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  1. India–US trade talks to resume next week in Washington after Trump softens tone: Report

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India–US trade talks to resume next week in Washington after Trump softens tone: Report

Upstox

2 min read | Updated on September 11, 2025, 10:13 IST

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SUMMARY

The move comes as Prime Minister Narendra Modi and President Donald Trump exchanged warm messages, signalling a thaw in bilateral ties.

Modi-trump-2.webp

Prime Minister Narendra Modi and US President Donald Trump has set a goal to double bilateral trade to $500 billion by 2030, with an interim trade agreement targeted for completion by fall 2025.

Trade negotiations between the two countries are set to resume in Washington next week, after being stalled following the US’ decision to impose additional tariffs on Indian imports over New Delhi’s continued purchases of Russian oil, The Economic Times reported on Thursday.

Prime Minister Narendra Modi and US President Donald Trump have exchanged warm messages over the past few days, signalling an easing of recent tensions in bilateral ties.

Modi, responding to Trump’s conciliatory post on Wednesday, said India and the US are “close friends and natural partners” and expressed confidence that trade discussions would “unlock the limitless potential” of the partnership. “I am also looking forward to speaking with President Trump. We will work together to secure a brighter, more prosperous future for both our people,” he wrote on X.

Earlier, Trump posted on Truth Social that he was “pleased to announce” the resumption of negotiations, adding: “I look forward to speaking with my very good friend, Prime Minister Modi, in the upcoming weeks.”

Chief trade negotiator Rajesh Agarwal is scheduled to travel to Washington next week to lead discussions with US counterparts, according to the report.

Trump's markedly softer tone comes amid reports that he has pressed European Union officials to consider imposing tariffs of up to 100% on imports from China and extend similar measures to India, in a bid to raise the economic costs for Moscow.

According to the Financial Times, Washington is prepared to “mirror” any EU tariffs on China and India.

Trump imposed a 25% reciprocal tariff on Indian imports and later doubled duties to 50% over its Russian crude purchase, saying talks would not move forward until issues were resolved.

Several administration officials, including White House adviser Peter Navarro, attacked India over its continued oil imports, claiming it was aiding Moscow’s war effort in Ukraine.

Navarro went further in an interview with Bloomberg TV, calling Russia’s invasion of Ukraine “Modi’s war”.

New Delhi has defended the imports, citing domestic energy needs and the need to stabilise global prices.

Finance Minister Nirmala Sitharaman said last week India would continue buying Russian crude, while also diversifying reserves into gold and reducing exposure to US Treasuries.

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Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.