Who really blinked? That must be a question on many minds after President Donald Trump and Prime Minister Narendra Modi greeted and tweeted to announce a trade deal. There are quite a few uncertainties looming over the deal. Right now, it is a moment for sentimental appreciation.

Two cheers, not three: Indo-US trade deal is a half-way house

US president Donald Trump doubled the tariffs on India to 50% as he accused Delhi of continuing to buy oil from Russia and thereby supporting Moscow in its war against Ukraine.

India-US trade tariff stalemate ends, what does this mean for New Delhi and its economy

The trade deal with the United States is a huge fillip for India, and the reduction in tariffs from 50% to 18% puts it in an advantageous position in comparison to competing economies. US tariffs on India now are 18%, while Indonesia faces 19%, Vietnam 20%, Bangladesh 20%, and China 34%.

PM Modi thanks Trump, as US tariffs on Indian exports come down from 50% to 18%

The letter brought India's countermeasures against Trump's punitive 50 per cent tariffs to light as it went unnoticed by the media. New Delhi announced additional tariffs on US crops after the US President's escalated levies took effect.

India-US trade deal: American senators write to Trump, urge him to press Modi on lowering tariffs on pulses

MEA on Friday (January 9) said PM Modi and Trump spoke eight times in 2025, rejecting US claims talks stalled as the Indian PM didn’t call

'Modi, Trump spoke 8 times last year': MEA counters US Commerce Secretary Howard Lutnick claims over India-US trade talks

US Commerce Secretary Howard Lutnick says an India-US trade deal collapsed because PM Narendra Modi never personally called President Donald Trump. The deal, once ready, fell apart as Washington moved on, he claimed. Watch what he said here.

India lost a major trade deal with US because of ‘no call from Modi’, says Trump aide Lutnick

US President Donald Trump said the US is close to finalizing a trade deal with India that will boost energy exports, investments, and security ties. At Ambassador Sergio Gor’s swearing-in, Trump said tariffs on Indian imports may be reduced soon, noting India has cut Russian oil purchases.

'Right now they don’t love me...': Trump says US-India getting close to 'fair deal' on trade, repeats Russian oil claims

India and US to send trade teams next week as Trump and Modi push for a swift deal. Both leaders express confidence in boosting trade ties and strengthening India-US economic partnership.

'Close friends, natural partners': Trump softens tone on India, says trade deal will be done ‘soon’ - Here's how PM Modi responded

Foreign Ministry Spokesperson Lin Jian, during a press conference, told reporters that India and China are maintaining interactions at various levels, in order to act on the important common understandings reached between leaders of our two countries.

'Dragon and elephant helping each other': China backs India amid Trump's massive tariffs

Trade talks between India and the US collapsed after President Trump imposed steep tariffs, citing India’s insufficient tariff cuts, straining relations despite earlier progress and high-level diplomatic efforts.

'25-year relationship went down in 25 hours': Why Trump walked away from an India trade deal at the last minute

US President Donald Trump on Tuesday (local time) stated that he had no knowledge that the United States imports Russian chemicals and fertilisers. His statement came when he was asked about his country's business with Russia as he continues his attack on India over Russian trade 

I don't...: Trump's SHOCKING response to India's claim about US-Russia uranium and fertilizer trade

MEA Spokesperson Randhir Jaiswal on Friday said that India and the US have strong defence ties, which have been strengthening over the last several years. This comes days after Trump announced 25 per cent tariffs, along with a penalty on India. 

Can Trump's tariffs upend India-US ties? MEA responds amid ongoing trade row—Here's what it said

The Trump deadline of August 1 for a trade deal with India is unlikely to be met. There are some crucial sectors of Indian economy on which Prime Minister Narendra Modi's government will not compromise. Here is why

Why Modi will not compromise on trade deal with Trump. These sectors are crucial for Indian economy (and politics)

United States President Donald Trump said that he doesn't care about India's business with Russia and explained the real reason behind his tariff. His statement comes after he said that he would impose "unspecified penalty" on India for buying Russian oil and weapons.

'Don’t care what...': Trump criticises India, Russia as 'dead economies', issues BIG statement after 25% tariff announcement

President Trump defended a 25% tariff on India, linking it to trade issues and India’s BRICS membership, which he called anti-US. He confirmed negotiations with New Delhi are still ongoing.

‘Partially BRICS, partially trade’: Trump reveals TWO reasons why he slapped 25% tariff on India, then calls Modi a ‘friend’

US President Donald Trump on Wednesday (July 30) announced to impose 25 per cent tariff on India, effective from August 1, saying that the US has a massive trade deficit with India. 

'Massive trade deficit with India': Trump imposes 25% tariff on India, plus penalties for arms trade with Russia

The US is pushing for greater access to the Indian market, particularly for American agricultural and dairy products. Trump drew a comparison to Indonesia, where he recently signed a deal allowing American firms full trade access. 

US-India trade deal in sight? Trump says deal could happen ‘soon’, hints it may resemble Indonesia agreement - All you need to know

What is the status of India-US trade deal? How will India be affected if no trade deal is reached and Trump tariffs are imposed? Here is what you should know

Deal or no deal? India races with trade talks amid Trump tariff threat, proposes retaliatory rates on US steel, aluminium

President Trump extends the tariff deadline, intensifying pressure on over 100 nations, including India and the EU to finalise trade deals or face renewed economic penalties.

Trump delays tariff hike to August 1, urges quick trade deals

As per the report, both countries have completed negotiations on the smaller deal, which is expected to carry an average tariff of around 10%. While the exact details have not been made public, officials believe it could serve as a foundation for a larger trade deal.

India-US to finalise 'mini trade deal' in next 24 hours: Can it help New Delhi avoid Trump’s ‘take it or leave it’ tariff letters?

A free-trade agreement is only possible when there is mutual benefit. India never enters into trade deals based on deadlines or time pressure. A deal is accepted only when it is fully matured, well-negotiated, and in the national interest, the commerce minister said.

‘India’s interest more important, not deadline’: Commerce Minister Piyush Goyal on US trade talks

While talking about the deal with China and the UK, the US president said that it is through and the administration will "send letters very quickly to most countries for the deal."

'Full trade barrier dropping': Trump says will reach a trade deal with India as Indian delegation reaches Washington

At a White House event, he hinted at a very big agreement on the horizon while emphasizing selective trade partnerships.

US–India trade deal: What’s inside Trump’s “very big” hint?

With US tariffs on Indian exports set to resume next month, both countries accelerate efforts to finalise a limited trade pact by late June.

India and US edge closer to trade deal as deadline for tariff pause nears

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Two cheers, not three: Indo-US trade deal is a half-way house

India-US trade tariff stalemate broken, what does this mean for New Delhi?

PM Modi thanks Trump, as US tariffs on Indian exports come down from 50% to 18%

India-US trade deal: US senators urge Trump to press Modi on pulse tariffs

'Modi, Trump spoke 8 times last year': MEA counters Howard Lutnick claims

India lost a major US trade deal because of ‘no call from Modi’, says Trump aide

Trump says US-India close to trade 'fair deal', repeats Russian oil claims

'Close friends': Trump softens tone on India, says trade deal will be done soon

'Dragon and elephant helping each other': China backs India amid Trump tariffs

Why Trump walked away from an India trade deal at the last minute?

Trump's response to India's claim about US-Russia uranium and fertilizer trade

Can Trump's tariffs upend India-US ties? MEA responds amid ongoing trade row

Why Modi will not compromise on trade deal with Trump. These sectors are crucial

'Don’t care what...': Trump criticises India, Russia as 'dead economies', issues BIG statement after 25% tariff announcement

‘Partially BRICS, partially trade’: Trump reveals why he slapped tariff on India

Trump imposes 25% tariff on India, plus penalties for arms trade with Russia

US-India trade deal in sight? Trump says deal could happen ‘soon’

India seeks counter-tariffs on US steel, aluminium amid crunch trade talks

Trump delays tariff hike to August 1, urges quick trade deals

India-US to finalise 'mini trade deal' in next 24 hours: Report

‘India’s interest more important, not deadline’: Piyush Goyal on US trade talks

'Full trade barrier dropping': Trump says will reach a trade deal with India

US–India trade deal: What’s inside Trump’s “very big” hint?

India and US edge closer to trade deal as deadline for tariff pause nears