Piyush Goyal holds talks with counterpart Jamieson Greer to resolve final hurdles in India-US trade deal

An interim BTA is expected soon, with most of its elements nearly settled under the framework the two sides reached on February 7. However, since the US Supreme Court on February 20 invalidated the legal basis for the proposed 18% reciprocal tariff envisaged under that framework, the deal now requires rebalancing along with a fresh, legally valid tariff structure, the people said, requesting anonymity. A commerce ministry spokesperson did not respond to HT’s queries on the matter.

Responding to a Tuesday morning post by Goyal on X welcoming the American delegation for “productive” discussions, US ambassador Sergio Gor posted a photograph of himself with Goyal and Greer, writing: “Ongoing discussions on finalizing the trade deal between the US and India.” In a separate post, Gor said: “We are moving decisively toward finalising a strong bilateral trade agreement that will unlock new economic opportunities for both countries and significantly deepen the U.S.-India economic partnership.”

According to Greer’s office, the focus of his meetings with Goyal and other senior Indian officials would be the US-India joint statement and the interim agreement, as part of the broader BTA negotiations.