Archive · 23 Jul 2026
India-US Trade Deal Nears Completion
India's External Affairs Minister S Jaishankar met with US Secretary of State Marco Rubio in Manila.
They talked about important things like trade, energy, and security.
They want to make their countries' relationship stronger.
There have been some problems recently, like the US putting tariffs on Indian goods because India buys oil from Russia.
But they are working on fixing these issues and making trade better between them.
They have been meeting a lot lately to talk about these things.
The US said the trade deal is almost done.
India's External Affairs Minister S Jaishankar met with US Secretary of State Marco Rubio in Manila.
Discussions focused on trade, tariffs, energy, defence, security, critical minerals, and artificial intelligence.
The meeting took place on the sidelines of ASEAN-related ministerial gatherings.
Recent strains in relations include US tariffs on Indian goods due to India's purchases of Russian oil.
Both countries are working towards an interim trade agreement to address these issues and expand market access.
- Who
- External Affairs Minister S Jaishankar and US Secretary of State Marco Rubio
- What
- Discussions on trade, security, and global challenges
- When
- On the sidelines of ASEAN-related ministerial gatherings
- Where
- Manila, Philippines
- Why
- To strengthen bilateral ties and address mutual interests
India's Perspective
US Perspective
Trade and Tariffs
India's Perspective
India seeks to address trade imbalances and tariff barriers imposed by the US, particularly those linked to India's purchases of Russian oil.
US Perspective
The US aims to secure an interim trade agreement to expand market access and address trade issues with India.
- Location
- Manila, Philippines
- Participants
- S Jaishankar, Marco Rubio
- Focus Areas
- Trade, tariffs, energy, defence, security, critical minerals, artificial intelligence
- Recent Strains
- US tariffs on Indian goods due to India's Russian oil purchases
- Partnership Duration
- 2 decades
- Trade Deal Status
- Almost complete
Sources
India, US discuss trade, security in Manila meeting
Jaishankar, Rubio agree on importance of Indo-US interim trade deal, discuss defence pacts
India-US trade deal 'almost complete', says US after Jaishankar-Rubio talks in Manila
US says interim trade deal almost ready as Jaishankar meets Rubio in Philippines
