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

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Moneycontrol•06-02-2026, 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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