
NEW DELHI : The stand the US is taking in its negotiations with key partners suggest that even if an interim trade agreement with India gets finalised, Indian exports will still be subject to duties that are higher than those that prevailed prior to introduction of reciprocal tariffs on April 2 while New Delhi will end up significantly reducing import duty for American imports, according to a report.
The US had imposed 26% extra duties on Indian imports as part of reciprocal tariff plan and through an interim trade deal India is trying to avoid them. Indian officials . . .
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