U.S. Commerce Secretary Howard Lutnick said on Monday that trade talks between the United States and India are moving forward. He added that both sides aim to finish negotiations before a self-imposed deadline of July 9. Lutnick spoke at the annual summit of the U.S.-India Strategic Partnership Forum in Washington.
He stated, “In the near future, the United States and India should reach an agreement because I think we have found a formula that is really beneficial to both countries.” Later, he posted a short video on X, saying, “Our two countries have a good relationship. I am optimistic that a trade deal will be reached soon that will benefit both countries.”
U.S. Pushes for Concessions on Tariffs and Market Access
Reuters reported that the Trump administration asked trading partners to submit their best offers by Wednesday. Officials are working to finalize several agreements before the July 9 deadline. India’s trade ministry declined to comment on this timeline.
U.S. negotiators want to reduce tariffs on agricultural products. They also seek greater market access for U.S. firms and more Indian purchases of American defense equipment. The goal is to reduce the U.S. trade deficit with India. In return, the United States has agreed to expand access for Indian exporters.
India’s Protectionist Measures and Negotiator’s View
India’s chief U.S. negotiator, Rajesh Agrawal, said last week that talks are progressing well. He expects “good results” soon. A U.S. trade delegation is set to visit New Delhi on June 5–6 for further discussions. Earlier, an Indian team visited Washington in April, and Trade Minister Piyush Goyal traveled to Washington last month to advance the talks.
Lutnick pointed out that India remains highly protectionist. He noted that some Indian tariffs reach 100%. He said, “We want reasonable market access for our companies.”
Leadership Support and Next Steps
Lutnick said the strong relationship between President Donald Trump and Prime Minister Narendra Modi has helped ease negotiations. With both sides motivated to reach a deal, the upcoming meetings in New Delhi could be decisive. Both governments appear determined to address key issues before the July deadline.
