India has hardened its stance on issues related to the ‘sensitive’ agriculture sector, as negotiations for a trade deal with the United States (US) have entered a critical phase, according to a person familiar with the development.
However, if the discussions fail, New Delhi should be prepared to face a 26 per cent reciprocal tariff that the US plans to impose after July 9, the person cited above told Business Standard.
“The US is also in the process of negotiating deals with other countries. If those deals materialise, India may lose its comparative tariff advantage vis-à-vis other countries,” the