Mini deal, max impact: 48 hours to avoid chaos! India-US trade talks at breaking point!

India and the US are racing to seal a trade deal ahead of American President Donald Trump’s July 9 deadline, when 26% reciprocal tariffs on Indian goods will kick in. Despite India’s chief negotiator Rajesh Agarwal and his team extending their stay in Washington for discussions, talks are stuck on certain issues on either side. Trump has suggested that extending the reciprocal tariff suspension period to beyond July 9 is unlikely. He has, however, also expressed hope of a trade deal with India in the coming days. Earlier this week, Trump emphasised that the United States and India are nearing completion of a trade agreement that would significantly reduce current tariffs, allowing fair competition between both nations. "I think we are going to have a deal with India … and if they do that, we are going to have a deal for much less tariffs," Trump said.