Negotiations for a mini trade deal between India and the United States are unlikely to conclude before the August 1 deadline set during the Trump administration, according to multiple reports. The talks involve complex issues including U.S. demands for a permanent end to India's so-called "Google tax," while India seeks protection from potential future U.S. tariffs on pharmaceutical exports. Both sides are also negotiating over technology levies, drug duties, and metal tariffs as they attempt to future-proof the agreement. Sources indicate that prospects for an interim trade deal ahead of the tariff deadline have dimmed, reflecting ongoing challenges in reaching a consensus.
India-US interim trade deal prospects dim ahead of tariff deadline, sources say https://t.co/yXVFZIPUL9 https://t.co/yXVFZIPUL9
India, U.S. mini trade deal unlikely before Aug 1, CNBC-TV18 reports https://t.co/DxrCTCJfYT https://t.co/DxrCTCJfYT
From Breakingviews - Breakingviews - Big Pharma pioneers the TOFU tariff trade https://t.co/INezFNiGrH https://t.co/INezFNiGrH