U.S. and India nearing interim trade deal to avoid tariffs, aiming for bigger pact by fall.

India and the U.S. are nearing an interim trade agreement after several rounds of negotiations focused on market access, tariffs, and digital trade. Both countries aim to sign the initial deal by the end of June to avoid additional tariffs. The agreement could lead to a multi-sector bilateral trade pact by fall 2025, with the goal of doubling bilateral trade to $500 billion by 2030. However, issues like dairy and grain access remain unresolved.