Archive · 15 Jun 2025
India Watchful as US Drives Hard Bargain on Trade Deal
The US and India are in trade talks, but things are tough.
The US wants India to lower tariffs on lots of products.
India isn't sure if they'll get a good deal, so they are looking at what deals the US makes with others.
India hopes the time given to make a deal will be extended.
US is pushing for substantial market access and tariff reductions in trade deal negotiations with India.
India is considering a 'wait and watch' approach, comparing US deals with other nations.
India seeks extension of the 90-day pause on reciprocal tariffs beyond July 9.
US demands steep tariff cuts across multiple sectors, including autos and agriculture.
US tariffs, including sector-specific ones, are impacting Indian exports.
- Who
- US and Indian trade negotiators.
- What
- US-India trade negotiations.
- When
- Ongoing, with a potential 90-day tariff pause expiring July 9.
- Where
- Not specified, but the negotiations are between the US and India.
- Why
- To establish a bilateral trade agreement.
US Perspective
India Perspective
Trade Agreement terms
US Perspective
Wants substantial market access and tariff reductions from India.
India Perspective
India is evaluating its options and has concerns about the terms.
- Key Issue
- Reciprocal tariffs, market access
- US Stance
- Seeking market access and tariff cuts
- India's Approach
- Wait-and-see
- Tariff Pause
- Potentially extended past July 9
- Tariffs on Steel and Aluminum
- Increased to 50%
Sources
US-China trade truce leaves military-use rare earth issue unresolved: Report
US, China leave issue of military-use rare earths, AI chip curbs unresolved in new trade truce
US-China Trade Pact Leaves Military Use Rare Earth Issue Unresolved - Reports
US-China Trade Talks Leave Military-Use Rare Earth Issue Unsettled: Sources