https://www.taxtmi.com/news?id=52711 Negotiations for the bilateral trade agreement may be deferred after the US imposed an initial 25 per cent tariff and announced an additional 25 per cent penalty tariff tied to certain purchases, increasing pressure on the scheduled sixth round. The US is seeking greater market access in agriculture and dairy, which India rejects to protect small and marginal farmers; both sides still aim to conclude first-phase talks by the fall of 2025 while pursuing a long-term trade expansion target. en-us Sat, 16 Aug 2025 22:31:04 +0530 Sat, 16 Aug 2025 22:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=52711 Negotiations for the bilateral trade agreement may be deferred after the US imposed an initial 25 per cent tariff and announced an additional 25 per cent penalty tariff tied to certain purchases, increasing pressure on the scheduled sixth round. The US is seeking greater market access in agriculture and dairy, which India rejects to protect small and marginal farmers; both sides still aim to conclude first-phase talks by the fall of 2025 while pursuing a long-term trade expansion target. News - Sat, 16 Aug 2025 22:31:04 +0530 https://www.taxtmi.com/news?id=52711