Marco Rubio says ‘we’re about as close as you can be’ to an India trade deal after talks in Mumbai
Source: Fortune ·
The U.S. imposed tariffs of up to 50% on most Indian goods in August 2025 after trade talks broke down
From the source
U.S. Secretary of State Marco Rubio held talks with India’s foreign minister in Mumbai on Tuesday as the two countries seek to deepen energy cooperation and move closer to finalizing a trade deal. India and the United States seek to revive trade negotiations stalled for months by tensions over American tariffs and the Indian government’s purchases of Russian oil. “We’re very, very close. I would say we’re about as close as you can be without having executed the agreement,” Rubio told reporters in Mumbai on Tuesday. “I think there’s a small number of items left to wrap up, so I think that will happen shortly.” Indian Foreign Minister Subrahmanyam Jaishankar said that they discussed ways to strengthen bilateral ties in trade, energy, technology and defense, along with talks on regional developments. Jaishankar and Rubio also held a trilateral meeting with United Arab Emirates Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan, who also was visiting India. Rubio said that the three…