India seeking U.S. trade accord by July 8.

• India’s negotiators in the U.S. are conducting final negotiations for a “mini trade deal” by July 8.

• The main hindrances to an agreement include the entry of genetically modified crops and cow milk into India, and the removal of reciprocal tariffs.

• This comes after U.S. President Donald Trump hinted at a “very big” deal with India.

• If the 90-day pause on “Liberation Day” tariffs is not extended or a trade deal is not reached, Indian exports to the U.S. will be subject to a 26% tariff.

• Sources suggest U.S. and India are at loggerheads over the import of GM crops and cow milk.