India is being finalized by an interim trade agreement with the United States before July, aimed at softening the imminent reciprocal prices of President Donald Trump, according to the officials cited in a Bloomberg report.
The proposed agreement is structured in three tranches, the first phase likely to include better access to the market for American industrial goods, certain agricultural products and the relaxation of certain non -tariff barriers such as quality control standards, the report indicates.
The Minister of Commerce, Piyush Goyal, is in Washington for a four -day visit, where he should meet the US trade representative Jamieson Greer and the secretary of commerce Howard Lungick to advance negotiations, according to the report.
The Indian Ministries of Commerce and External Affairs have not commented, or the US officials.
According to the officials cited in the report, a second phase of the agreement could be finalized between September and November, potentially aligning with Trump’s expected visit to India for the top of the quad leaders. This stage can cover the 19 key areas agreed in the mandate of April. A complete third -phase agreement, requiring American approval from the Congress, would probably follow in 2026.
Trade discussions were first launched after Prime Minister Narendra Modi’s February visit to the White House. The two leaders undertook to obtain victories at the start of the stadium before fall. However, signs of tension have emerged.
Bloomberg noted that India had hardened its negotiation position, even threatening reprisal rates. Trump, on the other hand, said publicly that India had proposed to eliminate prices on American goods – declarations not corroborated by Indian officials.
The tensions were even more egious after Trump suggested that his commercial lever effect played a decisive role in negotiating a ceasefire between India and Pakistan following a four-day military dead end-a New Delhi statement.
