Archive · 2 Jun 2025
India-US Trade Talks Continue, Interim Deal Possible
India and the US are working on a quick trade deal to avoid tariffs set for July 9th.
Officials from both countries will meet to discuss the deal, aiming to complete the first phase.
They're talking about removing tariffs on goods and services.
India wants the US to drop the 26% tariffs.
The US wants better deals for its products like cars.
They're also discussing rules about imports, like genetically modified crops, to make trade easier and reach $500 billion by 2025.
US officials are likely to visit India for further trade talks.
An interim trade deal is being discussed to avoid US tariffs.
India aims for full exemption from 26% tariffs.
Goods and digital services are part of the deal.
India and US seek to double bilateral trade by 2025.
- Who
- India and US officials
- What
- Negotiating an interim trade deal, discussing tariffs and import/export regulations.
- When
- Before July 9, 2024
- Where
- India and US
- Why
- To finalize an interim trade deal and avoid tariffs.
- Tariff Deadline
- July 9
- Deal Type
- Interim Trade Deal
- Bilateral Trade Goal
- $500 billion by October 2025
- US Focus
- Concessions on industrial goods
- India Focus
- Full exemption from tariffs
Sources
US Trade Deal: India must demand reciprocal gains, preserve US market access for local products, says ASSOCHAM Secretary General
India pushes to dodge Trump's 26% tariff as US officials head to Delhi for last-lap trade deal talks
India-US trade deal in works as Trump's tariff deadline inches closer
