Following his meeting with US Secretary of State Marco Rubio, External Affairs Minister S Jaishankar said the India-US trade deal is in the final stages of detailing that will be completed very soon. He added that a strong momentum is evident in the India-US ties.
Following his meeting with US Secretary of State Marco Rubio, External Affairs Minister S Jaishankar on Thursday said the India-US trade deal is in the final stages of detailing that will be completed very soon. He added that a strong momentum is evident in the India-US ties.
Jaishankar met Rubio and Treasury Secretary Scott Bessent in his visit to the United States. He also attended the Critical Minerals Ministerial, a gathering of allies and partners hosted by Rubio to chart a way to ensure safe access to critical minerals and rare earths in the wake of China’s weaponisation of supplies.
In a post on X, Jaishankar said the India-US trade deal “opens up a new phase in our bilateral ties, with vast possibilities for the relationship”.
“Our critical mineral cooperation is also advancing rapidly. Expect engagement on strategic issues, defence and energy in the coming days. Overall, a strong momentum is evident,” Jaishankar further said.
Concluded a productive and positive visit to the US. Thank Secretary Rubio for his warm hospitality.
The historic India-US trade deal is in the final stages of detailing that will be completed very soon. It opens up a new phase in our bilateral ties, with vast possibilities for… pic.twitter.com/r3O20XJL90
— Dr. S. Jaishankar (@DrSJaishankar) February 5, 2026
US President Donald Trump held a phone call with Prime Minister Narendra Modi on Monday and announced they had agreed to a trade deal.
Under the terms of the trade deal, Jaishankar said he would reduce tariffs on India from 50 per cent —the highest in the world— to 18 per cent in exchange for India reducing tariffs on all American goods to 0 per cent.
India would stop buying Russian oil and instead buy oil from the United States and Venezuela and buy goods worth $500 billion, including agriculture and energy, from the United States, according to Trump.
On India’s part, Union commerce minister Piyush Goyal has said that the trade deal would safeguard sensitive sectors like dairy and agriculture.
As for the timeline, Goyal said that a joint statement should be out in the next four-five days and the deal should be signed by mid-March.
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