The Daily PulseBusiness
India-US Trade Deal Talks Hit a Plateau, Says Finance Minister Sitharaman
Reported by Neha Sharma (Staff Writer) · Indian Express - Business ·
Reported by one source so far
Photo: Wikimedia CommonsIndia-US trade deal stuck? Sitharaman says give-and-take 'very difficult'. Finance Minister Nirmala Sitharaman on Monday said that the India-US trade deal talks have hit a plateau, beyond which giving or taking might be "very, very" difficult. This comes days after United States Trade Representative (USTR) Jamieson Greer said that signing the deal is not "imminent" as both countries have identified a "universe of items that are sticking points". India-US trade relations are undergoing a fresh challenge ever since US President Donald Trump signed into law the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, giving him the authority to impose tariffs up to 1
ExplainerWhy this matters
What Happened
India and the United States are currently stuck in difficult bilateral trade negotiations, complicated further by new US legislation targeting countries that purchase Russian oil and gas and separate industrial capacity investigations.
Why It Matters
The outcome of these trade talks directly affects Indian exporters, manufacturing sectors, and long-term commercial ties with the US. Tariff uncertainties cause foreign buyers to alter purchasing patterns, impacting business revenues.
What Happens Next
High-level discussions between national leaders and trade representatives are expected to continue to assess progress, while Indian businesses await formal decisions on pending US tariff investigations.
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