Trump Signals End to Tariff Pause After July 9; India Extends Trade Talks in U.S.
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Summary: Donald Trump has confirmed that the 90-day pause on additional tariffs will not be extended beyond July 9. Meanwhile, India’s trade team is staying longer in Washington to push for a deal that could help avoid steep new duties.
U.S. President Donald Trump has announced that the temporary suspension of new global tariffs, which ends on July 9, will not be extended. The decision comes even as trade talks with India continue, prompting India’s delegation to extend its stay in Washington in hopes of sealing a last-minute deal.
The Indian team is attempting to gain a permanent exemption from the planned 26% tariff, particularly for steel, textiles, and auto parts. They are also negotiating market access for essential agricultural products such as almonds and dairy, as well as ensuring that future taxes would not be imposed suddenly.
Trump’s administration has made it clear: only countries that show "substantial progress" in negotiations will have a chance to avoid new tariffs. U.S. officials, including Treasury Secretary Scott Bessent and advisor Stephen Miran, emphasized that India must offer concessions and reciprocal access to maintain favorable terms.
With just a few days left before the deadline, both parties are rushing to finalize a first-phase trade agreement, which could stop new tariffs and set the stage for a broader deal by the end of 2025.
If the negotiations fail, India may face elevated tariffs on numerous products, which would adversely affect industries and commerce between the two countries. The upcoming days will be crucial in determining if diplomatic efforts can prevent the global trade war from escalating.
