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Since there is no deal, government is doing this..
 

Trump Says Close to India Trade Deal to Bring Tariffs Down​


US President Donald Trump

US President Donald Trump
Photographer: Craig Hudson/Politico/Bloomberg
By Josh Wingrove
November 11, 2025 at 12:07 AM GMT+3
Updated on November 11, 2025 at 5:06 PM GMT+3


Takeaways by Bloomberg AI​

  • President Donald Trump said he would reduce the tariff rate on Indian goods "at some point" and that the US was getting "pretty close" to a trade deal with New Delhi.
  • Trump predicted the nations were "pretty close to doing a deal that's good for everybody" and said India had stopped buying Russian oil "very substantially".
  • Trade teams from both India and the US have met multiple times and officials in New Delhi have expressed cautious optimism that a deal with the US is in sight.

President Donald Trump said he “at some point” would reduce the tariff rate on Indian goods, saying the US was getting “pretty close” to a trade deal with New Delhi.

“Right now they don’t love me, but they’ll love us again,” Trump said. “We’re getting a fair deal.”

Trump later predicted the nations were “pretty close to doing a deal that’s good for everybody.”

The comments were the latest signal of a possible thaw in the trade dispute that has soured the relationship between Washington and New Delhi. India’s Ministry of Commerce and Industry did not immediately respond to a request for comment on Tuesday.

Trump earlier this year slapped additional tariffs on India’s exports to the US in part to pressure New Delhi to stop buying Russian oil, raising the rates on many Indian goods to 50%. That added tensions to an already contentious negotiation over what the US has cast as India’s high levies and other barriers on American goods.

But in recent weeks, Trump has said that Modi has pledged to wind down purchases of crude from Russia and expressed optimism about trade talks. “They’ve stopped doing the Russian oil - it’s been reduced very substantially,” the president said on Monday. “Yeah, we’re going to be bringing the tariffs down, I mean at some point.”


Following Trump’s sanctions on two of Russia’s largest crude producers last month, Indian refiners — who had been snapping up discounted Russian oil for the past three years — have begun scaling back purchases from Moscow.

Trade teams from both India and the US have met multiple times since the easing of tensions and officials in New Delhi have expressed cautious optimism that a deal with the US is in sight.

The talks are progressing well and India is waiting for a response from the US, a government official, who didn’t want to be named as the discussions are private, said Tuesday evening in New Delhi.

Trump was speaking at the swearing-in for Sergio Gor, the former head of his personnel office who is now becoming the US ambassador to India. Trump said Gor had already developed a “friendly” relationship with Indian Prime Minister Narendra Modi.

.@VP officially swears-in @SergioGor as the U.S. Ambassador to India 🇺🇸🇮🇳 pic.twitter.com/0Rwqw1BxPm

— Rapid Response 47 (@RapidResponse47) November 10, 2025​
Click to expand...
“As ambassador, Sergio will work to fortify our country’s bonds, promote investments in key US industries and technologies, increase American energy exports and expand our security cooperation,” Trump said.
 
There seems to be interesting development on US tariffs on India.

25% additional tariffs for Russian Oil was yet to start make any significant on Indian economy. Trump and his troops especially Navarro tried all dirty tricks to make Delhi fall in line and sign a trade deal. Delhi didn’t budge and stood firm.

Then came the news that Delhi has accepted to reduce the oil purchase from December onwards. No confirmation yet but a solid likelihood of that.

There has been another interesting development and that is strongest possibility of end of Russia-Ukraine war. On the table is loosening of sanctions on Russia. Of that happens then Indian commitment to stop purchase of Russian oil.

Trump has also spoken about trade deal with India. My intuition as that India would get lower tariffs than the current 25%, announced earlier.

Indo-US trade deal with 15-16% tariff and no punitive tariffs due Russian Oil would once again prove that Geo Politics can be a strange thing.

Time can be of great essence in Geo-Politics. This sequence of events proves it once again.
 
I think India will allows US maize and Soya import.. as prices of maize is already at an all time low in India, there might not be any price parity to support imports for atleast this season
 
Nov 28th. No Trade deal. Half the Indian posters on here assured us there would be by now....
 
Not getting a deal with America is best thing ever. From GST cuts to labor reforms to bills coming in winter session..f..k, even end to license raj is on the table!

Best thing ever! This government needed a kick! Thank you orangutan from America!
 
Yasser76 said:
Nov 28th. No Trade deal. Half the Indian posters on here assured us there would be by now....
Click to expand...
Actually it was Trump that said "the US was getting “pretty close” to a trade deal with New Delhi.' To the best of my knowledge he is not an Indian.
 
kambhakt said:
Actually it was Trump that said "the US was getting “pretty close” to a trade deal with New Delhi.' To the best of my knowledge he is not an Indian.
Click to expand...

Both sides are claiming most things have been ironed out, they are talking abt an interim deal before end of this year
 
@Yasser76

Yasser Pai,

Nov 28th. No Trade deal. Half the Indian posters on here assured us there would be by now....

Never mind. Even without the trade deal we haven't done badly

economictimes.indiatimes.com

India Q2 GDP growth quickens on year to 8.2%, a six-quarter high even before full impact of GST cut kicks in

Indias GDP grew 8.2% in Q2 FY26, sharply higher than 5.6% a year ago and beating market expectations, driven by stronger rural demand, higher government spending, and early export shipments, even as private capex and urban demand remained sluggish.
economictimes.indiatimes.com economictimes.indiatimes.com

I won't embarrass you by asking you what has been your growth rate with a 19% tariff v/s 50% India's.

Regards
 
Tariff shock : Indian exports to the USA crash 28.5%


India’s exports to the United States saw a sharp 28.5% fall between May and October 2025 as aggressive tariff hikes by Washington hit key sectors.

According to the Global Trade Research Initiative (GTRI), shipments dropped from $8.83 billion to $6.31 billion during the period, coinciding with US duties rising from 10% in April to 25% in early August and then to 50% by late August

https://timesofindia.indiatimes.com...pp&utm_medium=share&utm_campaign=social_share
 
2 million jobs in India at risk:

India: Over 2 million jobs at risk due to 50% US tariff impact on apparel & textile industry - Business and Human Rights Centre

Check out this page via the Business and Human Rights Centre
www.business-humanrights.org www.business-humanrights.org

Indian Textile Companies retrenching workers

India: Textile companies retrenching workers & competing in 'price race to the bottom' as industry finds itself in 'survival mode' amid 50% US tariff - Business & Human Rights Resource Centre

Check out this page via the Business and Human Rights Resource Centre
www.business-humanrights.org www.business-humanrights.org


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