US assures India of below-peer tariffs in trade deal talks

What Washington told New Delhi

An official familiar with the negotiations said the US has told India it would receive lower tariffs than peers under the pact taking shape. The official, who briefed reporters without being named, noted the discussions are not public.

How the deal is structured

The rollout is staged. Goods are up first, with services to follow in the next tranche. That opening package has been under development for almost two years. The two sides agreed on a framework earlier this year, but it has not yet been turned into a formal agreement.

US trade investigations have added friction.

Savvy investing often comes down to spotting new tools that improve decision making. We're hosting our first ever investor livestream on 11/17 to show you how to use ChatGPT and Claude to invest like a pro, hosted by Briefs Finance CEO Jaspreet Singh. Save your seat.

Signals from both capitals

Officials in New Delhi and Washington have recently said the agreement is very close with most issues settled. According to Commerce Secretary Rajesh Agrawal, a US delegation traveled to India in early November for discussions.

Last month, US Ambassador to India Sergio Gor said most major issues had been resolved. On Thursday, Commerce Minister Piyush Goyal said India had negotiated a "very good deal" and would have "one of the best deals with the US." The bottom line: if the goods chapter lands and services follow, your portfolio could see the impact once tariff terms move from promise to paper.

Learning how to use fresh insights can quietly tilt outcomes in your favor. On 11/17, our CEO Jaspreet Singh goes live for our first ever investor livestream on how to use ChatGPT and Claude to invest like a pro. Register to join him.