India-US Mini Trade Deal: India – America Mini Trade Deal!

Negotiations on a trade agreement between India and the US are in full swing. At this time, it seems that a mini trade deal (interim trade agreement) will be reached between the two countries (India-US Mini Trade Deal). Relevant sources have revealed that it may be finalized within 48 hours and that talks are underway in Washington towards that end.
Agriculture & Dairy Sector – Major Pitfalls
The India-US trade agreement focuses on agriculture, automobiles, industrial goods, and labor-intensive products. There are pitfalls between the two countries, especially in the agriculture and dairy sectors. India is not ready to open its dairy product market to foreign companies. On the other hand, the US is seeking concessions for certain types of industrial goods and the automobile sector. It is seeking to gain in electric cars, wines, petrochemicals, dairy, apples, nuts, and genetically modified crops. The 26 percent tariff imposed by the Trump administration on imports from India will not take effect until July 9. The baseline tariff10 percentHowever, during these talks, India is seeking a concession on the 26 percent tax.

Trump’s tariff deadline – key moment
On the other hand.. on the trade agreement (India-US Mini Trade Deal). It is known that news came yesterday that the key announcement may be made before July 8. Rajesh Agarwal, Special Secretary of the Department of Commerce, who is leading these discussions , is in Washington and has started the final round of negotiations. The suspension of tariffs imposed by Trump will be in effect only until July 9. Because the US President (Trump) has revealed that he has no intention of extending this deadline again. He said that the tariffs will come into effect very soon. In this context, it seems that a mini trade deal may be done.
The benefits of the mini trade deal
will reduce the tariff burden on imports.
Business relations between the two countries will be revived.
New opportunities for labor-intensive industries.

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