India-US Trade Talks: Ambassador Hints Progress, Delhi Confirms No Formal Meets
Overview
US Ambassador Sergio Gor expressed optimism regarding India-US trade negotiations, suggesting a potential early resumption. However, Indian government sources stated no formal talks are scheduled this week, though informal engagement continues. India views its current proposal as its best offer. The US-led PAX Silica Initiative announcement boosted critical mineral stocks like GMDC and NALCO.
Trade Talks Stalemate Continues
Optimism regarding the resumption of India-US trade negotiations was signaled by the new US Ambassador to India, Sergio Gor. Gor highlighted ongoing discussions and suggested a new round of talks could occur soon. This statement followed his Monday assumption of duties.
New Delhi Confirms No Formal Schedule
Contrary to the ambassador's remarks, sources within the Indian government clarified that no formal trade talks are slated for this week. From India's standpoint, discussions are largely concluded, with the nation having presented what it considers its most favorable offer to date. This proposal has reportedly reached the US President's desk multiple times, yet U.S. demands for greater concessions are cited as a factor delaying final approval.
2026 Target for Reciprocity
Ambassador Gor also pointed to 2026 as a key year for trade reciprocity, emphasizing fair trade practices, partnership diversification, and a reduction in the trade deficit. While formal discussions remain absent, informal engagement between Indian and U.S. officials is reportedly occurring daily. Officials are observing whether the United States will initiate any formal outreach in the coming days.
Broader Strategic Partnership
Beyond trade, Gor underscored India's crucial role as a U.S. partner in areas like counter-terrorism and technology collaboration. He announced India's inclusion in the U.S.-led PAX Silica Initiative, an effort to build a secure silicon supply chain. This development led to a notable increase in shares of critical mineral companies, including Gujarat Mineral Development Corporation (GMDC) and National Aluminium Company Limited (NALCO).
Analysts suggest that even with the trade deal in limbo, sustained informal communication and strategic cooperation can preserve momentum in the economic and security alliance between the two nations. Ambassador Gor is expected to present his credentials to the President of India shortly, possibly within the current week.
