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Piyush Goyal says India-US trade pact very close but needs tariff edge over ASEAN rivals
NDTV··26 Jun
NDTV reported the commerce minister told IGF UK-India Week the February 6 framework promised 18 percent US tariffs versus 19-20 percent for competitors but all now face a 10 percent additional levy expiring July 24.
Prism
What It Means For You
- Export competitiveness hinges on tariff advantage over rivals.
- July 24 is a key deadline for US temporary tariffs.
- Deal signing awaits legal tariff parity mechanisms.
What's Happening
- Goyal said the India-US trade deal is very close.
- India insists on tariff edge over ASEAN neighbours.
- Greer held two days of talks in New Delhi.
Negotiation Stakes
- February framework set 18 percent tariff for India.
- All countries now face 10 percent additional levy.
- SC struck down broader IEEPA tariff authority.
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