The United States is preparing to establish a new trade agreement with India, signalling a potential shift in bilateral economic relations. The announcement comes as trade discussions between the two countries continue, following the US decision to impose steep tariffs on Indian goods earlier this year.
President Donald Trump indicated that the upcoming deal is part of Washington&rsquo;s broader strategy to strengthen economic cooperation in the Asia-Pacific region. His statement was made during a speech in South Korea ahead of the Asia-Pacific Economic Cooperation (APEC) summit.
In August, the Trump administration had levied import duties of up to 50% on several Indian products as additional penalties linked to India&rsquo;s ongoing oil trade with Russia. Despite these challenges, both nations have maintained open dialogue on trade and strategic cooperation.
India has consistently emphasised that its energy imports are driven by market dynamics and national security priorities, not geopolitical alliances. The country continues to assert its right to secure affordable energy for its citizens while balancing global diplomatic relations.
The proposed trade deal is expected to ease tariff tensions and create new opportunities for economic growth between the two nations.
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Washington moves towards a new trade with India amid tariff tensions and oil trade issues

US Plans Fresh Trade Deal With India Soon

Washington moves towards a new trade with India amid tariff tensions and oil trade issues

October 29, 2025 | 18:08 IST