India, US interim trade deal may be a reality before June 25

The much-awaited interim trade deal between the US and India may be advanced, and take place before June 25. A team of US negotiators is expected in India early next month to take forward the talks from where they were left during India’s Commerce and Industry Minister Mr Piyush Goyal’s recent visit to the US. The negotiators aim to arrive at a clear understanding of the interim deal. Reciprocal tariffs on India and other countries by the US are paused till July 9, which makes July 8 the deadline for averting these via a mutually agreed deal to increase market access for both countries. In the interim trade deal, New Delhi is pushing for full exemption from the 26% reciprocal tariff on Indian goods, as per a report.

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