By Admin 
India-Rus Trade Deal: The trade deal between India and the US is expected to be finalized at the earliest. After the fifth round of talks in Washington till four days (14 July-17 July), a team of American trade officials will now visit India in the month of August for the next round of talks.
Discussion on these issues in the fifth round
Last week, there was a conversation between the two countries in Washington between the two countries between the India’s Chief Dialogue and Special Secretary in the Commerce Department, Rajesh Aggarwal and Brandon Brendon Lynch, Assistant American Trade Representative for South and Central Asia.
According to the report of news agency PTI, issues related to agriculture and automobiles were discussed in the fifth round of talks. Apart from this, there were also talks on SOMET (Special Chemicals, Organism, Materials, Equipments and Technology). The two countries are preparing to make the trade deal the last blueprint before August 1 and the same deadline is the implementation of Trump’s new tariff.
Preparation for the deal final before 1 August
US President Donald Trump announced the recipe rice on his trading partners in April this year. This trade deal is very important for India because from August 1, America has planned to put a tariff of 26 percent on all other countries including India. It also includes a baseline tariff of 10 percent.
India’s effort is to remove this 26 percent tariff. India wants the US to give it a discount on steel and aluminum (50 percent) and auto sector (25 percent). Here America is demanding to increase its reach in India’s agriculture and dairy sector. In view of this, some farmer organizations have urged the government not to include any issue related to agriculture in the trade agreement.
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