India, US Likely To Finalise Mini Trade Deal Within 48 Hours: Report

Last Updated:July 06, 2025, 21:39 IST

As per the report, the two sides have completed the discussions on the mini-deal, which could pave the way for broader trade discussions.

Prime Minister Narendra Modi with US President Donald Trump. (Image: PTI/File)

In a significant move, India and the United States are likely to make a final decision on a mini-trade deal within the next 24 to 48 hours, CNBC-TV18 reported on Sunday citing sources.

As per the report, the two sides have completed the discussions on the mini-deal, which could pave the way for broader trade discussions.

The average tariff under the mini deal is likely to be around 10%, while the talks on comprehensive Bilateral Trade Agreement (BTA) are expected to begin after July 9, the report added.

The update came after US President Donald Trump readied tariff letters for 12 unnamed countries and Union Minister Piyush Goyal insisted that India ‘does not negotiate under deadlines’.

This is a developing story

Shobhit Gupta

Shobhit Gupta is a sub-editor at News18.com and covers India and International news. He is interested in day to day political affairs in India and geopolitics. He earned his BA Journalism (Hons) degree from Ben...Read More

Shobhit Gupta is a sub-editor at News18.com and covers India and International news. He is interested in day to day political affairs in India and geopolitics. He earned his BA Journalism (Hons) degree from Ben...

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