India-US trade deal likely soon, says Marco Rubio after talks with Jaishankar

S Jaishankar (right) and US Secretary of State Marco Rubio during a bilateral meeting in New Delhi. PIC/PTI

India and the US are poised to soon firm up the much-awaited trade agreement that will be both "beneficial" and "sustainable" and will advance the mutual interests of both nations, Secretary of State Marco Rubio said on Sunday after holding high-level talks with External Affairs Minister (EAM) S Jaishankar.

"India-US relations have not lost momentum. India-US relations will come out much stronger in the coming years," Rubio said. The India-US ties nosedived significantly when the Trump administration hit Indian exports with 50 per cent tariffs, including a 25 per cent levy over Russian energy purchases.

Rubio, currently on a four-day visit to India, made the remarks after holding wide-ranging talks with Jaishankar that focused on boosting two-way cooperation in areas of trade, critical minerals, energy, and defence.

Jaishankar underlined the importance of an early understanding on the trade deal. "On the economic front, we spoke about the value of concluding, at an early date, the final text of the interim agreement regarding reciprocal and mutually beneficial trade," he said.

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