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India and US Hit Trade Negotiation “Plateau,” Sitharaman Says

By Drooid · Oct 5, 2026, 10:08 AM UTC · How we work

Summary

Story summary

Nirmala Sitharaman said India and the United States have reached a “plateau” in trade negotiations.
She said India’s trade surplus and protecting national interests make concessions difficult.
She said India opened 92.5% of tariff lines and 97% of value, while the EU opened 99% of value.
She noted the United States wants to reduce its trade imbalance with India beyond formal talks.

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Story summary

Nirmala Sitharaman said India and the United States have reached a “plateau” in trade negotiations.
She said India’s trade surplus and protecting national interests make concessions difficult.
She said India opened 92.5% of tariff lines and 97% of value, while the EU opened 99% of value.
She noted the United States wants to reduce its trade imbalance with India beyond formal talks.