https://www.taxtmi.com/news?id=49337 India and the United States have commenced renewed negotiations on a proposed bilateral trade agreement focused on sectoral market access and tariff concessions. The US seeks concessions on industrial goods, automobiles, petrochemicals and selected agricultural items; India resists dairy duty cuts and seeks concessions for labour intensive exports. India maintains a firm stance on dairy, seeks easing of tariffs on steel, aluminium and autos, and reserves the right to invoke WTO norms to impose retaliatory duties. Parties aim for a first tranche by fall, with completed elements packaged as an interim agreement. en-us Mon, 14 Jul 2025 14:01:04 +0530 Mon, 14 Jul 2025 14:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=49337 India and the United States have commenced renewed negotiations on a proposed bilateral trade agreement focused on sectoral market access and tariff concessions. The US seeks concessions on industrial goods, automobiles, petrochemicals and selected agricultural items; India resists dairy duty cuts and seeks concessions for labour intensive exports. India maintains a firm stance on dairy, seeks easing of tariffs on steel, aluminium and autos, and reserves the right to invoke WTO norms to impose retaliatory duties. Parties aim for a first tranche by fall, with completed elements packaged as an interim agreement. News - Mon, 14 Jul 2025 14:01:04 +0530 https://www.taxtmi.com/news?id=49337