Commerce Secretary: India, US Close to Tariff Deal, No Timeline

• India and the US are nearing a framework deal to address tariff issues, though no timeline has been provided by the Commerce Secretary.
• The recent visit by the Deputy US Trade Representative involved stock-taking after six rounds of discussions for a Bilateral Trade Agreement (BTA).
• Discussions included an interim deal to tackle reciprocal tariffs between the two nations.
• Despite 50% US tariffs, India's merchandise exports to the US increased by 11.38% from April to November 2025.
• India's rice exports to the US are not under anti-dumping investigation, with 80% being GI-tagged basmati rice.

Why It Matters: India-US trade deal framework nearing completion could affect tariffs and trade.