*US-INDIA FTA* India-US trade cannot be doubled without reducing tariffs Working on an early trade tranche Aim to conclude the early tranche before July 9 India and the US are discussing tariff cuts and improved market access India seeking better market access for labor-intensive products Government monitoring the impact of 50% steel & aluminum and 25% auto tariffs Auto components sector not seeing significant impact yet Impact may emerge if certain countries receive exemptions US trade negotiators visited India from June 4-10 Discussions included market access, tariff and non-tariff barriers Topics also covered: digital trade, technical barriers, legal framework, and customs facilitation