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Informist, Saturday, Jul. 26, 2025

 

--Govt source: US team to visit New Delhi in Aug for trade deal talks 
--Govt source: Next round of trade deal talks with US in Aug 2nd half 
 

NEW DELHI - A delegation from the US will visit New Delhi in the second half of August for the next round of negotiations for the proposed trade deal between the two countries, a commerce ministry official said Saturday. Both sides concluded the last round of negotiations on Jul 18.

 

The next round of discussions is scheduled after Aug. 1, when Washington's country-wise reciprocal tariffs are likely to kick in. There is no clarity yet whether the US will levy reciprocal tariffs on Indian goods. Meanwhile, Indian industry is still hopeful that a preliminary deal would be announced soon--before the US' country-wise reciprocal tariffs kick in. US President Donald Trump, who has been sending individual letters to nations, informing them about the reciprocal tariffs due to hit them, has not yet announced any duty for India.

 

While on Apr. 2, Trump had announced 26% reciprocal tariff on Indian goods, it is not clear whether the president will stick to the same level if he does issue a tariff letter to New Delhi. The tariffs mentioned in the latest letters sent to some countries so far are different from what was unveiled for them in April.

 

If imposed, reciprocal tariffs may significantly hurt India's export growth, as the US is India's top export destination with a share of over 15% in total outbound shipments. India exported goods worth $86.51 billion to the US in the financial year 2024-25 (Apr-Mar) and had a trade surplus of $40.82 billion during the period, according to commerce ministry data.  End

 

End

US$1 = INR 86.51 

 

Reported by Krity Ambey

Edited by Vandana Hingorani

 

 

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