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2025-07-30 16:56:19
[India-US Trade Puzzle: Can a Fall Deal Defuse the Crisis?] ⑴ Despite the possibility of additional tariffs imposed by US President Trump on India this week, Indian officials plan to continue negotiations with the US on a bilateral trade agreement. ⑵ Sources familiar with the matter revealed that India has set a goal of concluding a comprehensive trade agreement by this fall. ⑶ However, with higher US tariffs set to take effect on August 1, India is generally pessimistic about whether an interim agreement can be reached with the Trump administration before then. ⑷ Sources indicate that even if India does face higher import tariffs this week, it will view any interim agreement as a transitional measure. ⑸ Ultimately, India hopes to fully resolve the current trade friction through a broader bilateral agreement in the fall.
