Jaiswal additionally termed the that characterisation by the US Commerce Secretary Howard Lutnick concerning the India-US commerce deal as “not correct.”
Jaiswal stated, “We now have seen the remarks. India and america have been dedicated to negotiating a bilateral commerce settlement with the US way back to thirteenth of February final yr. That’s, since then, the 2 sides have held a number of rounds of negotiations to succeed in a balanced, mutually useful commerce settlement. On a number of events, we’ve been near a deal. The characterisation of those discussions, the reported remarks, just isn’t correct.”
Add Zee Information as a Most well-liked Supply
“We stay keen on a mutually useful commerce deal between two complementary economies, and look ahead to concluding it. By the way, Prime Minister and President Trump have additionally spoken on the telephone on eight events in 2025, overlaying numerous facets of our wide-ranging. work. work,” he added.
“By the way, Prime Minister and President Trump have additionally spoken on the telephone on eight events throughout 2025, overlaying completely different facets of our wide-ranging partnership,” Jiaswal elaborated.
#WATCH | Delhi | MEA Spokesperson Randhir Jaiswal says, “We now have seen the remarks. India and america have been dedicated to negotiating a bilateral commerce settlement with the US way back to thirteenth of February final yr. That’s, since then, the 2 sides have held a number of… pic.twitter.com/qBbDqjpqoL
— ANI (@ANI) January 9, 2026
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What Had Lutnick Mentioned About India-US Commerce Deal?
Based on ANI, in a dialog with American enterprise capitalist Chamath Palihapitiya, as a part of the ‘All-In Podcast’ on Thursday (native time), Lutnick had stated that whereas contracts have been negotiated and your entire deal construction was ready, the ultimate step required direct, leader-level engagement.
“I might negotiate the contracts and set the entire deal up, however let’s be clear. It is his (Trump’s) deal. He is the nearer. He does it. It is all arrange, you bought to have Modi, name the President. They have been uncomfortable doing it. So Modi did not name. That Friday left, within the subsequent week we did Indonesia, the Philippines, Vietnam, we introduced a complete bunch of offers,” the US Commerce Secretary stated.
Lutnick went on to clarify Trump’s broader commerce negotiation technique, describing it as a “staircase” mannequin. Based on him, international locations that moved first acquired the very best phrases, whereas people who adopted later have been supplied progressively increased charges.
Referring to the primary commerce cope with the UK, Lutnick stated Trump was repeatedly requested about which nation could be subsequent, and India was publicly named a number of instances.
India, he stated, was given “three Fridays” to shut the deal, successfully placing it on a “quick clock.”
Nonetheless, in accordance with Lutnick, India didn’t meet the deadline, and consequently, the US moved forward with commerce agreements with a number of Asian international locations, together with Indonesia, the Philippines, and Vietnam, asserting a collection of offers throughout Asia.
Lutnick stated these agreements have been negotiated at increased charges, because the US had initially assumed that India’s deal could be accomplished earlier. When India later approached the US, round three weeks after the deadline, looking for to proceed, it was instructed that the chance had handed.
Trump’s Tariffs
The Trump administration imposed tariffs on a number of nations that have been main exporters to the US, together with India and China.
There’s a 50 per cent tariff on items from India coming into america since August 2025.
(with ANI inputs)
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