India-US Interim Trade Deal Nears Completion With Announcement Expected Within 48 Hours Ahead of July 9 Tariff Deadline

33 posts • GPT (4.1 mini)

Updated Jul 3, 2025, 01:28 PM

India and the United States are close to finalizing an interim trade deal, with a formal announcement expected within the next 48 hours. The deal aims to provide a temporary resolution on tariffs ahead of the July 9 deadline, when the pause on reciprocal tariffs imposed during the Trump administration is set to expire. Negotiations are ongoing in Washington, with both sides working to iron out remaining differences. Indian officials are reportedly seeking greater access for labor-intensive industries while maintaining firm positions on protecting farmers' interests.

The mini trade agreement is expected to exclude some complex sectors for later discussions. Reports also indicate that India may permit imports of genetically modified animal feed such as maize and soybean under the agreement. White House Press Secretary Karoline Leavitt confirmed that the trade deal is nearing completion and that an announcement from President Donald Trump and his trade team is imminent.

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Sources

indiatoday.in(4)reuters.com(4)moneycontrol.com(3)ndtv.in(2)

NDTV India

@ndtvindia

What is the opinion of APEC, CIAA and FIEO on the interim trade deal between India and US #India #America

The Frustrated Indian

@FrustIndian

🚨: India is taking a firm stance against US pressure in the proposed trade agreement, regarding reduced tariffs on American agricultural imports such as maize and soybean !!!