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Tariffs on Indian exports to the US could drop to 15-16% under trade deal
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US-India trade talks may slash tariffs on Indian exports to 15-16% from about 50%, boosting export sentiment.
India and the United States are reportedly nearing a trade agreement under which US tariffs on Indian goods could fall to about 15-16% from current levels up to 50%. The negotiations reportedly involve Delhi agreeing to gradually reduce Russian oil imports and increase purchases of US corn and soymeal in return for tariff relief. This development comes amid Indian exporters pressing for market access, particularly in agriculture and commodities. Market analysts say such a deal could boost Indian export sentiment and uplift related stocks.