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US, India trade deal enters final steps after 18 months of talks

U.S., India trade deal in final steps: Sergio Gor'We're in the final steps': US ambassador Sergio Gor signals progress on India-US trade deal

US Ambassador to India Sergio Gor announced on June 30, 2026 that the US-India trade deal is in its final steps, with only 1% of negotiations remaining after nearly 18 months of talks.

The deal aims to raise bilateral trade to $500 billion, a target set by President Trump and Prime Minister Modi, and is expected to be sealed soon.

This progress marks a significant milestone in US-India economic relations and could strengthen both nations' strategic partnership.

  • The US and India have not signed a comprehensive bilateral trade agreement in over 30 years.
  • India is currently the world's sixth-largest economy and a key partner in the Indo-Pacific region.
  • President Trump previously increased tariffs on Indian steel and aluminum during his first term in office.
US, India trade deal enters final steps after 18 months of talks | Implica