Tariff threat looms as India, US weigh options
New Delhi, July 2 -- With just a week to go before the retaliatory tariff of 16% on imports from India to the US kick in, all possibilities remain according to officials familiar with the matter: no deal, with sensitive issues such as US exports of dairy products and agricultural produce, scuttling one; an early deal with both countries dropping sensitive items from the contours of an agreement; and, while the probability of one is low, a big trade deal, as US President Donald Trump had said time and again.
The first eventuality could see the tariffs kick in (on top of 10% that came into effect in April); while the second and third could help Indian exports to the US escape them. To be sure, the people clarified, the first would not affect ...
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