{"id":10097,"date":"2025-06-09T13:50:38","date_gmt":"2025-06-09T08:20:38","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=10097"},"modified":"2025-06-11T10:38:32","modified_gmt":"2025-06-11T05:08:32","slug":"indias-july-8-deadline-for-mini-deal-may-face-hurdles-after-us-doubles-metal-tariffs","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/indias-july-8-deadline-for-mini-deal-may-face-hurdles-after-us-doubles-metal-tariffs\/","title":{"rendered":"India\u2019s July\u202f8 Deadline for \u2018Mini-Deal\u2019 May Face Hurdles After US Doubles Metal Tariffs"},"content":{"rendered":"

India and the US<\/a> are locked in talks to finalize a scaled-down version of a Bilateral Trade Agreement (BTA) before July\u202f9, when new US reciprocal tariffs\u2014including a 16\u202fpercent levy on Indian goods\u2014are due to kick in. However, the US’s decision to raise steel and aluminium tariffs to 50\u202fpercent<\/em>, without exempting India, may derail these efforts<\/span> .<\/p>\n

Why the New Tariffs Create Roadblocks<\/h2>\n
    \n
  • \n

    The existing 90-day pause on country-specific tariffs ends July\u202f8; now a 50\u202fper cent universal tariff on steel and aluminium looms large <\/span>.<\/p>\n<\/li>\n

  • \n

    A source notes the absence of an India-specific exemption, and uncertainty over a 10\u202fper cent baseline tariff remains a key concern<\/span> .<\/p>\n<\/li>\n<\/ul>\n

    Important sentence: \u201cApart from the country-specific tariffs … the US has also imposed a 10\u202fpercent baseline tariff, which remains in place, on all imports.\u201d<\/em><\/p>\n

    High Stakes for Indian Exporters<\/h3>\n

    With July\u202f9 approaching, many Indian exporters have delayed shipments, fearing new costs or tariffs that could hit their margins <\/span>.
    Additionally, India is reportedly exploring WTO action, even as it continues bilateral negotiations<\/span> .<\/p>\n

    The Bigger Picture<\/h3>\n
      \n
    • \n

      The so-called \u201cmini-deal\u201d is a stepping stone toward a broader agreement aimed at doubling bilateral trade to $500 billion by 2030, originally agreed during PM Modi\u2019s visit to Washington<\/span> .<\/p>\n<\/li>\n

    • \n

      However, US demands\u2014such as ** reciprocity on tariffs, agriculture, and autos**\u2014remain sticking points <\/span>.<\/p>\n<\/li>\n

    • \n

      India’s Steel Minister has downplayed the impact of the 50% tariffs, calling them a \u201cminor\u201d concern\u2014but industry bodies warn of rising global input costs and re-routed cargo flows<\/span>.<\/p>\n<\/li>\n<\/ul>\n

      What’s Next<\/h3>\n
        \n
      • \n

        Talks have been extended into the following week, and negotiators are scrambling to meet the deadline<\/span>.<\/p>\n<\/li>\n

      • \n

        The US may offer temporary exemptions (as it did for the UK), but India\u2019s unique case remains unresolved<\/span> .<\/p>\n<\/li>\n

      • \n

        India might continue parallel efforts, including WTO proceedings and pushing for exemptions in the wider trade dialogue<\/span> .<\/p>\n<\/li>\n<\/ul>\n

        Takeaway<\/h3>\n
          \n
        • \n

          The US\u2019s doubling of steel\/aluminium tariffs to 50\u202fpercent, without India-specific relief, challenges the feasibility of a July\u202f8 mini-deal.<\/p>\n<\/li>\n

        • \n

          Exporters are cautious, shipments are paused, and trade talks have been extended.<\/p>\n<\/li>\n

        • \n

          India pursues both bilateral negotiations and global legal options, but uncertainty looms as deadlines near.<\/p>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

          India and the US are locked in talks to finalize a scaled-down version of a Bilateral Trade Agreement (BTA) before July\u202f9, when new US reciprocal tariffs\u2014including a 16\u202fpercent levy on Indian goods\u2014are due to kick in. However, the US’s decision to raise steel and aluminium tariffs to 50\u202fpercent, without exempting India, may derail these efforts […]<\/p>\n","protected":false},"author":2,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[1329],"class_list":{"0":"post-10097","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":1329,"user_id":2,"is_guest":0,"slug":"snehagandhi","display_name":"Sneha Gandhi","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/10\/Sneha-Gandhi.jpeg","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/10\/Sneha-Gandhi.jpeg"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/10097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=10097"}],"version-history":[{"count":3,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/10097\/revisions"}],"predecessor-version":[{"id":10166,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/10097\/revisions\/10166"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/10098"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=10097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=10097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=10097"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=10097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}