Bilateral Trade Agreement Between the U.S. and India
30-Jul-2025 08:11 AM
Bilateral Trade Agreement Between the U.S. and India
★ U.S. officials may visit India on August 25 for the next round of talks on a potential Bilateral Trade Agreement (BTA).
★ The fifth round of discussions concluded on July 18; this will be the sixth round.
★ This round comes at a time when the U.S. is expected to implement country-specific reciprocal tariffs starting Friday.
★ It is still unclear whether the U.S. will impose tariffs on Indian goods.
★ On April 2, U.S. President Donald Trump announced a 26% tariff on Indian products, but recent communications indicate different tariff rates for some countries.
★ If the U.S. imposes reciprocal tariffs on India, it could significantly impact India’s exports.
★ The U.S. is India’s largest export destination, accounting for nearly 20% of total exports.
★ In FY 2024–25, India exported goods worth $86.51 billion to the U.S. and recorded a trade surplus of $40.82 billion.