India-US Trade Pact Progress: Key Details & Outcomes

  Published 1 year ago

India-US interim trade deal nears, aiming for $500B by 2030, with concessions on nuts and steel, but resisting wheat/dairy access.

  • India resisted US demands for wheat/dairy/corn access but offered tariff relief on almonds, pistachios, and walnuts.
  • India sought steel tariff exemptions, but Washington declined, keeping complex issues for a second-phase deal.
  • Trump aims to finalize the first phase pact before the 90-day tariff suspension expires, with a second tranche planned for fall.

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