Tariffs loom, talks linger as India holds ground on US deal
In contrast, Trump has signed pacts with more than a handful of countries, including Japan, Vietnam, Indonesia, and the Philippines, in the past few days, besides dispatching tariff letters to over 20 more with effective rates from August. However, India isn't in a hurry, and as Goyal mentioned, negotiations are rarely successful when constrained by timelines.
The delay in the India-US deal comes down to real differences. One is America's push for deeper access into India's farming and dairy sectors. India isn't ready to make those concessions, knowing their local impact could be serious. On the other hand, India has asked the US to ease duties on steel, aluminium and car exports — a request that remains on the table.
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