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Context:
Indian negotiators are in the U.S. to finalize a mini trade deal ahead of the July 8 deadline. The urgency stems from the expiration of a 90-day pause on U.S. tariffs—dubbed “Liberation Day” tariffs—set to resume on July 9 if no deal is reached.
Key Issues in Negotiation
- Tariff Threat: If no agreement is signed by July 8, Indian exports to the U.S. will face a 26% tariff starting July 9.
- U.S. Demands:
- Entry of Genetically Modified (GM) Crops into the Indian market.
- Export of Cow Milk and Dairy Products to India.
- India’s Concerns: India has longstanding regulatory and health concerns over GM foods and animal welfare issues related to dairy imports.
- Stalled Points: Removal of reciprocal tariffs remains unresolved, hindering the finalization of the agreement.
