{
  "id": 12082393,
  "title": "India-US trade talks reached a ‘plateau’, says Sitharaman: ‘Give or take beyond this very difficult'",
  "url": "https://urgent.news/2026/10/05/india-us-trade-talks-reached-a-plateau-says-sitharaman-give-or-take",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-05T05:37:36.000Z",
  "source": {
    "name": "Hindustan Times",
    "slug": "hindustan-times",
    "url": "https://www.hindustantimes.com/india-news/india-us-trade-talks-reached-a-plateau-says-sitharaman-give-or-take-beyond-this-very-difficult-101791177215458.html"
  },
  "original_language": "en",
  "account": "Union Finance Minister Nirmala Sitharaman revealed on Monday that India and the United States have reached a \"plateau\" in their trade negotiations, indicating that further progress could be challenging. Speaking at the Munich Leaders Meeting, Sitharaman stated that both countries have \"reached a plateau beyond which giving or taking might be very, very difficult.\" She noted that the negotiations are still ongoing, but the trade balance between India and the US is heavily in favor of India. The US is likely to seek to reduce this imbalance, addressing what it perceives as losses accumulated over the years. There is no comparable legislative barrier in Europe to India's trade negotiations with the EU, as Sitharaman clarified when asked about the impact of Russian oil procurement on negotiations with European partners. In a separate development, Commerce and Industry Minister Piyush Goyal held a productive discussion with US Trade Representative Jamie Shannon Greer during the G20 Trade Ministers Meeting in Milwaukee, sharing views on early conclusion of an interim agreement under the India-US Bilateral Trade Agreement and discussions on G20 deliberations under US Chairmanship. PM Modi had a \"productive conversation\" with US President Donald Trump on September 30, reviewing bilateral cooperation in trade, defense, energy, critical technologies, and other areas.",
  "summary": "Nirmala Sitharaman, however, also said that maybe if there are rooms to operate from, both sides would do it.",
  "key_points": [
    "India and US trade talks have reached a plateau, difficult to progress further",
    "India's trade balance heavily favors India, US seeks to reduce imbalance",
    "US Trade Representative Jamie Shannon Greer met with Piyush Goyal in G20 meeting"
  ],
  "editors_take": "India and the US face an impasse in trade talks, with further concessions likely to be difficult, as the US seeks to reduce its trade imbalance with India.",
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Free Press Journal",
        "title": "India-US Trade Deal Talks Reach ‘Plateau’, Further Concessions Difficult: Nirmala Sitharaman",
        "url": "https://urgent.news/2026/10/05/india-us-trade-deal-talks-reach-plateau-further-concessions-difficult",
        "published": "2026-10-05T06:02:00.000Z"
      },
      {
        "outlet": "Hindustan Times",
        "title": "‘There is no Lindsey Graham Bill in Europe’: Nirmala Sitharaman on Russian oil, trade talks",
        "url": "https://urgent.news/2026/10/05/there-is-no-lindsey-graham-bill-in-europe-nirmala-sitharaman-on",
        "published": "2026-10-05T06:05:28.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}