Trump shows softness before the trade deal, the sword of tariff on India was postponed till 1 August
America-India Suspense remains intact on the trade deal. Meanwhile, US President Donald Trump has taken a soft stand. Trump has postponed the decision to impose counter -tariffs on India till 1 August. This decision will provide relief to Indian exporters. At the same time, India and America will get extra time to resolve the pending issues to finalize the trade deal agreement. The Trump administration on Monday sent ‘letters’ to various countries that details the fees levied by the US on the products of those countries. However, India was not included in these countries. Let us tell you that on April 2, the US had announced an extra tariff of 26% on Indian goods, but postponed it for 90 days. This date is ending on 9 July. Now it has been extended till 1 August.
America India’s largest trade partner
America has been India’s largest trade partner since FY 2021-22. Bilateral trade of goods stood at US $ 131.84 billion in 2024-25. This includes exports of $ 86.51 billion, import of $ 45.33 billion and trade surplus of $ 41.18 billion.
These countries get a shock of tariff
Bangladesh, Bosnia & Hergegovina, Cambodia, Indonesia, Japan, Kazakhstan, Lao People’s Democratic Republic, Malaysia, Serbia, South Africa, South Korea, Thailand and Tunisia have been sent letters signed by Trump. The President of the US has extended the period of postponing the extended fees on several other countries in a separate executive order. The 90 -day suspension at the fee was to end on July 9. Commenting on the decision, exporters said that postponing counter -duty from July to August 1 reflects the US’s desire to create a constructive association with its business partners.
Relief for India
International business expert Vishwajit Dhar said that it is a relief for India. He said that I consider it a matter of relief and this response came due to India taking a tough stance on some issues. Sharad Kumar Saraf, a Mumbai -based exporter and founder of Technocraft Industries (India), said US President Donald Trump is “very unexpected” person. Saraf said that the duration of the fee suspension is very short. Indian exporters should explore new markets to increase exports. India and the US are negotiating on bilateral trade agreement. He has aimed to complete the first phase by this year’s autumn (September-October). According to officials, India has already made its stand clear to the US officials on the interim trade agreement and now the US has to decide.
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