US, India Target July Interim Trade Deal as Washington Weighs Fresh Tariffs
Updated
Updated · Bloomberg · Jun 5
US, India Target July Interim Trade Deal as Washington Weighs Fresh Tariffs
3 articles · Updated · Bloomberg · Jun 5
Summary
Mid-July is the target for the US and India to execute a “first tranche” interim trade pact, Indian Commerce Minister Piyush Goyal said on Friday.
The push comes as Washington has proposed fresh tariffs on imports from major trading partners, including India, keeping pressure on both sides to secure terms quickly.
Goyal said the initial deal would be a “very vibrant” package and give India preferential access over competing exporters.
The planned interim pact suggests both countries are pursuing a phased trade arrangement rather than waiting for a broader final agreement.