The deadline for trade negotiations between India and the United States is approaching, and the two sides still have differences in areas such as automobiles, steel and agriculture. Indian media reported on the 4th that India plans to impose retaliatory tariffs on some US products. Indian Minister of Commerce and Industry Piush Goyal made a firm statement on the same day, saying that only mutual benefit can lead to an agreement.

India has informed the World Trade Organization (WTO) that it plans to impose retaliatory tariffs on some US products in response to the US's violation of WTO rules by imposing additional tariffs on automobiles and auto parts imported from India.

The 90-day grace period for the so-called "reciprocal tariffs" imposed by the United States will end on July 9th, while India and the United States are still engaged in trade negotiations. According to Reuters, the current trade negotiations between India and the United States are divided in the fields of automobiles and auto parts, steel and agricultural products. On the one hand, India is reluctant to open up its agricultural and dairy markets; on the other hand, it demands that the US impose lower tariff rates on Indian goods than those on countries like Vietnam.

India did not specify the tariff rates or which US products it would impose tariffs on.

Reuters reported that according to an official statement from India, New Delhi said that Washington's imposition of a 25% tariff on Indian automobiles and some auto parts would impact India's exports worth 2.89 billion US dollars (about 3.68 billion Singapore dollars).

The Indian side pointed out in the notification that the US's imposition of additional tariffs violates the rules of the World Trade Organization and has a significant impact on bilateral trade. India has suspended equivalent tariff concessions in accordance with World Trade Organization rules, while reserving the right to adjust the list of target products and tariff levels.

The Indian Express reported on the 5th, citing an Indian official, that India's core interest lies in ensuring continuous market access for labor-intensive products such as textiles and footwear, and the export of auto parts is also one of the concerns. Furthermore, the United States is unwilling to make concessions to any country in the steel sector.

India is trying to reach a trade agreement with the United States before the deadline set by US President Trump, July 9. According to the list of equivalent tariffs released by Trump in early April, the United States will impose a 26% equivalent tariff on all imported goods from India.

According to the notice, the total amount of tariffs imposed by the United States on India will reach 725 million US dollars, and India will impose equivalent tariffs on "products originated from the United States".