India and the US are in talks to finalize a “mini deal” by July 8 to avoid retaliatory tariffs. The broader Bilateral Trade Agreement (BTA) will follow a three-step path.
India seeks concessions for textiles, gems, leather, shrimp, and bananas. The US wants access for EVs, dairy, wine, and agricultural goods like apples and nuts. Tariffs, rules of origin, and non-tariff barriers are key topics.
The BTA negotiations, covering 19 chapters, aim to resolve long-standing issues and boost bilateral trade, which totaled $131.84 billion in FY25, with India holding a $41 billion surplus.