India and the US are in the final stages of trade deal negotiations, with a July 24 deadline looming. A key sticking point is Section 301 of the US Trade Act, which India fears could lead to the re-imposition of tariffs. Experts suggest a 10% chance of missing the deadline, which would revert talks to MFN tariffs and potentially stall market access discussions.

India aims for a competitive tariff advantage over regional peers in negotiations for a crucial US trade deal.

India seeks tariff safeguards and improved market access before finalizing a trade deal with the US amid ongoing negotiations.

India and the US are pushing for an interim trade pact, with high-level talks led by Piyush Goyal and Jamieson Greer aiming for a deal before July 24. Both nations emphasize a…