New Delhi, June 30 -- India and the US are negotiating an interim deal within the legally binding framework of a bilateral trade agreement (BTA) unlike the non-binding nature of the recently concluded US-UK Economic Prosperity Deal (EPD), hence New Delhi wants Washington to simultaneously withdraw all punitive tariffs, including the 26% retaliatory levies, people in the know said. The two partners are intensely engaged in finalising an early harvest deal before July 9 that primarily involves tariff and non-tariff matters as per mutually agreed terms of reference (TORs) in March 2025. The TORs reinforce the binding nature of the deal that will eventually culminate into a comprehensive free trade agreement or BTA, they said, requesting anonym...