India-US trade deal enters crucial phase as Section 301 and tariff deadline loom large

India and the US are in the final stages of trade deal negotiations, with a July 24 deadline looming. A key sticking point is Section 301 of the US Trade Act, which India fears could lead to the re-imposition of tariffs.

Experts suggest a 10% chance of missing the deadline, which would revert talks to MFN tariffs and potentially stall market access discussions.