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The Economic Times
The Economic Times
National

A $500 billion question hangs over Rubio’s India trade claim as original tariff bargain loses its footing

India X United States Marco Rubio

US Secretary of State Marco Rubio’s claim that India has committed to buying $500 billion worth of American goods over the next five years has run straight into a reality check from the Global Trade Research Initiative (GTRI), which says the logic of the underlying trade deal itself may have already collapsed.

Rubio, currently in India (May 23–26, 2026), posted on X thanking American diplomats and claiming that India had committed to major purchases across energy, technology and agriculture sectors.

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