India-US Trade Deal Nears: Three-Week Tariff Extension Buys Time
New Delhi, July 8, 2025: India and the United States are on the cusp of an interim trade agreement, sources revealed today. A crucial three-week extension on tariff deadlines provides breathing room for ongoing negotiations.
The extension offers both nations time to resolve outstanding issues, primarily concerning agricultural products and tariffs on a range of goods. While significant progress has been made, key sticking points remain.
Despite ongoing trade friction, the US continues to be India’s largest trading partner. Bilateral trade between the two nations reached a staggering $131.84 billion in 2024-25, highlighting the economic interdependence.
This developing trade pact holds immense significance for India’s economic growth trajectory. A successful agreement could unlock new market access for Indian exporters and boost overall economic activity. The coming weeks will be crucial in determining the final shape of this potentially landmark deal.
