India-US Trade Deal Likely Soon as Negotiations Underway: Sources

The United States reciprocal tariffs deadline is close and there are several parleys that are currently underway in Washington DC, between Indian officials as well as US officials on finalizing the proposed interim trade deal in the next few days, according to sources.

India is yet to seal the interim trade deal with the US, and negotiations regarding the same are underway.

What Does New Delhi Want From The Trade Deal?

The national capital, New Delhi is seeking greater market access for its labor-intensive goods like garments, footwear, and leather - which are major job creators.

What Does Washington Want From The Trade Deal?

Washington has its eyes on the duty concessions for its agricultural and daily products, according to officials.

India-US Trade Deal

While Indian trade negotiators have extended their stay in the US, it highlights a last-minute push to iron out key differences, IANS said in a report.

The United States has maintained its broader tariff cuts, especially on high employment goods, which are needed to reach the goal of doubling bilateral trade to $500 billion by 2030.

The trade deal between India and the US is now primarily focused on retaining or removing the reciprocal tariffs.

The Indian negotiation team, which is led by Rajesh Agarwal, is engaged in high-level talks in Washington to conclude the bilateral trade agreement.

When Will The Trade Deal Be Finalised?

The interim trade deal is most likely to get finalized ahead of July 9, 2025, which was a deadline fixed by the US President Donald Trump for the 90-day pause on new tariffs that were to be levied on Indian products.

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