India continues to aim for a July deadline for the trade accord.
India-US Trade Deal Dynamics
• India is still working on finalizing a trade deal with the US, with the deadline set for July 8-9.
• An executive order signed by President Trump extends the suspension of higher tariffs until August 1, based on additional information and recommendations.
• A deal could materialize by the night of July 8, or “in a day or two”, but India could use the expanded August 1 window if the deal specifics do not suit them.
• The US has “spoken to everybody” and has made some trade deals, but most of them are expected to be sent a letter.
• India has placed its final proposals before the US, and the US has to decide whether to accept the deal.
• The main issues holding up a deal between India and the US are genetically-modified (GM) crops and dairy imports.