{
  "id": 12087218,
  "title": "India, US have reached a plateau in trade talks, Indian finance minister says",
  "url": "https://urgent.news/2026/10/05/india-us-have-reached-a-plateau-in-trade-talks-indian-finance-12087218",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-05T05:48:33.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/economic-indicators/india-us-have-reached-a-plateau-in-trade-talks-indian-finance-minister-says-4931015"
  },
  "original_language": "en",
  "account": "NEW DELHI, Oct 5 - India and the United States have reached a standstill in their ongoing trade negotiations, according to India’s Finance Minister Nirmala Sitharaman. The Finance Minister's remarks indicate that both nations have encountered significant challenges in making further progress on a key agreement. Sitharaman's comments, delivered at an event in New Delhi, suggest that both countries may face considerable difficulties in moving beyond the current impasse. The potential for additional concessions from either side remains uncertain, according to Sitharaman.\n\nUS Trade Representative Jamie Zamansky previously stated that an agreement was not imminent after a meeting with Indian Trade Minister Piyush Goyal in the United States. Sitharaman emphasized that the negotiations have been a rigorous and persistent process, and they are still in progress. The two countries embarked on trade talks in February 2025 with the aim of enhancing economic cooperation and resolving longstanding market access issues. According to Sitharaman, India holds a favorable trade balance with the United States, meaning the deficit lies with Washington. Both sides are keen on reducing this imbalance through a mutually beneficial trade deal. Earlier this year, Reuters reported that India was seeking more favorable terms in the trade agreement with the US.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Indian Express",
        "title": "In trade deal with US, India needs to secure terms harder to reverse",
        "url": "https://urgent.news/2026/10/05/in-trade-deal-with-us-india-needs-to-secure-terms-harder-to-reverse",
        "published": "2026-10-05T00:45:37.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "India, US have reached a plateau in trade talks, Indian finance minister says",
        "url": "https://urgent.news/2026/10/05/india-us-have-reached-a-plateau-in-trade-talks-indian-finance",
        "published": "2026-10-05T05:44:05.000Z"
      }
    ]
  },
  "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."
}