India braces for higher US tariffs, eyes broader trade deal
Instead, New Delhi plans to resume broader trade negotiations when a US delegation visits in mid-August, with the goal of finalising a comprehensive bilateral agreement by September or October, one of the Indian officials told Reuters.
'Talks are progressing well, and a delegation is expected in Delhi by mid-August,' one of the Indian government officials said, adding that President Donald Trump could issue a tariff letter imposing duties of 20 or 25% in a 'worst-case scenario'.
'However, we assume it would be a temporary measure, considering the five rounds of trade talks that have taken place. A deal will soon be worked out,' the official said.
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