India Working On US Reciprocal Tariff Exemption, Interim Deal By July 8
India and the US are trying to negotiate an interim deal before July 8 to ensure full exemption from the imposition of 26 per cent "reciprocal tariff" on Indian domestic goods, government sources have said. The 90-day "pause" placed on the reciprocal tariff by the US will be lifted on July 9. The 10 per cent baseline tariff remains in place though.
