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yesterday

India-U.S. Trade Talks Stall Over Tariff Disputes Ahead of July 9 Deadline

An Indian delegation will travel to Washington to press for rollback of proposed reciprocal tariffs on autos, steel and farm goods

U.S. President Donald Trump and Indian Prime Minister Narendra Modi shake hands as they attend a joint press conference at the White House in Washington, D.C., U.S., February 13, 2025. REUTERS/Kevin Lamarque/File Photo
A mobile crane carries a container at Deendayal Port in Kandla, in the western state of Gujarat, India, April 5, 2025. REUTERS/Amit Dave/ File Photo
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Overview

  • Washington has so far refused to meet India’s demand for a rollback of the planned 26% reciprocal tariff set for July 9, contributing to the impasse.
  • The U.S. side is pressing for Indian tariff cuts on corn, soybeans and other farm goods and for expanded access to dairy, ethanol, automobiles and medical devices.
  • India has offered tariff reductions on almonds, pistachios and walnuts and signaled willingness to grant preferential treatment to U.S. imports in energy, automotive and defence sectors.
  • India’s exports to the U.S. rose to $17.25 billion in April-May, up from $14.17 billion a year earlier, suggesting limited impact from earlier U.S. tariff hikes.
  • While Modi and Trump aim to finalize the first phase of a bilateral trade agreement by autumn 2025 and boost trade to $500 billion by 2030, New Delhi is also pursuing free trade talks with the EU and UK to diversify its partnerships.