US Aims for $500 Billion Trade Deal: Crucial India Talks Loom
A high-powered US delegation is scheduled to arrive in India on August 25 for crucial bilateral trade talks. The primary objective: finalise an agreement to double trade between the two nations to a staggering $500 billion by 2030.
Negotiations, which commenced in March 2025, have been marked by significant differences. The US is pushing for substantial reductions in Indian tariffs on its goods.
India, conversely, is seeking reciprocal tariff exemptions on its exports to the US market. Underlying this push is the US’s desire to significantly curtail its trade deficit with India.
The upcoming talks are therefore expected to be intense, with both sides needing to find common ground. The outcome will have far-reaching implications for the global economy and the strategic partnership between India and the United States. Success hinges on bridging the gap between the two nations’ trade priorities, impacting millions of jobs and consumers on both sides of the Pacific.