US-India Trade Tensions Escalate: Tariff Threats Loom as Negotiations Intensify Over Agriculture and Auto Sectors

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US-India Trade Tensions Escalate: Tariff Threats Loom as Negotiations Intensify Over Agriculture and Auto Sectors

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Listeners, significant shifts are unfolding in US-India trade as President Donald Trump’s administration pushes hard on new tariffs and trade deadlines. A high-stakes round of negotiations just concluded in Washington, aiming to secure an interim deal before August 1, when a tariff relief period expires. Without an agreement, Indian exports could be hit by tariffs as high as 26 percent, a move that would impact billions in trade value according to commerce ministry officials and coverage by Azernews and The Financial Express.

Central to these trade talks are agriculture and automobiles. The US is demanding greater agricultural access to Indian markets, particularly for genetically modified crops such as soya and corn. Indian farmer groups like the Indian Coordination Committee of Farmers Movements are strongly resisting, arguing that GM imports would devastate domestic agriculture and rural livelihoods. With elections looming in India, the government is cautious about provoking farmers and has so far declined to include agriculture in any immediate deal, as reported by The Financial Express.

Automobiles are another sticking point. The Trump administration has set a 25 percent tariff on passenger vehicles and certain auto components from India since May. India’s government says this threatens nearly three billion dollars’ worth of exports but the US insists the measure is justified under national security exemptions. India has challenged these tariffs at the World Trade Organization, but the US claims they cannot be challenged under WTO rules.

All of this unfolds against a larger backdrop of escalating tariff threats. President Trump has recently warned that member states of BRICS, including India, could face a blanket 10 percent tariff on exports to the US if the group continues to pursue alternatives to the US dollar. The Times of India and Hindustan Times report Trump’s tough rhetoric against BRICS and insistence on protecting dollar dominance. At the same time, trade data shows that despite a baseline 10 percent reciprocal tariff already in place, India’s exports to the US rose 22 percent from April to June, while imports grew by 12 percent, as reported by the Indian Panorama.

Yet none of the proposed new tariff rates for India have been formally finalized, even as the revised tariffs for other countries range between 25 and 40 percent. Trump’s administration has unilaterally hiked tariffs for 24 countries and even threatened rates up to 50 percent, particularly on Brazil. Meanwhile, Trump indicated in a recent Real America’s Voice interview, referenced by DD News, that he might impose a 10 to 15 percent tariff on smaller countries as a negotiation tactic to reduce the US trade deficit.

Amid these tariff threats and ongoing negotiations, India and the US aim to deepen their strategic economic partnership, with both sides hoping to reach not just an interim deal, but a comprehensive bilateral agreement by the end of the year.

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