# Inside India newsletter: Trump’s poll setback fuels hope for U.S.-India trade deal by year end

- URL: https://talkfuse.com/story/inside-india-newsletter-trumps-poll-setback-fuels-hope-for-u-s-india-trade-deal-by-year-end/
- Published: 2026-11-11T23:57:38+00:00
- Updated: 2026-11-12T08:09:16+00:00
- Original publisher: CNBC (publisher lean: Centre)
- Original article: https://www.cnbc.com/2026/11/12/us-india-trade-tariffs-trump-modi.html
- Topics: Americas, Asia, Business, Elections, Politics, World

## Key points

- Trump’s election setback may increase the chance of a US-India trade deal.
- Analysts point to a possible announcement when Trump meets Modi in December.
- The proposed deal follows tariffs that raised costs for US households.

## Summary

Donald Trump’s midterm setback has increased pressure on him over the cost of living and tariffs, while raising expectations that the United States and India could conclude a trade deal by year end. Analysts say an agreement would give Trump a policy achievement to promote, though it could also be seen as vindication of his tariffs-led approach.

Talks are described by one former US trade official as far along, with a possible announcement when Trump and Narendra Modi meet at Mar-a-Lago in December. The US had proposed cutting tariffs on Indian goods to 18%, after previously imposing duties of 25% and an additional 25% linked to India’s purchases of Russian oil; the February deal remains unapproved. Tax Foundation estimates tariffs added $820 to the average US household’s tax burden in 2026 and $1,000 in 2025, while Indian officials have said the relationship has bipartisan support in the US.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.