Amid Trade Stalemate with India, Trump Signs Tariff Letters for 12 Nations
Amid Trade Stalemate with India, Trump Signs Tariff Letters for 12 Nations Amid growing uncertainty over the possibility of an interim trade agreement between India and the United States before the July 9 deadline, U.S. President Donald Trump announced that he has signed letters notifying 12 countries of upcoming reciprocal tariffs. These letters are set to be dispatched on Monday, with the tariffs scheduled to take effect on August 1. This timeline allows additional space for negotiations with countries like India, which have yet to finalize a trade deal with Washington. A senior Indian official revealed that agriculture remains a major sticking point in the talks. India has taken a firm stance on protecting its agricultural sector, although it has expressed readiness to reduce import duties on a broader range of products. Historically, India has been cautious in trade agreements involving agriculture, largely to safeguard small-scale farmers. India's negotiating team, led by...
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