India–US Trade Deal Nearing Final Stage: Major Tariff Issue Set for Resolution!

The first phase of the Bilateral Trade Agreement (BTA) between India and the United States is expected to be finalized soon. Government sources indicate that the issue of the 50% tariff imposed by the U.S. is also moving toward a resolution.

According to officials:
“We are in discussions with the U.S. on the BTA. The agreement has two components. One of them will take some time to conclude, while the second part involves a package to resolve reciprocal tariffs. We are very close to reaching a deal on that,” they stated.