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Bloomberg Quint

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Image Credit: Bloomberg Quint

India-US Trade Deal: Where Talks Stand, What's Holding Them Back — Here's What We Know So Far

  • India is not in a rush to sign a trade deal with the United States that risks its core economic interests.
  • Negotiations between India and the US have been ongoing, with Commerce Minister Piyush Goyal emphasizing that New Delhi will not be pressured by arbitrary deadlines.
  • The July 9 deadline for finalizing an interim trade agreement is unlikely to be met, with the deal likely to cover only goods at present.
  • India has reserved the right to retaliate against US safeguard duties on auto parts, steel, and aluminum, potentially impacting $2.89 billion worth of US imports annually.

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