Overview
- U.S. Trade Representative Jamieson Greer will meet Commerce Minister Piyush Goyal in New Delhi for two days of ministerial talks on June 23–24 to put “final touches” on the phase‑1 framework.
- Indian officials say the framework agreed in February is finalised but cannot be implemented until tariff treatment gives Indian exporters a competitive advantage over regional peers.
- A U.S. Supreme Court ruling forced Washington to replace its earlier reciprocal tariffs with a temporary 10% duty that expires on July 24, creating a hard deadline for a new tariff regime.
- The Office of the U.S. Trade Representative has opened Section 301 investigations and proposed a 12.5% additional tariff on 54 countries, with public hearings set for early July, adding legal uncertainty to talks.
- If ministers do not agree before the July deadlines, exporters could face changed or higher duties; the February framework proposed U.S. cuts to about 18% for Indian goods in return for large Indian purchase commitments.