Vice President JD Vance and Indian Prime Minister Narendra Modi on Monday announced the finalization of a roadmap for negotiations on a U.S.-India Bilateral Trade Agreement, marking what they called “significant progress” toward a deal that could avert looming reciprocal tariffs and advance shared economic priorities.
The BTA, according to the release, is expected to focus on “job creation and citizen well-being,” while promoting bilateral trade and integrated supply chains “in a balanced and mutually beneficial manner.” The agreement would align with India’s “Amrit Kaal” vision and Trump’s “Golden Age for America” agenda and aims to boost opportunities for workers, farmers, and entrepreneurs in both countries.
If negotiations fail, Indian goods could be subject to a 26% tariff starting in early July.
Trump administration officials have highlighted India as one of the countries most likely to finalize a deal soon, along with Japan, South Korea, and Vietnam. A Japanese delegation visiting Washington last week departed without finalizing a deal, but confirmed a second round of negotiations will take place later this month to avoid a potential 24% tariff.
Speaking at the White House Easter Egg Roll, Trump expressed optimism. “I think they’re going very well,” he said. “We’re going to make a lot of money. We’re already [levying] 25% on cars and aluminum and steel. Taking in a lot of money, more money than this country’s seen. And that’s just the beginning.”
