Ball in Washingtons court on India-US interim trade agreement before July 9: Sources
INDIA, JUL 6 – India and the US aim to finalize an interim trade agreement addressing tariff exemptions and duty concessions before US tariffs take effect on August 1, impacting $131.84 billion in trade.
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The US had imposed an additional 26% reciprocal tariff on Indian products on April 2 this year, which President Trump later temporarily suspended for 90 days, with the next deadline set as July 9. The US's 10% baseline tariff is still in effect.
India draws red lines on key sectors as interim trade deal with US nears July 9 deadline: Report
With India setting its red lines on key issues in sectors such as agriculture and dairy for the proposed interim trade agreement with the US, the ball is now in Washington's court to finalise the deal, sources said.
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Ball in Washington’s court on India-US Interim Trade Agreement before July 9
NEW DELHI : With India setting its red lines on key issues in sectors such as agriculture and dairy for the proposed interim trade agreement with the US, the ball is now in Washington’s court to finalise the deal, sources said. They said if issues are settled, an interim trade pact could be announced before July 9, which marks the end of the 90-day suspension period of the Trump tariffs announced on April 2 on dozens of countries, including Indi…
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