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India-US trade: Can India & US seal the deal? July 9 deadline fuels enduring partnership optimism, albeit past turbulence
Edited by : Pratyusha Chatterjee
7 min read
India’s talks with the US for a Bilateral Trade Agreement, which would smoothen gross exports worth USD 86.5 billion (FY 2024–25 data, up 11.6 per cent from FY 23–24), are walking on a double-edged sword.
Image source: Linkedin (Handle: Harnam Prajapati)
With the progression of a second Trump administration, there is a renewed and pressing push for comprehensive trade relations. Current high-level negotiations are underway, with India and the US aiming to finalise an interim three-phase trade agreement by June 25, ahead of a potential July 9 deadline for the USA’s 26 per cent reciprocal tariff on India, which is currently suspended.
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