🇮🇳🇺🇸 India-US Mini Trade Deal 2025 – Final Decision in 48 Hours, Tariff Around 10% | Key Updates
📅 Updated on: July 7, 2025
✍️ Author: Bihar Job Notification Team
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📰 What’s Happening?
India and the United States are on the verge of signing a mini trade deal that could be finalized within the next 48 hours, according to credible news reports. This comes just before the July 9 tariff deadline, where both countries risk imposing higher import duties on each other’s goods.
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📌 Highlights of the Deal
Topic Details
🧾 Type of Deal Mini Trade Agreement (Goods Only)
📆 Likely Finalization Within 24–48 Hours (Before July 9)
🎯 Tariff Impact Average Tariff Likely Around 10%
🏛️ Excluded Sectors Agriculture, Dairy, Wheat, Rice, Maize
📈 Long-Term Goal Full Bilateral Trade Agreement (BTA)
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🔍 Why Is This Deal Important?
The deal is aimed at reducing trade tensions between the world’s two largest democracies. It helps in:
🛡️ Avoiding retaliatory tariffs of up to 27%.
📦 Providing smoother market access for textiles, electronics, leather.
🇮🇳 Helping India safeguard sensitive sectors like agriculture and dairy.
🇺🇸 Allowing the U.S. to push for more access in manufactured goods.
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⏰ What Happens If No Deal?
If the mini trade deal isn’t signed by July 9, both India and the US may impose steep tariffs (26–27%) on each other’s exports. This would negatively affect businesses and consumers on both sides.
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🗺️ Road Ahead
Once the mini-deal is signed, both countries will shift their focus to:
📘 Negotiating a Comprehensive Bilateral Trade Agreement (BTA)
🧾 Including services, agriculture, non-tariff barriers, and digital trade
🔁 Establishing long-term, stable trade ties
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📣 Government Sources Say...
> "The mini deal is expected to be finalized before the tariff deadline. Tariff rates are expected to average around 10%, offering temporary relief to exporters and importers,"
— Source: CNBC-TV18
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🔗 Related Links
🔸 India-US Trade Deal Live Updates – ET
🔸 Mini Trade Deal: What’s In & Out – Economic Times
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📢 Final Words
This mini-deal may not solve all trade issues, but it’s a strategic and timely step toward strengthening the India–US economic partnership. It shows maturity in global diplomacy and gives both nations a platform to build bigger trade reforms in the future.
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