India Ready For 'Unsatisfactory' Trade Deal Situation With US, Looking At New Markets: Sources

Last Updated:July 08, 2025, 16:39 IST

Government sources said India is looking to partner with countries like Cambodia that have received their tariff letters and can be potential new markets for trade

India and the US are negotiating an interim trade pact, which is expected to be announced before July 9. (Image for representation: AFP)

India is prepared in case the trade deal with the United States is not to its satisfaction, government sources told News18.

According to government sources, India is looking to partner with those countries like Cambodia that got their tariff letters on Monday (July 7). They can be new potential markets for India as they are suffering.

The sources said India, however, is quite hopeful about a good deal with the US. But, it is also ready for a “no deal" situation especially when it comes to dairy and agricultural, as well as labour intensive products, they said. India, hence, is looking at new markets for new products to export like Doha.

Pallavi Ghosh

Pallavi Ghosh has covered politics and Parliament for 15 years, and has reported extensively on Congress, UPA-I and UPA-II, and has now included the Finance Ministry and Niti Aayog in her reportage. She has als...Read More

Pallavi Ghosh has covered politics and Parliament for 15 years, and has reported extensively on Congress, UPA-I and UPA-II, and has now included the Finance Ministry and Niti Aayog in her reportage. She has als...

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News india India Ready For 'Unsatisfactory' Trade Deal Situation With US, Looking At New Markets: Sources