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India, U.S. Race to Finalize $500B Trade Deal

6/7/2025

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Summary

Story summary

Indian and U.S. officials are deep in negotiations for a Bilateral Trade Agreement in New Delhi, racing against a July 9 deadline to finalize tariff cuts on agriculture and automobiles. Despite tensions over U.S. steel and aluminum tariffs, both countries are determined to boost trade, setting an ambitious goal of $500 billion by 2030.

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Story summary

Indian and U.S. officials are deep in negotiations for a Bilateral Trade Agreement in New Delhi, racing against a July 9 deadline to finalize tariff cuts on agriculture and automobiles. Despite tensions over U.S. steel and aluminum tariffs, both countries are determined to boost trade, setting an ambitious goal of $500 billion by 2030.