International Relations GS 2 In the news 4 times

India-US Bilateral Trade Relations

India and the US are among each other's largest trading partners. Total bilateral goods trade stood at approximately $190 billion in 2024. Historically, India enjoyed Generalized System of Preferences (GSP) benefits, which were suspended by the US in 2019 over market access disputes. The trade relationship has seen recurring friction over IP rights, digital trade, agricultural market access, and India's current account surplus with the US.

Key details

India-US total trade (goods): ~$190 billion (2024)
GSP status: Suspended by US in 2019, not restored
India's chief negotiator: Darpan Jain (Additional Secretary, Commerce Ministry)
Framework announced: February 7, 2026 (joint statement)
Key trade flashpoints: tariffs on steel/aluminum, pharmaceutical market access, digital services tax

In the news

● Tracked since February 22, 2026 · last seen June 21, 2026 · updates as the daily brief publishes

21 Jun '26

India, US to hold ministerial-level talks on bilateral trade pact this week

International Relations

15 Apr '26

Indian negotiating team headed to US next week for another round of trade agreement talks

International Relations

16 Mar '26

India, US trade deal to be signed once tariff architecture is in place: Official

International Relations

22 Feb '26