US–India Interim Trade Deal in the Works: Tariffs May Be Cut Below 20%
The United States is negotiating an interim trade agreement with India that could bring proposed tariffs below 20%, down from the previously discussed ~26%.
•India has not received a formal tariff threat notice like other countries, signaling a more cooperative approach.
•The interim deal would smooth trade flows while both sides work toward a full agreement expected later this year.
•This move puts India in a favorable position compared to other Asia-Pacific nations facing steeper U.S. tariffs.
No reviews yet.