Overview

• India’s trade negotiators have prolonged their stay in Washington to resolve outstanding issues on tariff rollbacks and agricultural market access.
• President Trump said he does not plan to extend the 90-day pause on reciprocal tariffs and will soon send letters setting tariff rates for non-compliant partners.
• Washington is pressing New Delhi to lift duties on genetically modified crop imports while India demands an unequivocal US commitment to repeal all punitive tariffs.
• China’s Commerce Ministry warned it will take “firm, resolute countermeasures” against any country that strikes trade relief deals with the US at China’s expense.
• France’s finance minister urged that EU-US negotiations be extended beyond July 9 to secure more balanced terms on tariffs and energy imports.