Archive · 1 Jul 2025
India-US Trade Talks Continue, Focusing on Tariffs and Market Access
India and the US are negotiating a trade deal, trying to agree on what each country can sell to the other without high taxes.
India wants to sell more things like clothes and jewelry at lower costs.
The US wants India to let in certain agricultural products.
They're in talks that have gone on for six days, with a deadline in early July.
If they don't agree, some taxes will go back up.
They are also working on a larger trade agreement to boost trade between both countries.
India-US trade talks extend into the sixth day, with a focus on an interim trade deal.
India is pushing for reduced tariffs on labor-intensive goods like textiles and gems.
The US is seeking concessions in agriculture, including dairy and genetically modified crops.
A 26% reciprocal tariff on Indian goods could be reinstated if a deal isn't reached by July 9th.
Both countries aim to conclude the first phase of a trade agreement by fall 2024.
- Who
- Trade representatives from India and the US.
- What
- Negotiations for an interim trade agreement.
- When
- Talks are ongoing, with a deadline of July 9th, 2024.
- Where
- Washington D.C., USA.
- Why
- To establish a trade agreement and avoid potential tariffs.
India's Stance
US's Stance
Tariffs
India's Stance
Seeking full tariff elimination on labor-intensive exports.
US's Stance
Potentially unwilling to fully remove tariffs, especially for Indian goods.
Agriculture
India's Stance
Protecting the dairy and agriculture sectors.
US's Stance
Seeking access to Indian agriculture and dairy markets.
- Negotiation Status
- Ongoing
- Location
- Washington D.C., USA
- Deadline
- July 9th (for avoiding tariffs)
- India's Demands
- Duty cuts for labor-intensive sectors
- US Demands
- Duty concessions in the agriculture and dairy sectors
- Bilateral Trade Goal
- Reach USD 500 billion by 2030
- India's Exports to US (April-May)
- USD 17.25 billion
Sources
Cong leader Jairam Ramesh flags ‘withdrawal’ of NITI Aayog’s working paper on Indo-US trade
'There Will Be Some Give and Take': Jaishankar Hints India-US Trade Deal 'Very Soon'
India and The US Poised to Ink Historic Interim Trade Deal, Marking First with Major US Partner
Jaishankar refutes Trump's India-Pakistan ceasefire claims: ‘Was in the room when JD Vance spoke to PM Modi…’
India, US may sign interim trade agreement this week: Report
India US trade talks hit deadlock over agriculture, govt firm on dairy
Talks on India-US trade pact enter sixth day in Washington
With Trump's 90-day Tariff Pause Ending Soon, India Pushes for Relief on Steel, Auto, Exports, Say Govt Sources