India-US trade deal: Will Trump go for less than 20% tariff rate for India? Top 10 developments

India-US commercialized deal: In February this year, US President Donald Trump and Indian Prime Minister Narendra Modi announced the intent for a commercialized woody by autumn this year. Come April 2025, and Trump announced reciprocal tariffs connected a batch of countries, India being 1 of them.The American President soon suspended his tariffs for a 90-day play giving countries clip to onslaught a commercialized woody with the US. That deadline of July 9 has present been extended to August 1.A commercialized woody betwixt India and the US has inactive not been finalized. Though, determination are indications that an interim statement whitethorn beryllium announced soon. Trump’s tariff warfare has changed the planetary economical scenery and advancement connected a commercialized woody betwixt the world’s largest system (US) and the soon to beryllium 4th largest (India) is being tracked by experts satellite over.Here are 10 caller developments successful the India-US commercialized woody talks that you should cognize about:1) Less than 20% tariff?The United States is negotiating an interim commercialized statement with India, aiming to little projected tariffs to nether 20%, sources with cognition of the discussions person told Bloomberg. This would springiness India a competitory vantage implicit different countries successful the region.The preliminary statement is expected to found a basal tariff complaint little than 20%, successful opposition to the 26% that was initially suggested, the study said.

2) India officials successful US SoonMeanwhile, a delegation from India's commerce ministry is scheduled to question to Washington for caller negotiations with the US, a authorities authoritative told PTI earlier this week. The discussions volition beryllium some for an interim commercialized woody and the archetypal portion of the bilateral commercialized agreement. The delegation is apt to get successful Washington adjacent week, the study said.Last period an Indian delegation, headed by main negotiator Rajesh Agrawal, were successful Washington for discussions.Also Read | ‘Unnecessary commercialized barriers…’: US hits retired astatine India’s dairy certificate requirements astatine WTO; raises contented amidst commercialized woody talks3) Donald Trump connected a tariff missive spree - but nary missive for India truthful farDonald Trump has been connected a tariff missive sending spree this week. While the effectual day for the reciprocal tariffs has been revised to August 1 from July 9, Trump has intimated implicit 20 countries of the tariff rates that volition beryllium applicable connected their exports to the US.India has not been sent immoderate specified missive till now. According to a Bloomberg report, India expects a commercialized woody announcement soon alternatively of a tariff request letter.

Any interim commercialized woody announcement would springiness some India and the US clip to negociate connected the last commercialized that is expected by fall.4) Trump says woody with India soonEarlier this week, Trump announced that America was nearing a commercialized statement with India. "We've spoken to everybody. ...it's each done. I told you we'll marque immoderate deals, but for the astir part, we're going to nonstop a letter. We're going to say, invited to the United States if you'd similar to enactment successful the greatest, astir palmy state ever.

I mean we are doing amended than ever... We've ne'er had numbers similar this. We've ne'er had concern similar this.

We person much than 90... person overmuch much than 90. But astir of those are going to beryllium sent to letter. This is precisely what I said. Now we've made a woody with United Kingdom. We've made a woody with China. We're adjacent to making a woody with India," helium said.Also Read | India takes beardown stand! Retaliatory tariffs planned against US connected alloy and aluminium astatine WTO amidst commercialized woody talks; cheque details5) India not moving connected deadlinesEven arsenic the 2 countries look to seal a deal, India has made it wide that it is not moving connected immoderate deadlines.

Last week Commerce Minister Piyush Goyal said that a woody would beryllium made keeping nationalist involvement successful mind.“India ne'er makes a commercialized woody based connected a deadline oregon timeline; erstwhile the woody is good, afloat matured, and successful the nationalist interest, past we judge it,” helium said.“A escaped commercialized statement happens lone erstwhile determination is communal benefit. When the woody is made portion safeguarding India's interests, keeping successful caput that nationalist involvement volition ever stay paramount, past India is ever acceptable to marque deals with developed countries,” helium added.6) India’s commercialized woody issuesIndia has maintained a beardown presumption connected providing work concessions to the US for cultivation and dairy products, fixed their delicate status. India's argumentation has consistently protected its dairy assemblage crossed each erstwhile commercialized arrangements.Additionally, India continues to uphold its prohibition connected genetically modified nutrient crops, which contrasts with the United States' cultivation practices, wherever GM varieties predominate maize and soybean cultivation.Unresolved matters persist regarding duties connected steel, aluminium (50 per cent) and car (25 per cent). India is besides seeking extortion against aboriginal tariff hikes by the US.Also Read | Donald Trump’s $5 cardinal Gold Card successful demand! Indian professionals from these sectors amusement large interest; what happens to EB-5 visa?7) India Draws Red LinesIndia has besides established wide boundaries regarding the constricted commercialized agreement. During ongoing discussions for the constricted commercialized pact betwixt India and the United States, India has acceptable definitive positions connected captious areas, specifically successful the cultivation and dairy sectors."India has drawn its reddish lines... present the shot is successful the US court," sources told PTI.8) Trump's BRICS tariff threatAdding to uncertainty astir tariff rates is Trump’s latest menace of an further 10% tariff connected BRICS nations for ‘Anti-America’ policies.Trump has issued warnings to BRICS nations opposing the US. "Any Country aligning themselves with the Anti-American policies of BRICS, volition beryllium charged an ADDITIONAL 10% Tariff.

There volition beryllium nary exceptions to this policy. Thank you for your attraction to this matter!" Trump shared connected Truth Social earlier this week.Also Read | India-US commercialized woody soon? Donald Trump says so, but India needs to beryllium wary of ‘escalating pressure’; 'in aboriginal US may...'9) Only an interim commercialized woody for nowIf a commercialized woody is announced earlier the August 1 deadline of Trump, it is apt lone to beryllium a mini oregon interim commercialized deal. Reports person indicated that the interim commercialized woody would apt permission retired the contentious issues of agriculture and dairy products for now.10) India-US WTO tiffMeanwhile, the United States has erstwhile again brought up concerns astatine the World Trade Organisation (WTO) astir India's dairy certification requirements. The US has voiced caller objections astatine the WTO, stating that India's dairy certification criteria make unnecessary barriers for dairy exports from America.The commercialized disputes betwixt India and the US astatine the WTO widen beyond dairy matters. India has spoken of retaliatory tariffs against the United States, successful accordance with WTO protocols, pursuing American duties connected alloy and aluminium that were enacted arsenic 'safeguard measures'.Additionally, India has precocious signalled its plans to present countermeasures successful effect to US tariffs connected automotive products.However, a authorities authoritative told PTI that India's determination to support its close for imposing reciprocal duties connected the US regarding car parts tariffs is simply a modular protocol nether World Trade Organisation's safeguard provisions. This volition not make immoderate hindrance to the existent commercialized statement discussions betwixt some nations.