US President Donald Trump will now have to make a final decision on the highly anticipated India-US trade deal. India has made a "decent offer" as part of the ongoing negotiations, which the White House is currently reviewing.
According to sources, the Indian side has proposed a proposal that involves nearly $150 billion to $200 billion in goods trade between the two countries. The US administration is currently assessing the market access that American companies would gain under the proposed agreement.
Key Highlights
- India has presented a $150–200 billion trade proposal to the US; Trump to decide final outcome.
- President Trump delayed tariffs to August 1 and said a trade deal with India is nearing completion.
The US must now choose whether to accept the current offer or seek additional talks, according to sources. India is not expected to make any more concessions at this time.
Also Read: Trump Claims US Nearing Trade Deal with India Amid Tariffs on 14 Other Nations
New Delhi has stuck to its red lines, especially when it comes to the dairy and agricultural sectors. Key areas like wheat, rice, maize, dairy products, and genetically modified (GM) crops will not be compromised, according to sources. India has stated unequivocally that no trade agreement will include these delicate industries.
According to sources, the country is currently engaged in trade talks with other countries while also exploring all available options for expanding its export footprint.
