India Edition

Trump-Modi Call Caps Volatile Week for Trade Talks

Dropping 25% additional tariff is the minimum goodwill gesture Washington can offer.

Narendra Modi and Donald Trump during a meeting in the White House in February. Photographer: Francis Chung/Politico/Bloomberg

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By Menaka Doshi, Preeti Soni, and Saket Sundria

December 12, 2025 at 11:25 AM UTC

Welcome to India Edition, Bloomberg’s daily dive into what’s moving the worlds of business, markets and politics in this dynamic, fast-paced economy. I’m Menaka Doshi. If you didn’t receive this directly in your inbox, you can subscribe here, and share feedback with us here.

Today we look at the roller-coaster ride in India-US trade talks and India’s strategy for rare earths.