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First tranche of India-US trade deal should be finalised by November: Commerce Minister Piyush Goyal

Earlier on Wednesday, hinting at a possible easing of trade tensions, US President Donald Trump had said India and America are “continuing negotiations to address the trade barriers".

By: Express Web Desk
New Delhi | Updated: September 11, 2025 01:35 PM IST

2 min read

India set to sign interim US trade deal by July 8, before 90-day pause ends

Commerce Minister Piyush Goyal. (Source: File)

Union Minister of Commerce and Industry Piyush Goyal Thursday said the discussions on India-US trade deal are underway in a very good environment and the first tranche of the same is expected to be finalised by November this year.

“In February 2025, Prime Minister Narendra Modi and President Trump together instructed us that the ministers of both sides should make a good agreement by November 2025. The first part of that agreement, the first tranche, should be finalised by November 2025, and since March, discussions have been going on on this subject very seriously in a very good environment, progress is being made, and with the progress, both sides are satisfied,” Goyal said while speaking in Patna.

Earlier on Wednesday, hinting at a possible easing of trade tensions, US President Donald Trump had said India and America are “continuing negotiations to address the trade barriers”, and that he was “certain” there would be “no difficulty” in the talks being successful. Hours later, Prime Minister Narendra Modi responded, stating that both countries are “natural partners” and will “work together to secure a brighter, more prosperous future”.

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