NEW DELHI : Commerce Secretary Rajesh Agrawal recent said that government is “very close” to closing the initial framework deal with US to lower reciprocal tariffs.

“We are very close on closing the initial framework deal but I don’t want to put a timeline to it,” Agrawal said during a briefing.

“We have done six rounds of talks with the US where we have discussed both the BTA (Bilateral Trade Agreement) as well as an interim deal to lower reciprocal tariffs,” Agrawal said.

There’s a reasonable expectation that India and . . .