Rahul Gandhi's forecast on trade deal: Modi will bow to Trump tariff deadline
Trump, who has previously called India a big abuser of tariffs and a "tariff king", had announced a 26% duty on Indian products as part of his April 2 "Liberation Day" reciprocal tariffs. The US President later suspended the tariffs for 90 days, allowing countries to strike a deal with the US.Thus, without an interim trade deal agreement, India must prepare for a 26% tariff.A major sticking point has been India's hard stance on not reducing tariffs on American agricultural imports such as maize and soybeans. The Trump administration's demand for wider access to the dairy sector, which employs over 80 million people in India, has also been a bone of contention.On the other hand, India has demanded greater access to US labour-intensive industries, including textiles, gems and jewellery, leather goods, and chemicals.The issue has not been resolved despite India's negotiating team, led by special secretary Rajesh Agarwal, extending their stay in Washington for discussions.Speaking at a business event in Delhi, Goyal underscored that India would not compromise the interests of farm and dairy sectors."India never enters into trade deals based on deadlines or time pressure. It should be a win-win agreement, and only when India's interests are safeguarded, if a good deal is formed, India is always ready to engage with developed countries," Goyal said.- EndsMust Watch
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Amid impasse over India deal, Trump says tariff letters for 12 nations signed
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34 minutes ago
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Dalai Lama dismisses succession buzz, vows to serve for 30-40 more years at 90
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