India and US Near 10% Tariff Deal Ahead of Trump’s July 9 Deadline

Officials from India and the United States have begun two days of closed-door trade negotiations, with both sides aiming to finalize an interim tariff deal. The push for near-term tariff reductions is part of a broader strategy to integrate supply chains, manage political pressures, and reshape digital-era trade cooperation.

Negotiators are working to wrap up an agreement ahead of a July 9 deadline set by President Donald Trump. Discussions focus on lowering tariffs in key sectors like agriculture and automobiles, while also addressing measures to expand market access. A draft agreement features tariff adjustments and quota-based concessions, with a formal announcement expected by late June.

India’s negotiation team is led by chief negotiator Rajesh Agrawal, while the U.S. delegation is headed by senior officials from the Office of the United States Trade Representative. The U.S. seeks greater access to India’s agricultural and dairy sectors, while Indian officials advocate for improved terms for domestic exports and stronger collaboration on supply chain initiatives.