India-US Trade Deal: Aug 1 Deadline Nears… Will The Deal Be Sealed In Time? Piyush Goyal Shares Major Update | World News
New Delhi: This week, a small group of Indian trade negotiators landed in Washington this week. Their duties are urgent. Once again, they should try to solve the Indian-US trade agreement, which has long been going on for a long time and now looking at a difficult deadline.
The clock works.
US President Donald Trump, now in the second period of the White House, the recipe letters have already thrown the list of a long country. Japan, Brazil, South Korea, Thailand and Cambodia, each took a note – he clearly explained why new tariffs came. India did not take one. This is because the new Delhi and Washington still speak.
However, if there was no agreement before the deadline date, the letter could come.
Where do the talks stay stuck?
Washington wants India to drop its tariffs on American agriculture and dairy products. Milk, wheat, poultry and genetically modified soy, all on the table. However, the new Delhi does not move.
India’s position was clear. Farm sector, milk cooperatives, food safety architecture, can not get hit.
Union Trade and Industry Minister Piyush Goyal said that both sides should benefit. Agriculture Minister Shivraj Singh Chouhan repeated this line. No pressure. No compromise from farmers. No back door payments.
So far, India has kept these sectors away from most trade agreements, including England and Australia. The same applies here.
Indian team lands in Washington
The Indian delegation, led by special secretary Rajesh Agarwal, returned to the US capital, hoping to break the dead end. The aim is to find a formula that can be signed before the last date of August 1, and the US begins to slap tariffs throughout the board of directors.
Goyal says the talks move at “speed .. He confirmed that the Indian side focuses on preparing an agreement for both countries, talking to journalists. There is still time. Barely two weeks. However, the message is that the window will not remain open for a long time.
Trump’s Tariff Game Book
Trump is playing hardball again. Twenty -five countries have already been shot with a new tariff regime. Canada was slapped with 35 percent. Others saw higher. However, in the case of India, the US president gave a clue.
Talking about the global tariff strategy, he said that “Key Trade Partners” could see around 15 to 20 percent lower tariffs. And every country will not receive an official letter. If India regulates the agreement, it is a signal that it can escape the harshest penalties.
Why will India be budding in milk and agriculture
There is a deeper concern behind India’s difficult stance. According to a recent report from the Global Trade Research Initiative (GTRI), the large -scale entrance of subsidized USA Milk or Poultry Milk or poultry goods may damage India’s rural economy. Not only small farmers, but also food safety itself can be hit.
The report warns the doors against American cereals or opening genetically modified soybeans. When these products enter the Indian markets, they can displace local products and crush pricing structures. This is not only about trade margins, but also about the long -term sustainability of Indian agriculture.
Could an agreement still be?
If everything goes well in Washington, negotiators can bring together a limited package. There will be no fully developed foreign trade agreement (FTA). However, it may be enough to avoid Trump’s tariff bar. Enough to progress. It is enough to keep trade lanes open.
A senior official said that a breakthrough is still possible before August 1st. However, it depends on what each side is willing to give and each one insists on staying away from the table.
Until then, all eyes remain in the US capital.
