US extends suspension of reciprocal tariffs to Aug 1

NEW DELHI: The US has extended the suspension of its April 2 reciprocal tariffs until August 1, a move which provides relief to Indian exporters and additional time for New Delhi and Washington to resolve pending issues to finalize an interim trade deal.

- MPOST BUREAU

India, which is negotiating a trade pact with the US, was not included in the list of countries that received tariff letters from the Trump administration on Monday. The Trump administration, on Monday, sent the first tranche of letters to various countries detailing the tariffs that the US will impose on products from those countries entering American markets from August 1.