India wants an extension of the tariff break for a balanced BTA | Photocredit: Egromov
The US stimulates a hard bargain with India in the current bilateral trade agreement (BTA) negotiations that oppose dedication in the event of a complete reversal of mutual and sector -specific levies, while evoking its own demands on market access and coverage, sources have said.
“Now that the US is playing hard ball, India now weighs when there is a merit in a waiting and watch approach to see what other countries are achieving in the trading spacts where they with the US with negotiations. If we agree with a deal and then realize that another country would protect more tariff reductions, one source that followed the development of the development,” “that the development followed the development,” “” ” line.
Further expansion
New Delhi hopes for a further expansion of the 90-day break period for mutual rates, after July 9, to give more time for a balanced deal, the source said.
It is not clear to India under what conditions the US would remove the mutual tariff threat and the 10 percent basic line rates would roll back that influence the soil lines and orders.
“The US requirements for rates are stiff and include steep rate reductions in sectors, including cars, motorcycles, medical equipment, processed food and an abundance of agricultural articles, some of which are difficult to touch due to economic sensitivities,” the source said.
Moreover, the US wants other areas to be included in the deal, such as digital trade, norms and government assignments, and their goal posts are constantly shifting, the source added.
Trump –
On April 2, US President Donald Trump announced mutual rates for most trading partners with trade surpluses. India was beaten with 26 percent rates, while his competitors such as Vietnam, Bangladesh and Indonesia were hit with higher taxes.
Most of these rates, apart from a basic line of 10 percent, were paused for a period of 90 days to give countries time to stop trading spacts with the US.
“Although the mutual tariff and the already applied baseline rates are large obstacles for business, Trump’s sector -specific rates for steel and aluminum, which are now increased to 50 percent, also harm exports considerably,” the source said.
In fact, no new orders are placed or searched for technical goods that are affected by the 50 percent rates, because buyers, sellers or consumers can absorb the steep levies according to EEPC India.
The US has not yet given certainty about tackling the full mutual rates and sector -specific rates, including steel and car, the source said.
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Published on June 15, 2025
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