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[BUSINESS] · India, United States · 18 sources

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India-US trade negotiations reach plateau, says Finance Minister

India-US trade negotiations Nirmala Sitharaman bilateral trade agreement trade deficit Munich Leaders Meeting

Indian Finance Minister Nirmala Sitharaman announced at the Munich Leaders Meeting in New Delhi that trade negotiations between India and the United States have reached a “plateau.” She noted that while discussions are ongoing, both nations have reached a stage where making further concessions is “very, very difficult.”

Sitharaman highlighted that the current bilateral trade balance favors India, and that the United States is actively seeking to reduce its trade deficit with the country. The negotiations are proceeding under a framework for an interim trade agreement that was established in February 2026, as both nations work toward a broader bilateral trade agreement.

US Trade Representative Jamieson Greer previously indicated that a final agreement is not imminent, following discussions with Indian Commerce Minister Piyush Goyal. Key sticking points in the negotiations include market access for US agricultural and dairy products, tariffs, and digital trade. Despite the current impasse, officials from both sides suggested that they would continue to explore any remaining room for compromise.

Entities

Donald Trump · India · Jamieson Greer · Munich Leaders Meeting · Narendra Modi · Nirmala Sitharaman · Piyush Goyal · United States

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

India, US Have Reached a Plateau in Trade Talks, Indian Finance Minister Says, News, Tabla [www.tabla.com.sg]
இந்தியா - அமெரிக்க வர்த்தகப் பேச்சுவார்த்தைகள் தேக்க நிலையில் - நிர்மலா சீதாராமன்! [athavannews.com]
भारत और नॉर्वे ने ग्रीन स्ट्रेटेजिक पार्टनरशिप को मजबूत करने के तरीकों पर चर्चा की [samacharnama.com]
Sitharaman diz que acordo comercial com EUA travou [www.spacemoney.com.br]
भारत-अमेरिका ट्रेड डील पर बढ़ा और गतिरोध, निर्मला सीतारमण बोलीं: अब रियायत देना बेहद मुश्किल [hindi.business-standard.com]
India, US Trade Talks Hit 'Plateau', Further Compromise 'Very Difficult': Finance Minister [sputniknews.in]
India-US trade talks hit ‘plateau’ as further concessions are difficult – finance minister [www.rt.com]
Piyush Goyal Ramps Up US Investor Outreach, Courts Global Firms For Bigger India Bets [www.indiandefensenews.in]
EXPLAINER-Why have India-US trade talks stalled again and what's next? | International [www.devdiscourse.com]
Beyond tariffs, India courts American capital - Asian News from UK [asianlite.com]
'सारी द‍िक्‍कतें अमेर‍िका की वजह से, ये नहीं कह सकते', जयशंकर ने क्‍यों कहा? [hindi.news18.com]
India-US trade deal hits a wall: Why FM Sitharaman says ‘very, very difficult’ to give more [english.mathrubhumi.com]
India-US trade deal has hit a ‘plateau’, says Finance Minister Nirmala Sitharaman [www.news9live.com]
India-US Trade Talks May Have Reached Plateau, Trade Balance Favours India: Sitharaman [yespunjab.com]
US trade talks may have reached plateau, trade balance favoured India: FM Sitharaman [www.mangalorean.com]
अमेरिका के साथ व्यापार वार्ता में गतिरोध, व्यापार संतुलन फिलहाल भारत के पक्ष में वित्त मंत्री सीतारमण | US trade talks may have reached plateau, trade balance favoured India: FM Sitharaman [www.bhaskarhindi.com]
India-US trade deal talks remain difficult, may have hit plateau: FM Sitharaman [www.orissapost.com]
India, US trade talks reach plateau, finance minister says [dailytimes.com.pk]