Overview

• Negotiators are wrapping up talks in the final 48 hours to secure a provisional agreement before the July 9 automatic reimposition of 26% reciprocal tariffs on Indian goods.
• The interim pact focuses on mutual tariff cuts across industrial products, with preserved Indian duties on agriculture, dairy and genetically modified crops.
• India’s trade delegation has extended its stay in Washington as President Trump’s administration begins sending letters to other partners detailing their forthcoming tariff rates.
• New Delhi is pressing for reduced duties on labour-intensive exports such as textiles, footwear and leather to support its aim of doubling bilateral trade to $500 billion by 2030.
• The deal forms part of the U.S. deadline-driven reciprocity strategy that also encompasses parallel negotiations with the EU, Japan and other major economies.