U.S.-India Trade Talks Progress Toward Interim Deal
Trade negotiations between the U.S. and India show steady progress, with both sides advancing toward an interim agreement following four days of discussions. Key focus areas include tariff reductions, industrial and agricultural trade, and non-tariff measures. A preliminary deal is expected by month-end, paving the way for a broader bilateral agreement later this year.
India''s trade deficit with the U.S. stood at $45.8 billion in 2024, reflecting robust goods imports totaling $87.33 billion against exports of $41.53 billion. Market participants note the iShares MSCI India ETF (INDA) has outperformed the S&P 500 year-to-date, returning 4.94% versus 2.69%.