The US has extended the suspension of its April 2 reciprocal tariffs until August 1, a move that will provide temporary relief to Indian exporters. 

The move will also provide additional time to governments of both countries to resolve outstanding issues and finalise a trade deal.

The White House confirmed the extension on Monday, stating that the suspension, initially set to expire on July 9, was being prolonged "

based on additional information and recommendations from various senior officials" and due to the ongoing discussions with trading partners.

India, which has been actively negotiating a bilateral trade agreement (BTA) with the US, 

was notably absent from the list of countries that received official tariff notifications from the Trump administration this week.

Among the nations served with tariff letters were Bangladesh, Indonesia, Japan, South Korea, Malaysia, Thailand, South Africa, and several others. 

These letters, signed by President Donald Trump, outlined the tariffs that would take effect on goods entering the US from August 1.

Source: Hindustantimes