India-US Trade: A high-stakes India-US mini trade deal could be inked within 48 hours, with negotiators locked in extended talks in Washington. The pressure is mounting as the July 9 deadline looms — the day when suspended 26% US tariffs snap back if no deal is reached. The US is pushing for greater access to India’s agricultural and dairy markets and the entry of genetically modified crops — all long-standing red lines for New Delhi.
India is holding firm, citing food safety and rural livelihoods. Instead, it is demanding meaningful tariff concessions on labor-intensive exports like footwear, garments, and leather to protect jobs. Both sides are focusing on reciprocal tariff cuts, but political sensitivities threaten to derail talks. While President Trump promises a deal with "much less tariffs," failure could reignite trade tensions. Will this be a breakthrough or another breakdown?
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