India-US Trade Deal Nears Closure: Official

Nov 17, 2025 16:02

India and US are nearing closure on the first phase of a bilateral trade agreement, addressing reciprocal and oil tariffs. Details inside.

Photograph: Jonathan Ernst/Reuters

New Delhi Nov 17 (PTI) The first phase of the proposed bilateral trade agreement is nearing closure, a government official said on Monday.

This part of the pact would address both the 25 per cent reciprocal tariffs and the 25 per cent oil tariffs on India, the official said.

As part of addressing reciprocal tariffs imposed on India and USA's market access issues, a package is nearing closure and on that "we should get a closure soon", the official added.

Source: PTI

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India-US Trade Deal Nears Closure: Official

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