India-US trade deal: Indian team reaches Washington DC for fresh round of talks; Donald Trump's tariff deadline nears
India-US trade deal: As US President Donald Trump's fresh reciprocal tariff deadline of August 1, 2025 nears, a senior delegation from India's Commerce and Industry Ministry has landed in Washington DC.
The team will look to finalize an interim trade deal between India and the US.
India and the United States aim to resolve disagreements in key sectors, particularly agriculture and automobiles, whilst working towards a mutually beneficial trade agreement.
The US administration under Trump has extended the deadline for implementing additional tariffs on various nations, including India, until August 1, providing extra time for negotiations beyond the initial July 9 cut-off date.
Donald Trump has been on a tariff letter spending spree since last week, and has threatened high tariffs on over 20 countries. Notably, India has not received any such letter till now and Trump said last week that the US was nearing a trade deal with India.
Also Read |
India-US trade deal: Will Donald Trump go for less than 20% tariff rate for India? Top 10 developments to track
India-US Trade Deal Talks
According to an ANI report, discussions on the mini or interim
bilateral trade agreement
(BTA) between India and the US are expected to start Monday morning (US time) and will span across four days.
The Chief Negotiator and Special Secretary of the Commerce Ministry, Rajesh Aggarwal, is scheduled to participate in the talks from Wednesday, the report said.
The early arrival of the preliminary team before the chief negotiator indicates a systematic approach, where initial talks will likely address agenda setting and procedural aspects, followed by detailed negotiations with senior officials.
A few days ago, a Bloomberg report quoting sources said that the US is working on a trade deal with India, in which America will impose a tariff rate of less than 20%. This would be lower than the 26% tariff rate announced by Trump on April 2.
India and the US have expressed interest in expanding their trade relationships and bolstering their economic collaboration through diversified partnerships.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
An engineer reveals: One simple trick to get internet without a subscription
Techno Mag
Learn More
Undo
India maintains a significant trade relationship with the United States, which stands as one of its principal trading partners. American companies increasingly view India as a crucial market for their international expansion plans.
Also Read |
India-US trade deal: Opening India's dairy sector to America could cause huge losses; 'Rs 1.03 lakh crore annually…'
An official statement last week confirmed that Indian negotiators would visit the United States to advance the ongoing trade discussions.
Both nations have set a target to enhance their bilateral trade volume to $500 billion by 2030, with plans to establish a formal Bilateral Trade Agreement.
Officials from India's Department of Commerce have engaged in multiple discussions with their counterparts from the Office of the US Trade Representative to finalise a comprehensive trade agreement.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
12 minutes ago
- Time of India
RailTel shares in focus after securing Rs 264 crore deal for Kavach safety system
Shares of state-owned RailTel Corporation of India will be in focus on Tuesday after the company announced it has received a work order worth Rs 264 crore (inclusive of taxes) from East Central Railway for the implementation of the Kavach system—India's indigenous Train Collision Avoidance System (TCAS). The project involves deploying Kavach over 607 route kilometres of low-density railway track under the jurisdiction of East Central Railway. The contract is scheduled for completion by July 14, 2027. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Have Ringing in Your Ears, Read This - Before They Delete It Discovery America Last week, RailTel also secured a separate order worth Rs 17.47 crore from the General Administration Department (GAD) of Chhattisgarh. The scope of this contract includes the implementation of an integrated communication infrastructure comprising WLAN, LAN, EPABX systems, network connectivity, hardware procurement, commissioning, and long-term operations and maintenance. This project is expected to be completed by January 14, 2031. The latest contract adds to a string of significant orders RailTel has received in July, bringing its total order value for the month to over Rs 130 crore. Also Read: SBI, HDFC Bank among 10 banking stocks in Antique's top picks that may rally up to 50% Live Events RailTel shares target price According to Trendlyne data, the average target price for RailTel shares is Rs 270, implying a potential downside of 34% from current levels. The lone analyst tracking the stock has given a 'Strong Sell' recommendation. RailTel shares performance RailTel shares have gained 9% over the past six months and have surged 195% over the last two years. The company currently commands a market capitalization of Rs 13,148 crore. RailTel, a Navratna public sector undertaking under the Ministry of Railways, is one of the largest neutral telecom infrastructure providers in India. Also Read: Brokerages initiate coverage on Delhivery, 7 other stocks; up to 33% upside seen ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
13 minutes ago
- Economic Times
US Supreme Court clears way for Trump to gut Education Department
Synopsis The US Supreme Court allowed the Trump administration to proceed with dismantling the Education Department. This reverses a lower court order. The move enables the administration to transfer functions to other agencies. Critics fear this will harm the department's ability to fulfill its duties. Supporters claim it returns power to the states. Legal challenges continue in lower courts. Reuters FILE PHOTO: The sun sets at the U.S. Supreme Court building in Washington, U.S., November 29, 2021. The U.S. Supreme Court on Monday cleared the way for President Donald Trump's administration to resume dismantling the Department of Education, part of his bid to shrink the federal government's role in education in favor of more control by the states. In the latest high court win for Trump, the justices lifted a federal judge's order that had reinstated nearly 1,400 workers affected by mass layoffs at the department and blocked the administration from transferring key functions to other federal agencies. A legal challenge is continuing to play out in lower courts. The Supreme Court's action came in a brief, unsigned order. Its three liberal justices dissented. A group of 21 Democratic attorneys general, school districts and unions behind a pair of legal challenges had warned in court papers that Trump's shutdown efforts threatened to impair the department's ability to perform its core duties. Democracy Forward, a liberal legal group representing the school districts and unions, said the court's action "dealt a devastating blow to this nation's promise of public education for all children." "We will aggressively pursue every legal option as this case proceeds to ensure that all children in this country have access to the public education they deserve," said Skye Perryman, the group's president and CEO. Created by Congress in 1979, the Department of Education's main roles include administering college loans, tracking student achievement and enforcing civil rights in schools. It also provides federal funding for needy districts and to help students with disabilities. Federal law prohibits the department from controlling school operations, including curriculum, instruction and staffing. Authority over these decisions belongs to state and local governments, which provide more than 85% of public school funding. The department's Republican critics have portrayed the department as a symbol of bureaucratic waste, underlining the need for smaller federal government in favor of greater state power. In March, Trump sought to deliver on a campaign promise to conservatives by calling for the department's closure. "We're going to be returning education, very simply, back to the states where it belongs," Trump said on March 20 before signing an executive order to close the department to the "maximum extent" allowed by law. Trump said that certain "core necessities" would be preserved, including Pell grants to students from lower-income families and federal funding for disadvantaged students and children with special needs, though he said those functions would be redistributed to other agencies and departments. Trump in March directed that the department transfer its $1.6 trillion student loan portfolio to the Small Business Administration and its special education services to the Department of Health and Human Services. Although formally eliminating the department would require an act of Congress, the downsizing announced in March by Education Secretary Linda McMahon aimed to slash the department's staff to roughly half the size it was when Trump took office in January. McMahon called the court's action on Monday a "significant win for students and families." "The U.S. Department of Education will now deliver on its mandate to restore excellence in American education," McMahon wrote in a social media post. In her dissent, Justice Sonia Sotomayor wrote that the Supreme Court's action had handed the president "the power to repeal statutes by firing all those necessary to carry them out." "Lifting the (lower court's block) will unleash untold harm, delaying or denying educational opportunities and leaving students to suffer from discrimination, sexual assault, and other civil rights violations without the federal resources Congress intended," wrote Sotomayor, who was joined by fellow liberal Justices Elena Kagan and Ketanji Brown Jackson. Boston-based U.S. District Judge Myong Joun, an appointee of Democratic former President Joe Biden, had concluded in a May 22 ruling that the mass firings would "likely cripple the department." He ordered the affected workers to be reinstated and also blocked the administration's plan to hand off department functions to other federal agencies. The Boston-based 1st U.S. Circuit Court of Appeals on June 4 rejected the Trump administration's request to pause the injunction issued by the judge. The Justice Department in a court filing asking the Supreme Court to lift Joun's order, accused him of judicial overreach. The plaintiffs had warned that mass firings at the department could delay the disbursement of federal aid for low-income schools and students with special needs, prompting shortfalls that might require cutting programs or teaching staff. They also argued in court papers that Trump's shutdown effort would undermine efforts to curb discrimination in schools, analyze and disseminate critical data on student performance and assist college applicants seeking financial aid.
The Hindu
18 minutes ago
- The Hindu
Maharashtra hotel association held one-day strike to oppose duty hike on alcohol
Maharashtra's hospitality sector, consisting of bar and restaurant-based bars, held a Statewide ''No Alcohol' strike on Monday (July 14, 2025) opposing the Chief Minister Devendra Fadnavis' government's decision to hike excise duty. The Hotel and Restaurant Association of Western India (HRAWI) led the strike to counter the Maharashtra government decision to impose a 60% hike in excise duty, a 15% increase in annual FL3 license fees for Financial Year 26, and a 10% VAT on Indian-Made Foreign Liquor (IMFL) sold at FL3 outlets. 'The one-day strike to grab the attention of the government and make them understand that the tax hike will make everything expensive, which will affect businesses. Secondly, we want to look at it from the larger perspective of tourism, especially when we have got UNESCO status for so many monuments, State should be competent enough to serve tourist from across the country and from the abroad,' said Pradeep Shetty, member of Hotel And Restaurant Association (Western India) – HRAWI. The duty hike is also seen as a way to fund welfare schemes, including the Ladki Bahin initiative. HRAWI also wrote a letter to Deputy Chief Minister Ajit Pawar, referring to the proposed hike, which may cause a sharp rise in the retail prices of alcoholic beverages. It also mentioned the consequences that may cause financial strain on hospitality businesses already struggling with 10% higher license fees, 10% VAT, and rising operational costs. 'The annual excise license fees have also been revised upward by 15%, further compounding the burden on the industry. The final price of the product is likely to become the most expensive in the country, making Maharashtra a less competitive destination for tourists, impacting tourism and hospitality,' said Jimmy Shaw, President of HRAWI, in the letter.
