Indian team reportedly already in the US to negotiate trade dealIndian trade minister says that trade talks with the US are going at a fast pace.
Note:
Trump sent a “letter” to India—informing them of at least a 25% reciprocal tariff on all imports starting August 1
This announcement aligns with the extension of a 90-day tariff pause (initially set for April and delayed past July 9) toward August 1
Additionally, as part of his broader trade policy, Trump said that BRICS-aligned nations (which include India) would face an extra 10% tariff, potentially raising India’s total to around 35%
This article was written by Greg Michalowski at www.forexlive.com.