India–US Trade Talks

From 50% tariffs to a stalemate

How 14 months of negotiations moved — and where they stand now.
Aug 2025Washington

US slaps punitive tariffs

50%

Steep duties on most Indian goods amid a dispute over India's Russian oil imports.

Feb 2, 2026Trump–Modi

Interim framework announced

50% → 18%

Tariffs on Indian goods cut to 18% in exchange for India lowering trade barriers.

Jun 24, 2026New Delhi

Goyal–Greer talks

Commerce Minister Piyush Goyal and USTR Jamieson Greer push for a final interim pact.

Jul 13, 2026US Supreme Court

Emergency tariffs struck down

Baseline 10%

Ruling invalidates sweeping global tariffs; friction persists over agriculture and market terms.

Sep 29–Oct 5United States

Goyal's US visit

~90% done

G20 trade meetings and negotiations; remaining terms hinge on US competitive demands.

Oct 5–7, 2026Now

Talks hit a "plateau"

Stalled

FM Nirmala Sitharaman and officials say little room is left for concessions on Russian oil and market access.