Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Unlock Watch Bulletin Free from White House
Trump’s second term Washington, your guide for what tools for business and world
India follows Donald Trump to seal an intermediate trade agreement with the United States to prevent the “Freedom Day” tariffs.
The United States would be among a large trade partner and the first to be a preliminary step for a comprehensive bilateral agreement between Washington and New Delhi. Two countries, they want to complete the first tranche of the full agreement with autumn, he said.
India 26 percent is the highest level among the highest tariffs against a large economy, the highest in April 2 under Trumm. The US president has set the deadline for new trade agreements to pay for July 9.
Rajesh Agarwal, who led the Indian delegation, tried to blow the latest details of the deal in Washington on Monday. Indian Foreign Minister Jaishankar is expected to talk about the US counterpart Marko Rubio on Tuesday or Washington on Washington.
According to the people who inform the talks, the transaction is expected to spare India’s large and adults Political agriculture marketsAlthough wheat and milk, though, although the tariffs are still, the talks still continue.
Wanting to not be named, the Government of the Indian Government, said that the agricultural markets are “very sensitive.”
Indian business briefing
India’s professional owner should read about business and policies in the world’s fastest growing large economy. Sign up for the newsletter here
India also agreed to more natural gas imports from the United States, which agreed to lower the trade surplus of about $ 41.2 billion for the 2024-2025 fiscal year.
The parties agreed on the discounts of tariffs on one or both sides in thousands of items.
During the visit of Indian Prime Minister Narendra Modi to Washington, the Prime Minister decided to double the increase in bilateral trade for Washington. Thursday Trump promised “very large” trade deal “will open India.” The next day, he said the management was “looking for a complete obstacle to imagine.”
Agriculture and dairy products remain sensitive.
India managed to maintain the milk sector in other trade talks from the foreign competition, including Negotiations with the EU. According to the Sector, India’s government, many were reported to have a small owner.
In India, there are concerns that foreign dairy products can come from the cows in feed, cattle products, and are extremely restrictive for religious turkey.
Another person with the negotiations is a direct knowledge, despite the pressure of industrial lobbies in India, despite the pressure of US industry, he agrees to import farm goods such as hazelnuts and fruits, he said.
On Monday, the White House spokesman Karoline Leavitt said that US officials are “concluding” trade agreements. “As for India, you will hear from the president and the team, the trade team and the trade team,” he said.
Modi’s government covered a more energetic trade agenda this year, has long closed an expected agreement With England In May, announce plans to get a pact by the end of the EU by the end of 2025.
New Delhi and Washington, in recent years in a shared front of China in recent years, are more closely defended, technology and diplomatic relations and Trump has He pushed India for the United States to buy more weapons to reduce trade deficit.
However, the Modi government has openly protested after claiming the trump to end a bloody contrast with Pakistan offered to mediate Over the controversial area of Kashmir.
