Published • loading... • Updated
Big relief for India soon? US mulls interim trade deal, may cut tariff below 20%
INDIA, JUL 14 – The interim deal may set tariffs below 20% and allow ongoing talks while addressing agricultural and pharmaceutical barriers, with bilateral trade valued at $129 billion in 2024.
- The United States announced proposed tariffs of up to 30% starting August 1 on key trade partners including the EU and Mexico, affecting ongoing India-US talks.
- India is carefully examining US demands for soybean and corn imports with strict non-GM certification amid difficulties in segregating GM and non-GM crops in the US.
- Experts and the Global Trade Research Institute urged India to avoid rushing into trade deals that could irreversibly harm agriculture and stressed that US pressure affects many countries.
- The US has sent tariff letters imposing up to 50% rates to 24 countries including the EU, while only the UK and Vietnam have accepted the US's one-sided trade terms so far.
- An interim India-US trade deal may lower tariffs below 20% and allow continued negotiations, but experts warn such agreements may not survive future shifts in US politics.
Insights by Ground AI
36 Articles
36 Articles
Accelerating India-US Trade Talks: A Future Bilateral Agreement
Trade negotiations between India and the US are advancing rapidly as both countries work toward a Bilateral Trade Agreement. Officials focus on a mutually beneficial deal, driven by high-level talks in Washington. Key sectors under discussion include agriculture and automobiles, aiming for a comprehensive pact.
·India
Read Full Article
Although the US stock market set a new record high last week, it ended the week in a slight negative due to Trump's tougher rhetoric regarding tariffs.
·Belgrade, Serbia
Read Full Article
4th of July SaleGet 40% off Vantage subscriptions for yourself or a friend.Get Started
Coverage Details
Total News Sources36
Leaning Left2Leaning Right9Center3Last UpdatedBias Distribution64% Right
Bias Distribution
- 64% of the sources lean Right
64% Right
14%
C 22%
R 64%
Factuality
To view factuality data please Upgrade to Premium
