India US Trying To Finalise Interim Trade Deal Before Jul 9: Sources

India and the US are engaged in negotiations for an interim trade deal and are trying to finalise the pact before July 9, sources said on Monday.

- Press Trust Of India

The high tariffs announced by the US on April 2 were suspended by the Trump administration till July 9.

The US, on April 2, imposed an additional 26 per cent reciprocal tariff on Indian goods but suspended it for 90 days. However, the 10 per cent baseline tariff imposed by America remains in place. India is seeking full exemption from the additional 26 per cent tariff.

"We are very keen, we are engaged, we are trying. Both sides are trying, but both sides have to be happy,” sources said when asked if the two countries are keen to finalise an interim trade agreement by July 9.