US EditionUS Extends Suspension of Reciprocal Tariffs to Aug 1; Relief to Indian Exporters
INDIA, JUL 7 – The US may extend the India trade deal deadline to August 1, warning tariffs could revert to April levels if talks stall, aiming to finalize goods-only agreements, officials said.
- The United States extended the suspension of reciprocal tariffs on Indian goods until August 1, 2025, providing temporary relief to exporters.
- This extension followed uncertainty over concluding a US-India interim trade deal before the original July 9 deadline and ongoing tariff negotiations.
- Bilateral trade between the US and India reached USD 131.84 billion in 2024-25, with the US being India's largest trading partner since 2021-22.
- President Trump stated that the US and India are nearing a trade agreement, but cautioned that if progress is not made soon, tariffs will revert to the higher rates that were in place as of April 2 starting August 1.
- The tariff extension allows more time to finalize agreements, while India faces short-term trade balance risks due to rising crude oil import costs and rupee pressure.
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The extension of the tariff truce approved by the United States until 1 August has not been received with particular relief in Brussels. Nor has it been feared. Simply enough, many in the European Union want to end the uncertainty of the trade war as soon as possible. “The United States has extended the deadline for the imposition of tariffs. However, negotiations continue at the political and technical level to promote a principle of agreement …
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US President Donald Trump has given relief to countries around the world regarding reciprocal tariff. Trump has extended the last date for increasing reciprocal tariff.
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Total News Sources24
Leaning Left4Leaning Right6Center1Last UpdatedBias Distribution55% Right
Bias Distribution
- 55% of the sources lean Right
55% Right
L 36%
R 55%
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