Fresh off President Trump’s trade pact proclamation with India, the White House reveals sustained negotiations on pivotal snags. Interim outlines are set, but tariff and non-tariff tussles endure.
Insights from a fact sheet trail Friday’s Trump-Modi huddle: interim accord framework buy-in, bilateral trade expansion recommitment.
Dialogues target lingering tariffs, non-tariff extras, trade tech blocks, duty ease, facilitation, regs polish. Plus: services, invest, IP, labor-eco, procurement, state co. distortions.
Talks rage, yet interim wins activate pronto. Trump shelves 25% India import surcharges for Russia’s oil snub—order signed.
US counters with 25-to-18% tariff trim, crediting India’s imbalance/security plays. India promises US shop spree, barrier busts; rules craft for duo dominance.
Digital deal: tax nix, rules nix duties/discrim on online flows.
Security pact: chain steel, innovate fuel, tech team-up. India’s US good duties—37% crops, 100%+ cars—spotlight reform need.