India-US trade pact negotiations continue in Washington
India and the US are in last-minute talks in Washington, trying to strike a trade deal before July 9.
If they miss the deadline, the US will bring back a steep 26% tariff on Indian goods.
India is pushing for relief on exports like textiles and leather, but isn't keen on cutting duties for sensitive products like dairy and agricultural products like maize.
India pushing for relief on exports
If these talks fall through, it could get pricier for Indian exporters—especially those in jobs-heavy sectors—and make some products costlier in the US too.
Both countries also want bigger deals down the road, aiming for $500 billion in trade by 2030.
How this plays out could shape not just India-US ties but global trade patterns that affect what lands on your shelves (and at what price) in years to come.