India is still conducive to some criticism from the mutual tariff in the United States before the deadline on August 1

With the deadline on August 1 of the mutual tariff that is rapidly approaching and a temporary trade agreement that seems unlikely, India remains optimistic that the United States takes a more soft position regarding its exports.

“Every person in the waiting and monitoring situation is still in the early days to understand what will happen in relation to mutual definitions. But given the great progress in bilateral trade talks and good relations between the two countries, we are still optimistic that the United States will take a more lenient view on imposing a mutual tariff on Indian boats,” the sources said to this development.

“We hope that the United States will give some creativity to India for the definitions, given that the commercial deal is already to negotiate,” they added.

US President Donald Trump said mutual definitions will be imposed on imports from several countries. In India, the United States has proposed a 26 % tariff, which includes 10 % foundation tariffs across countries that are already in force.

After Prime Minister Narendra Modi’s visit to Trump’s interview in February, India and the United States decided to double bilateral trade to $ 500 billion by 2030, and also negotiated the first separation of a bilateral trade agreement by the fall of 2025. It was expected that a temporary trade agreement was expected.

However, despite five rounds of negotiations between India and the United States, a temporary trade deal is still far -fetched before August 1. A team from the United States of India is expected to visit India in August to follow up on the talks. Officials are still confident that the first tranche of BTA will be completed by September or October this year, as part of the deadline.

The main adhesion points remain India’s position on agricultural crops, dairy and GM crops, as New Delhi indicated that it cannot access the United States. The decrease in the auto tariff was also a request for the United States that India did not prefer. Meanwhile, India from the United States wants to get rid of steel and aluminum definitions by 50 % and cars by 25 %. India also hopes for the preferential treatment of its intensive exports in low -tariff workers.

Indian farmers’ organizations wrote to the government asking them not to reduce their position regarding agriculture and dairy products.

Meanwhile, before the deadline on August 1, Indian exporters again began discussions with buyers to assess how to prosecute requests and shipments in the event of a higher tariff by the United States. The sources hope that the high tariff will be divided with buyers instead of having to pay the full amount, which will increase the cost of these goods.