India and US Near Agreement in Ongoing Bilateral Trade Negotiations

India and the United States are engaged in ongoing negotiations toward a bilateral trade agreement, with Commerce Secretary Rajesh Agrawal describing the deal as "very near" but without specifying a timeline. Virtual talks continue to address pending issues following high-level meetings in December 2025. Despite a 50% US tariff on many Indian goods, India's exports to the US remain resilient, supported by tariff-exempt sectors like electronics and pharmaceuticals. Both sides emphasize readiness before finalizing the agreement, which aims to significantly boost bilateral trade by 2030.