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flag India and the U.S. are negotiating a trade deal to reach $500 billion in trade by 2030, despite recent tariffs over India’s oil purchases from Russia.

flag India and the U.S. are holding ongoing trade talks aimed at finalizing a Bilateral Trade Agreement to boost bilateral trade to $500 billion by 2030 from $191 billion. flag Commerce Minister Piyush Goyal leads a high-level delegation in the U.S., engaging in discussions with American officials, including Commerce Secretary Howard Lutnick and U.S. Chief Negotiator Brendan Lynch. flag Five negotiation rounds have occurred since February 2025, with the first phase targeted for completion by late 2025. flag The talks follow U.S. tariffs on Indian goods over Russian crude oil purchases. flag In 2024–25, bilateral trade reached $131.84 billion, with the U.S. remaining India’s top trading partner.

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