The proposed India–US trade deal is in its final stretch, with both sides now focused on ironing out the legal and technical language before signing the agreement. US Ambassador to India Sergio Gor, speaking at the Economic Times World Leaders Forum, said the deal is “almost done in principle”, noting that negotiators have already settled “almost everything” of substance.
Gor explained that the remaining delays are procedural rather than political, involving detailed reviews of specific clauses, harmonisation of terminology, and ensuring compliance with each country’s regulatory frameworks. He emphasised that both governments are committed to completing the agreement and that the final text is being reworked line‑by‑line to avoid ambiguities once implemented.
The envoy also addressed concerns about a separate bipartisan US congressional proposal seeking a 100% tariff on countries buying Russian oil. Gor clarified that the bill is not a White House initiative, stressing that President Trump has not advocated for the measure. He said the legislation is being pushed by Congress “in a very bipartisan way,” and acknowledged that such a tariff could affect India. Gor added that Trump’s broader focus has been on ending the Russia–Ukraine war, not imposing new penalties on partners.
The near‑completion of the trade deal marks a significant milestone in India–US economic ties, which have expanded across technology, defence, energy and supply‑chain cooperation. Once finalised, the agreement is expected to streamline market access, reduce friction in goods and services trade, and strengthen strategic alignment between New Delhi and Washington.