A team of US officials will visit New Delhi next week as the two nations work to hammer out an interim trade agreement before July 9, an Indian official said on Thursday.
Trade negotiations between the countries are on track and a US team will be in the Indian capital from June 5-6 to continue discussions on a mutually beneficial deal, the official told reporters in New Delhi.
The South Asian nation is currently in talks with US for a trade deal structured in three tranches and is aiming for an early pact by July, when President Donald Trump’s reciprocal tariffs are set to kick in. Following a visit to the US earlier this month, India’s Commerce Minister Piyush Goyal said that he had a constructive meeting with his counterpart Howard Lutnick.
India is also studying the impact of the US court order on tariffs, the official said, asking not to be named citing rules.
US President Donald Trump’s global tariffs were deemed illegal and blocked by the US trade court on Wednesday, dealing a major blow to a pillar of his economic agenda.
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