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India, U.S. note ‘substantial progress’ on trade deal talks as U.S. Trade Representative Greer ends two-day visit to Delhi
U.S. Trade Representative Jamieson Greer concluded a two-day visit to New Delhi, with both sides reporting substantial progress in talks on a bilateral trade agreement. The visit aimed to finalize an interim deal and set the stage for a comprehensive BTA, though challenges remain over farm sector access and tariff rates.
Lead
U.S. Trade Representative Jamieson Greer concluded a two-day visit to New Delhi on Wednesday, having held multiple meetings with Commerce and Industry Minister Piyush Goyal. Both sides “noted substantial progress” by negotiating teams in recent months on the proposed India-U.S. trade deal, according to a statement from the Ministry of Commerce. The visit was described as a key step in ongoing efforts to advance a balanced, mutually beneficial bilateral trade agreement (BTA) and to finalise an interim deal.
Coverage Comparison
The visit was widely covered by Indian and international media, with reports highlighting the potential for a broad trade bargain after months of tariff wrangling. The South China Morning Post emphasised the visit’s role in bringing both sides closer to a deal, while noting the protected farm sector as a major sticking point. The Hindu’s coverage focused on the formal talks and the framework for the interim agreement, as well as the legal and political context, including the U.S. Supreme Court’s decision to strike down sweeping tariffs.
Key Claims
- Commerce Minister Piyush Goyal and U.S. Trade Representative Jamieson Greer began bilateral talks in New Delhi on issues related to the first phase of the bilateral trade agreement, as reported by The Hindu.
- The talks were part of ongoing negotiations for the BTA, which was formally launched on February 13, 2025, and for which a framework for an interim agreement was announced on February 7, 2026, according to The Hindu.
- The U.S. Supreme Court struck down the sweeping tariffs imposed by the Trump administration, as reported by The Hindu and South China Morning Post. Following that, the Trump administration announced 10% tariffs under Section 122 of the Trade Act on all countries for 150 days on February 24, according to The Hindu. These tariffs are set to expire on July 24.
- America earlier this year agreed to reduce tariffs on India to 18% from 50%, as reported by South China Morning Post.
- The protected farm sector remains a major sticking point in the negotiations, according to South China Morning Post, which noted that the sector employs nearly half of India’s working population.
- The Ministry of Commerce statement said that Greer and Goyal conducted a “comprehensive review” of core BTA elements, including enhanced market access, digital trade, supply chain resilience, reduction of non-tariff barriers, and expanded cooperation in strategic sectors, as reported by The Hindu.
- The statement did not mention any deadlines for either deal, as reported by The Hindu. The BTA had been announced in February 2025 and was scheduled to be completed by the fall of that year. The framework for the interim agreement was signed in February this year, and the deal itself was to have been completed by April-May 2026.
- Congressional pressures were noted: The Hindu reported that Congress urges the Centre not to rush to sign a trade pact with the U.S.
Perspectives
Indian Government
Commerce Minister Piyush Goyal welcomed Greer and expressed optimism about productive discussions, saying both sides were moving towards closing all open ends of the interim trade agreement and likely to execute a “very, very vibrant” first phase of the BTA.
U.S. Trade Representative
USTR’s statement and Greer’s engagements reflected a commitment to a balanced, commercially meaningful agreement that delivers tangible benefits for businesses, as reported by The Hindu.
Analysts
Analysts such as Vivek Mishra, deputy director of strategic studies at the Observer Research Foundation, suggested that the visit could put the final touch on the trade deal, with finalising tariff rates appearing to be the goal of the talks, as reported by South China Morning Post.
Opposition
Congress has urged the Centre not to rush into signing a trade pact with the U.S., as reported by The Hindu.