India Rejects US Ultimatum on Trade Deal
India and the US are in the final stages of bilateral trade negotiations, facing significant hurdles in sectors like dairy, agriculture, digital, and medical services. The US is pushing for increased market access, while India seeks a more balanced agreement protecting domestic interests, leading to disagreements over tariff reductions and sanitary standards. Negotiations, currently virtual, aim to reach a deal before the July 8th deadline to avoid reinstated tariffs. Despite challenges, Indian officials remain optimistic about achieving a mutually beneficial agreement.
John Q. Hosedrinker