Brief by Shorts91 NewsDesk / 05:10am on 30 Jun 2025,Monday India Global
India and the US are set to finalise an interim trade deal by July 8, just ahead of Trump’s tariff deadline of July 9. All terms have been agreed, say sources, with Indian negotiators led by Rajesh Agrawal in Washington. The pact suspends the 26% additional tariffs on Indian imports (baseline 10% remains), while India seeks full exemption. The agreement covers multiple sectors agriculture, automobiles (including EVs), industrial goods, wine, and petrochemicals. India aims for tariff relief on textiles, gems, jewellery, shrimp and leather. Both sides target a broader Bilateral Trade Agreement (BTA) by October. Trump has hinted at eliminating trade barriers, calling the move “unthinkable”. (PC: Business Standard)
