The US is also in the process of negotiating deals with other countries. If those deals materialise, India may lose its comparative tariff advantage vis-à-vis other countries,” the person said.
A trade delegation from New Delhi, led by chief negotiator and special secretary in the department of commerce, Rajesh Agrawal, has been in Washington, DC since the end of last week to hold further discussions on a trade agreement. The negotiations are expected to continue for the next two to three days. The ongoing in-person talks are crucial, given that the 90-day pause on the US’s plan to impose country-specific reciprocal tariffs ends on July 9.
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