High-Stakes Negotiations: US-India Trade Talks on the Brink
The US is set to visit India for another round of trade talks to finalize an interim deal before August, a deadline for tariff suspension. Despite ongoing negotiations, challenges remain over tariffs and trade terms, particularly on agriculture and industrial goods. Both parties aim for an agreement by fall.
- Country:
- India
The United States is preparing to send a delegation to India on August 25 for another round of high-level trade talks focused on resolving outstanding issues in a proposed bilateral trade agreement, according to an official statement released Tuesday.
The upcoming discussions come as both nations work under pressure to resolve their differences before an interim deal deadline set for August 1. This date marks the end of a suspension period for tariffs, initially imposed by former US President Donald Trump.
Despite the challenges, including India's reluctance to lower tariffs on agricultural goods and the US seeking reductions in duties for industrial products, there remains cautious optimism for reaching partial agreement. Both sides aim for a completed pact by fall, with recent dialogues showing promising engagement.
(With inputs from agencies.)
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