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India in a wait and watch mode as Trump prepares more tariff letters

  • India has time until August 1 to strike a deal with the US to avoid reciprocal tariffs.
  • Trade negotiations between India and the US have stalled over disagreements on issues like GM crops and dairy.
  • Trump has extended the reciprocal tariff deadline for various countries, including India, to August 1.
  • India has offered market access to the US in exchange for sustainable preferences in specific trade areas.

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