
- Reciprocal Tariffs Discussed
- Between 12-19%, with India pushing for lower end
- India's Oil Imports from Russia
- Sharp fall expected from November; orders reduced due to US sanctions
