The U.S. and India are engaged in trade negotiations ahead of a July 9 deadline, when a 26% reciprocal tariff on Indian goods is set to take effect. Recent reports indicate that these talks have encountered challenges, particularly concerning tariffs on auto components, steel, and agricultural products.
Indian officials are seeking exemptions or reductions to mitigate adverse effects. The outcome of these negotiations will be pivotal in shaping the future economic relationship between the U.S. and India.