Key Points
US Ambassador Gor said trade deal is 99% complete, signing expected in weeks or months.
Deal will expand market access, reduce trade barriers, and strengthen supply chains.
US tariffs on Indian products cut from 50% to 18%, benefiting exporters.
India separately raised concerns about US visa restrictions affecting tech workers.
US Ambassador to India Sergio Gor said on May 28 that the proposed US-India trade agreement will be signed in the coming weeks or months as negotiations enter their final phase. Only 1% of trade talks remain, according to Gor. The deal aims to expand market access, reduce trade barriers, and strengthen supply chains between the two countries.
Final Stretch on Trade Talks
US Ambassador Gor expressed optimism about the pace of negotiations, saying the agreement is nearly complete. Gor highlighted rapid growth in economic ties between the two nations. He called the potential of the US-India partnership limitless and said the deal would create opportunities for businesses and workers on both sides.
What the Deal Includes
The agreement will expand market access and reduce trade barriers between the countries. The deal aims to strengthen supply chains and create new investment opportunities for businesses in both nations. Rajasthan Chief Minister Bhajan Lal Sharma said the US reduced tariffs on Indian products from 50% to 18%, providing major relief to Indian exporters.
State Leaders Praise the Agreement
Maharashtra Chief Minister Devendra Fadnavis called the trade deal historic and a victory for both Prime Minister Narendra Modi and US President Donald Trump. He said India will receive priority tariff rates from the USA among major global exporters. Fadnavis added that the deal will open new opportunities for Indian businesses in data centres, artificial intelligence, and modern technologies.
Visa Concerns Remain Unresolved
While trade talks advance, India has raised concerns about US visa restrictions. On May 24, India’s External Affairs Minister Subrahmanyam Jaishankar told US Secretary of State Marco Rubio that visa curbs harm legitimate travellers and tech cooperation. The Trump administration has increased restrictions on H-1B visas used largely by Indian tech workers, causing applications to fall sharply.
Final Thoughts
The US-India trade deal is 99% complete and expected to sign within weeks or months. Tariff cuts and expanded market access will benefit both nations’ businesses. Visa restrictions remain a separate friction point in the relationship.
FAQs
US Ambassador Gor expects the deal to be signed in coming weeks or months as negotiations near completion.
Negotiations are 99% complete, with only 1% of trade talks remaining according to US Ambassador Sergio Gor.
The US reduced tariffs on Indian products from 50% to 18%, providing significant relief to Indian exporters across sectors.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
About Author
Huzaifa Zahoor
Co FounderHuzaifa Zahoor is the engineer who built Meyka. He has spent years writing Python, training AI models, and building data pipelines specifically for financial markets. His technical articles have reached over 30,000 readers on Medium, so he knows how to make complex things easy to follow. If this article touches on how the tools work, he is the person who actually built them.
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