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Earlier, the visit of US delegation to New Delhi was postponed on August 25 to negotiate the trade deal.
Union Commerce Minister Piyush Goyal has hoped to have a trade deal with the US amid Trump’s 50% tariff on India and increasing tension in the two countries.
On Tuesday, Piyush Goyal said at a global investor conference, I hope that things will return to track soon and we will finalize the Bilateral Trade Agreement (BTA) by November.
The same discussion took place between the leaders of the two countries in February. He also said in another event that India is interacting with the US for this trade agreement.
However, so far, none of the two countries have announced a new round of talks on trade deal. Earlier, the visit of US delegation to New Delhi was postponed on August 25 for negotiations.
During the meeting at Washington DC in February, Trump and Modi targeted to double the bilateral trade by 2030.
Dispute between India and US over dairy products
The US wants its dairy products such as milk, cheese, ghee to be imported into India. India is the largest milk producing country in the world and crores of small farmers are engaged in this sector.
The Indian government is afraid that if American dairy products come to India, they can cause huge damage to local farmers. Apart from this, religious sentiments are also attached.
In the US, cows are added to animal bones (eg ranet) to their food for better nutrition. India considers the milk of such cows as ‘non -veg milk’ ie non -vegetarian milk.
India’s condition is that any dairy product can only be sold in India when it is proved that it is made from a vegetarian source.
India said- will compromise on interests
On Independence Day, Prime Minister Narendra Modi had reiterated the resolve to promote ‘indigenous’ products and protect the interests of farmers, fishermen and cattle ranchers. He said, “India will not compromise on the interests of its farmers and cattle ranchers.”
Target to $ 500 billion by 2030 by 2030
India and the US aims to increase bilateral trade from the current $ 191 billion to $ 500 billion by 2030.
According to Commerce Ministry data, India’s exports to the US increased by 21.64% to $ 33.53 billion in April-July 2025, while imports increased by 12.33% to $ 17.41 billion.
The US was India’s largest trading partner during this period, with a trade of $ 12.56 billion. India’s exports to the US have been continuously increasing since April.
Total 50% tariff on India
US President Trump announced to impose 25% extra tariff on India on 6 August. This order was implemented from August 27.
The executive order states that this action has been taken on India due to Russian oil purchases. Earlier, he announced 25% tariff on India on 30 July. Now India is feeling a total of 50% tariff.
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