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of <h1>India and US Pursue Interim Trade Deal to Boost Bilateral Commerce, Targeting $500 Billion by 2030</h1> India and the US are negotiating an interim trade agreement before July 8, with India seeking full exemption from the 26 percent additional tariff. Both countries aim to resolve trade barriers and boost bilateral trade to USD 500 billion by 2030. India wants duty concessions for labor-intensive sectors, while the US seeks reductions in industrial goods, electric vehicles, and agricultural products. The negotiations are ongoing, with a potential first-phase agreement targeted for fall this year.
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