Archive · 24 Jun 2025
US and India Race to Finalize Trade Deal Amid Tariff Concerns
The US and India are in talks for a quick trade agreement by July 9.
They are discussing taxes on each other's products.
If they can't agree, Indian goods could get higher taxes.
India wants the US to remove taxes on things like steel and cars.
The US wants India to allow more of its products to be sold there.
Both sides are trying to find a solution that works for them.
US and India are negotiating an interim trade deal with a July 9 deadline.
The deal aims to address reciprocal tariffs and increase market access.
India seeks rollback of US tariffs on steel, aluminum, and autos.
US wants increased market access for various goods, including agriculture.
If an interim deal fails, Indian exports could face 26% tariffs.
- Who
- The US and India are negotiating.
- What
- US and India are negotiating an interim trade deal.
- When
- Negotiations are ongoing with a deadline of July 9.
- Where
- Discussions between the US and India.
- Why
- To establish a bilateral trade agreement and address tariff issues.
India's Perspective
US Perspective
Tariff Rollback vs. Market Access
India's Perspective
Rollback of US tariffs on Indian exports and reduction in MFN tariffs for greater market access.
US Perspective
Increased market access for US goods.
- Reciprocal Tariff Deadline
- July 9
- US Baseline Tariff
- 10%
- Potential Reciprocal Tariff
- 26%
- Indian Demand
- Withdrawal of US tariffs on steel, aluminum, autos and a reduction in MFN tariffs for greater market access.
- US Demand
- Increased market access for goods including food and agricultural products, and also government procurement, IP rights, customs and digital trade.
