Back to today’s briefing

Story perspectives

US and India Aim for $500 Billion Trade Deal

4/30/2025

50 10

Center

Bessent Advances Trade

A groundbreaking trade deal between the US and India is on the horizon, with US Treasury Secretary Scott Bessent revealing that negotiations are progressing smoothly. Both nations are determined to double their bilateral trade to an impressive $500 billion by 2030, fueled by recent discussions between Vice President JD Vance and Prime Minister Modi.

Right

Bessent Urges Tariff Reduction

US Treasury Secretary Scott Bessent sounded the alarm on China's potential loss of 10 million jobs from unsustainable tariffs, urging a reduction to ease rising tensions with the U.S. In brighter news, he celebrated fruitful trade talks with India, South Korea, and Japan, showcasing the strides made during Vice President Vance's recent trip to India.

History

Historical Context

The upcoming trade deal between the U.S. and India reflects a long history of economic collaboration, dating back to the 2005 U.S.-India Civil Nuclear Agreement, which opened avenues for trade and investment. Since then, bilateral trade has grown significantly, with the U.S. becoming India's largest trading partner, highlighting the strategic importance of their economic relationship amidst rising tensions with China.

1 of 3

Bessent Advances Trade

A groundbreaking trade deal between the US and India is on the horizon, with US Treasury Secretary Scott Bessent revealing that negotiations are progressing smoothly. Both nations are determined to double their bilateral trade to an impressive $500 billion by 2030, fueled by recent discussions between Vice President JD Vance and Prime Minister Modi.

1 / 3