India seeks to get US deal at lower tariff than Indonesia

The US and India are working towards a deal that would reduce proposed tariffs to below 20%

- Bloomberg

Indian officials are hoping to secure a trade deal with US President Donald Trump at a lower tariff rate than he'd agreed with Indonesia as New Delhi races to meet an Aug. 1 deadline.

Trump said Tuesday the US will impose a tariff rate of 19% on imports from Indonesia, down from a threatened 32%, and will be able to ship American goods to the country tariff-free. The US president later told reporters that the India deal would be “along that same line” and “we're going to have access into India.”

India is seeking more favorable rates than Indonesia and the 20% tariff Trump has said he'll impose on Vietnam, officials in New Delhi said, asking not to be identified because the discussions are private. The US and India are working toward a deal that would reduce proposed tariffs to below 20%, Bloomberg News previously reported, with a negotiating team currently in Washington to advance the talks.