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3d ago

India and US Trade Talks Stall as High Tariffs Set for August 1

Negotiators will reconvene in New Delhi in late August to seek a goods-only interim deal before reciprocal duties begin

U.S. Treasury Secretary Scott Bessent speaks to reporters at the U.S. Capitol in Washington, D.C., U.S., June 27, 2025. REUTERS/Elizabeth Frantz/File Photo
U.S. Secretary of Commerce Howard Lutnick testifies before a House Appropriations Committee hearing on U.S. President Donald Trump's budget request for the Department of Commerce, on Capitol Hill in Washington, D.C., U.S., June 5, 2025. REUTERS/Leah Millis/File Photo
This file photo, taken July 8, 2025, shows First Vice Industry Minister Moon Shin-hak speaking at a meeting on the response to U.S. tariff measures held in Seoul. (Yonhap)

Overview

  • Five rounds of face-to-face talks since March ended on July 17 without breakthroughs on agriculture, automobiles or digital-trade rules
  • President Trump’s 26% surcharge will take effect on August 1 unless an interim agreement is reached
  • Commerce Secretary Howard Lutnick has reaffirmed the deadline but said negotiations can continue after tariffs begin
  • A US delegation led by the Office of the US Trade Representative is scheduled to visit India in the second half of August for a sixth round of talks
  • Both sides remain committed to finalizing the first phase of a comprehensive bilateral trade agreement by fall 2025