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India U.S. Tariff Pact Races Toward 10% Deal Before Trump’s July 9 Deadline
India U.S. Tariff Pact Races Toward 10% Deal Before Trump’s July 9 Deadline
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Indian and U.S. officials have commenced closed-door trade negotiations in New Delhi, aiming to finalize an interim agreement before President Donald Trump's July 9 deadline. The talks focus on tariff reductions in key sectors such as agriculture and automobiles, with India proposing an average tariff rate of 10% contingent on reciprocal concessions from the U.S.
Market access remains a critical point of discussion, as Washington seeks expanded entry into India's farm and dairy markets, while New Delhi pushes for favorable terms for its domestic exports. The outcome could have broader implications for India's trade policy, including potential alignment with global crypto growth objectives, according to industry advocates.
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