He described the discussions at the ministerial as productive and outcome-oriented, highlighting the growing importance of critical minerals in global supply chains.
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Moneycontrol06-02-2026, 07:25

India-US Free Trade Deal: 'Only the Beginning,' Says US State Department, Flags Long Road Ahead

  • The US State Department, through Hindustani Spokesperson Margaret MacLeod, stated that the India-US Free Trade Agreement is merely a first step in a long journey.
  • MacLeod noted that President Trump reduced tariffs on Indian imports after India agreed to cease Russian oil imports, preceding the recent FTA.
  • President Trump and PM Modi signed the FTA, followed by a meeting between Secretary Rubio and EAM S Jaishankar discussing Quad, trade, and critical minerals.
  • The US is engaging 55 nations, including India, to establish a smooth, resilient, and trusted supply chain for critical minerals, inviting investments in mining, refining, and processing.
  • EAM S Jaishankar attended the Critical Minerals Ministerial in Washington, DC, where India supported the new FORGE initiative, succeeding the US-led Mineral Security Partnership.

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