Archive · 26 Jun 2025
India, US Trade Talks Continue Before Tariff Deadline
India and the US are trying to make a trade deal.
The US wants India to lower taxes on some products.
India wants the US to get rid of taxes on goods from India.
If they can't agree by July 9th, some taxes might go up.
They are hoping to make a larger trade deal by late 2025.
Global trade briefly sped up, with companies buying extra goods to get ahead of the possible tax increase.
India and the US are negotiating an interim trade deal to avoid reciprocal tariffs.
The July 9 deadline looms for the end of the 90-day pause on US reciprocal tariffs.
The US wants India to lower tariffs on agricultural goods, dairy products, and automobiles.
India seeks concessions from the US, including a rollback of the 26% reciprocal tariffs.
Global trade saw an uptick in early 2025, but growth may slow due to uncertainties.
- Who
- India and the United States.
- What
- Negotiations between India and the US for an interim trade deal.
- When
- Ongoing, with a July 9 deadline for an interim deal.
- Where
- Between India and the United States.
- Why
- To establish a trade agreement and avoid reciprocal tariffs.
India's Demands
US Demands
Tariff reductions
India's Demands
Wants US to reduce or remove tariffs on Indian exports.
US Demands
Wants India to remove tariffs and non-tariff barriers.
- Reciprocal Tariff (Announced)
- 26%
- Baseline Tariff
- 10%
- Deadline for Interim Deal
- July 9
- Comprehensive BTA Goal
- Fall 2025
- US Demands
- Lower tariffs on agriculture and automobiles
Sources
India's trade surplus with US stands at $41.18 bn
India, US Trade Talks Face Roadblocks Ahead Of Tariff Deadline: Report
India-United States trade talks stall over tariff disputes ahead of Donald Trump’s deadline - Telegraph India
India-US trade talks hit a roadblock; time for PM Modi and Trump to intervene?
Indian negotiating team reaches US to fast-track interim trade deal
