India-US trade deal and tariffs

Modi and Trump speak by phone as Goyal holds trade talks in the US

30 Sept 2026 · 3 outlets · 1 min read

AI illustration
In 30 seconds
  1. Modi called the 30 September conversation with Trump 'productive'; Trump shared no details.
  2. Goyal visited the US from 29 September to 5 October for trade talks.
  3. Congress asked whether Modi raised US action on Russian oil, Iran ties and visas.

Prime Minister Narendra Modi and President Donald Trump spoke by phone on 30 September 2026, their first call since the Graham Act became law. Modi said they reviewed cooperation in trade, defence, energy and critical technologies. Commerce Minister Piyush Goyal was in the US from 29 September to 5 October for talks on the trade agreement. A day earlier, External Affairs Minister S. Jaishankar said there was 'more or less an understanding' on the deal. Congress's Jairam Ramesh asked whether Modi had raised India's concerns over Russian oil.

What it means for India

The call kept the trade talks moving while the Russian-oil tariff threat was still live for Indian exporters.

Checked

Claim by claim

✓Verified

India and the US have reached 'more or less an understanding on the trade agreement'.

Said by S. Jaishankar, External Affairs Minister

The Indian Express quotes Jaishankar saying this on 29 September. It records his assessment; two days later US Trade Representative Greer said a deal was not imminent.

The Indian Express
✓Verified

Modi and Trump reviewed cooperation in trade, defence, energy and critical technologies.

Said by Narendra Modi

This is Modi's own account on X, reported by The Indian Express and The New Indian Express.

The Indian Express · The New Indian Express
In their own words

What each side says

Government of India

Modi said the leaders agreed to 'maintain close engagement' on their strategic partnership. Jaishankar said trade talks needed patience because India is 'a society of small producers', and that if a partner does not appreciate India's primary concerns, it affects the relationship.

The Indian Express
Congress party

Jairam Ramesh questioned Modi's account of the call and asked whether he raised what Ramesh described as the US unfairly targeting India for buying Russian oil, India's economic ties with Iran, and visa concerns of Indian students and professionals.

The New Indian Express
Honest gaps

Not yet known

  • ?What, if anything, was agreed on the Russian-oil tariff during the call.
Who reported this

Sources

Left-leaning · 1Centre · 1International · 1

3 outlets across the spectrum. Leanings are a rough guide to who reported it, not a verdict on accuracy.

  1. The Indian ExpressPM Modi, Donald Trump talk trade, defence as US tariff threat over Russian oil looms
  2. Reuters (via MarketScreener)Modi speaks with Trump as India seeks interim deal with US
  3. The New Indian ExpressCongress questions Modi's 'good friend, Donaldbhai' call with Trump, flags key India-US concerns

Spasht writes original summaries. Follow the links to read each outlet's own report. Revision 1.