Brief by Shorts91 Newsdesk / 10:58am on 08 Jul 2025,Tuesday India Global
The US has extended its suspension of 26% reciprocal tariffs on Indian goods until August 1, offering temporary relief to exporters and boosting bilateral trade talks. The extension, originally set to expire on July 9, signals Washington’s willingness to resolve outstanding issues. India was notably absent from the list of countries receiving tariff letters from the Trump administration this week. Indian trade bodies welcomed the move, calling it a crucial window for finalizing a bilateral trade agreement. Experts urged exporters to stay cautious, as President Trump remains unpredictable. Both countries aim to conclude an interim trade deal by fall 2025. (PC: HT)
