Tue Jul 08 09:08:24 UTC 2025: Here’s a summary of the text and a rewritten version as a news article:
**Summary:**
India and the U.S. are nearing a potential mini-trade deal as of July 8, 2025. The U.S. has imposed tariff deadlines, but India believes it’s operating under an earlier July 8th deadline, unlike other countries who received official letters triggering an August 1st deadline. While a deal could be announced soon, India is prepared to walk away if the specifics don’t suit its interests. Key sticking points remain U.S. demands regarding the import of genetically modified (GM) crops and dairy products.
**News Article:**
**India, U.S. Close to Trade Deal, but Sticking Points Remain**
**New Delhi – July 8, 2025** – India and the United States are on the cusp of finalizing a mini-trade deal, with officials indicating an agreement could be announced “in a day or two.” However, sources within the Indian government emphasized that the deal’s specifics must align with India’s interests, signaling a willingness to walk away if necessary.
The potential agreement comes as the U.S. implements tariff deadlines aimed at addressing its trade deficit. While U.S. President Donald Trump has imposed an August 1st deadline for countries who received official letters of tariffs, India contends it’s operating under an earlier July 8th deadline, as it has not received such a letter.
“The August 1 deadline is for countries that have been sent the letters,” stated a government official. “India has not been sent a letter, and we are still working to finalize the deal, so the July 8-9 deadline is still what we are operating under.”
President Trump confirmed the progress, stating the U.S. was “close to making a deal with India.”
Negotiations have intensified in recent months, with multiple visits by trade delegations from both countries. India has reportedly presented its final proposals, leaving the ball in the U.S.’s court.
Despite the progress, significant hurdles remain. The U.S. is pushing India to allow the import of genetically modified (GM) crops, such as soybean meal, and dairy products. India has historically resisted the import and even domestic production of GM crops, as well as the import of cow milk from the U.S.
The outcome of these negotiations will have significant implications for trade relations between the two countries. If a deal is reached, it could pave the way for further cooperation on trade and investment. However, a failure to reach an agreement could lead to increased trade tensions and retaliatory measures.
First Piper 