US EditionIndia Looks for ‘Low-Hanging Fruit’ in High Stakes US Trade Talks
WASHINGTON, UNITED STATES, JUL 15 – India and the US aim to resolve tariff disputes in agriculture, dairy, automobiles, and steel during talks amid looming tariff deadlines and rising bilateral trade volumes, officials said.
- An Indian commerce ministry delegation conducted week-long trade talks in the US capital between late June and early July, aiming to finalize a bilateral trade agreement with America ahead of the August 1 deadline.
- The talks focus on resolving disputes in key sectors, especially dairy, where India insists on strict import certification for milk from cows not fed animal-based feed, reflecting cultural and economic concerns.
- The US condemns India’s dairy certification policies as unnecessary trade barriers, calls for reduced tariffs on agricultural and dairy goods, and has delayed the implementation of new tariffs on India until August 1.
- US Treasury Secretary Scott Bessent stated that the US strategy involves applying maximum pressure, reflecting persistent US efforts despite stalled negotiations, while a senior Indian official firmly rejected any compromise regarding dairy import regulations.
- If both sides reach substantial agreement, an interim trade deal may be possible, but the unresolved dairy dispute remains a major hurdle to boosting bilateral trade, which India and the US aim to expand significantly.
13 Articles
13 Articles
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