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Bloomberg Quint

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Image Credit: Bloomberg Quint

India-US Interim Trade Deal Likely By July 4-5 As Talks Intensify

  • An interim trade deal between India and the United States is likely to be finalized by July 4–5, with negotiations currently underway in Washington.
  • The U.S. is pushing for greater market access to Indian agricultural and dairy sectors, while India is seeking tariff concessions on labor-intensive exports like garments and footwear.
  • Indian negotiators emphasize the need for broader tariff cuts to achieve the goal of doubling bilateral trade to $500 billion by 2030.
  • An Indian delegation is in Washington to address key differences and secure a deal before the July 9 deadline for Trump's reciprocal tariffs.

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