š„ āTrump Teases āMuch Lower Tariffsā in Mega USāIndia Deal by JulyāÆ9! šŗšøš®š³
- MediaFx
- Jul 2
- 2 min read
TL;DR:President Trump says the US and India are almost ready to seal a Bilateral Trade Agreement (BTA)āwith āmuch less tariffsāābefore the big JulyāÆ9 deadline, when a 90āday tariff pause runs out š®. Talks in Washington are still on full speed, especially about agriculture, auto parts, and steel. Both sides are racing against time to avoid a scary 26ā27% reciprocal tariff. U.S. Treasury Sec. Scott Bessent and Indiaās EAM Jaishankar both confirmed progress. The deal could boost trade fairness, help American exporters, and maybe save Indian goods from big taxes. Letās dive in! š

š Whatās the Scoop?
1. July 9 Tariff Deadline Drama
On April 2, Trump announced broad reciprocal tariffsāa 10% baseline, going up to 26ā27% for Indiaāset to kick back in on July 9Ā if no deal happens.
That pause is almost over. No deal = instant heavy Indian tariffs.
2. āMuch Less TariffsāāTrumpās Promise
Speaking onboard Air Force One, Trump said: āif India do that, we are going to have a deal for much less tariffs,ā showing U.S. hope for open market competition.
Treasury Secretary Scott Bessent said the two countries are āvery closeā to locking it down.
3. Key Issues: Farm vs Industry
India has put its foot down on agricultureāespecially dairy, where it usually resists opening markets.
The U.S. wants better access for apples, nuts, GM crops, while India pushes for easier export of shrimp, oilseeds, textiles, leather, and more.
4. Race to Avert Tariff Reinstatement
The dealālike a miniādealāis being fastātracked to beat the clock on the 26ā27% tariffs.
Indian diplomats, including Rajesh Agrawal and EAM Jaishankar, extended their Washington trip to crunch the details with U.S. trade officials.
5. Bigger Picture: Trade Strategy
This is one of many miniādealsĀ Trump wants to seal before JulyāÆ9. Only the UK and China deals are already done.
If this clicks, it could boost bilateral trade to $500āÆbillion by 2030, which sounds massive.
š Market & Global Response
Asian markets are feeling nervous about this deadlineāwith the dollar dipping and safeāhaven gold rising as everyone waits to see if the deal gets signed.The global economy is watching carefullyāno deal could shake supply chains and trade routes.
š®š³ MediaFx Opinion (PeopleāFirst View)
From the peopleās perspective: This deal could bring cheaper products and maybe more jobsābut only if itās fair, not a corporate free ride. š§āš¾Farmers need strong protection, while factory workers deserve access and opportunity.We support real safeguards for small producers, not just profits for big corporates.If the deal lifts working families, not just billionaires, then itās a real win for the manyānot the few.
š Now over to you:What do youĀ feelāshould India open its dairy and nut markets, or stand firm to protect farmers? Comment your thoughts below!