India on 3rd July officially informed the World Trade Organization (WTO) of its intention to suspend concessions on select US-origin automobile goods. This official notification from India came at the time when India-US Trade Deal are in the final stages. India proposed the move under World Trade Organization (WTO) rules, treating the action of US tariff a “safeguard measure.”
India -US Trade Deal in Final Stages
Though the WTO dispute is moving forward, the interim India -US Trade Dealare likely to be finalized within days. As per the sources, The Indian negotiating team, led by Chief Negotiator Rajesh Agrawal has returned from Washington after holding talks with the US officials.
India has notified that it is reserving its right to suspend concession on equivalent US exports to India as a response to enhanced tariff of 25 per cent imposed by the US earlier in March 2025, on India exports of auto components. The safeguard measures would affect $2.89 billion imports annually into the United States of the relevant products originating in India, on which the duty collection would be $723.75 million.