<h1>Trade Talks Progress: India and US Seek Tariff Reductions and Bilateral Trade Expansion Ahead of Key Deadline</h1> India and the US are negotiating an interim trade agreement before July 8, with India seeking full exemption from the 26 percent reciprocal tariff. Both countries aim to conclude the first phase of the bilateral trade agreement by fall, targeting to double bilateral trade to USD 500 billion by 2030. The negotiations involve duty concessions for labor-intensive sectors and addressing non-tariff barriers, with the US currently having suspended additional tariffs until July 9.