India-US trade deal enters crucial phase as Section 301 and tariff deadline loom large

India-US trade negotiations are in a crucial final phase ahead of the July 24 deadline, with Section 301 provisions remaining a key sticking point. Trade expert Abhijit Mukhopadhyay estimates around a 10% chance of missing the deadline, after which original MFN tariffs would be reinstated and Section 301 repercussions could follow. India is expected to stay cautious about any clause allowing the US to restore prior tariffs or invoke broad trade measures, as such provisions could create uncertainty even after a deal is signed.