US and India are in final trade negotiations ahead of a July 24 deadline to set tariff rates and address market access for US agricultural products. The visit by US official Greer is expected to finalize a deal after a year of strained relations.
US and Indian trade officials are in New Delhi for crucial talks to finalize an interim trade pact before a July 24 tariff deadline. The negotiations are significantly influenced by a US Section 301 investigation into India's excess manufacturing capacity and potential forced labor imports.
Government sources indicate no immediate plans to hike gold and silver import duties, despite calls to curb non-essential gold purchases. Meanwhile, India anticipates US trade talks addressing pending issues, including a Section 301 probe, though a comprehensive deal remains distant. India has contested US allegations of structural overcapacity, urging the termination of the investigation.
