India-US Bilateral Trade Agreement Nears Completion: Set to Address 50% Tariffs and Boost Trade Relations

Nov 18, 2025 02:19 am CST

The first phase of the India-US bilateral trade agreement is nearing completion, designed to address the 50% tariffs imposed by the Trump administration while resolving market access issues. The deal aims to more than double bilateral trade to $500 billion by 2030 from the current $191 billion, with both countries working to balance their trade relationship despite current tensions over India's Russian oil purchases.