India-US Trade Deal Nears Completion, Signals New Era in Bilateral Ties: EAM Jaishankar

India
M
Moneycontrol•05-02-2026, 15:22
India-US Trade Deal Nears Completion, Signals New Era in Bilateral Ties: EAM Jaishankar
- •EAM S Jaishankar announced the India-US trade deal is in its final detailing stages, calling it "historic" and set to open a new phase in bilateral relations.
- •Jaishankar's remarks followed his February 2-4 visit to the US, where he attended the Critical Minerals Ministerial hosted by US Secretary of State Marco Rubio.
- •The EAM confirmed rapid progress in critical mineral cooperation and anticipated future engagement on strategic issues, defence, and energy.
- •During his visit, Jaishankar met with senior US administration officials, including Secretary Rubio and Treasury Secretary Scott Bessent.
- •The trade agreement includes the US reducing tariffs on Indian products from 25% to 18%, and India committing to reduce tariffs and non-tariff barriers against the US to zero, and buying over USD 500 billion in American goods.
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