Reuters: US and India intensify negotiations to reach a trade agreement before Trump's deadline
Reuters, July 2 report, U.S. and Indian trade negotiators are stepping up efforts to reach a tariff-cutting agreement before the July 9 deadline set by President Trump, but differences in dairy and agricultural products remain unresolved. Sources said that the Indian delegation has been in Washington for a week and may extend the talks, but will not compromise on key agricultural issues, including refusing to lower tariffs on U.S. genetically modified corn, soybeans, rice, and wheat. An Indian government source said the Modi government "does not want to be seen as sacrificing farmers' interests," but is willing to reduce tariffs on walnuts, cranberries, medical equipment, cars, and energy products. U.S. sources said both sides are "close to reaching an agreement," and negotiators have prepared possible announcements, emphasizing that "both sides recognize the strategic importance of reaching an agreement." Previously, Trump said that a reciprocal agreement could help U.S. companies enter the market of 1.4 billion consumers in India. At the same time, he expressed pessimism about negotiations with Japan, threatening to raise tariffs on Japanese goods to 30% or 35%. The Office of the U.S. Trade Representative and the Indian embassy in the United States did not comment.
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