India is working swiftly to finalize an interim trade agreement with the United States before the July 9 deadline, aiming to avoid the return of steep tariffs on key exports. A 90-day pause on retaliatory duties—triggered by previous trade disputes—is set to expire soon, prompting urgent negotiations in Washington.
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| India Pushes for Interim Trade Deal with U.S. Ahead of Deadline |
The deal seeks to ease trade tensions without compromising India’s core interests, especially in agriculture. India is unwilling to open up its farm sector to U.S. imports like dairy, wheat, and genetically modified crops, which are politically sensitive. Meanwhile, the U.S. is demanding tariff cuts on items such as auto parts, medical devices, and steel.
India, in return, is pushing for duty reductions on almonds, pistachios, and industrial goods, while asking for protection against any future U.S. tariffs. Both countries hope that this "mini-deal" will not only prevent new trade barriers but also lay the groundwork for a broader agreement by the end of the year.
This move reflects India's growing trade ambitions and its intent to strengthen ties with a key global partner while safeguarding domestic industries.
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