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Officials from India will extend their Washington visit to try to reach agreement on a trade deal with US President Donald Trump’s administration and address lingering concerns on both sides, two Indian government sources said yesterday.
Trade talks between India and the US have hit roadblocks over disagreements on import duties for auto components, steel, and farm goods, ahead of Trump’s July 9 deadline to impose reciprocal tariffs.
The Indian delegation had been expected to conclude discussions by last Friday, but was staying on until at least today to iron out differences and move towards an agreement, officials said.
“There are certain disagreements over opening up the agriculture and dairy sectors, though India has offered tariff concessions on 90 per cent of tariff lines. A final call will be taken by the political leadership of the two countries,” one of the government sources said.
“The Indian delegation could stay for another one to two days if discussions continue,” the second source said.
India’s commerce ministry and the US Trade Representative Office did not respond to requests for comment.
Agriculture and dairy are “big red lines” for India in its ongoing trade negotiations with the US, Finance Minister Nirmala Sitharaman told the Financial Express newspaper in an interview published yesterday.
“Yes, I’d love to have an agreement, a big, good, beautiful one; why not?” Sitharaman said, adding that an early conclusion of the trade deal would serve India better.
Trump said last week that America was going to have a “very big” trade deal with India, but gave no details.
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