India expects to secure a new trade deal with the U.S. before the end of 2025. Reuters said most issues between the two countries appear to be resolved. The U.S. imposed import tariffs of 50 percent in late August, even as negotiations were ongoing. Earlier in November, President Donald Trump said talks with India’s Prime Minister had been going well. The White House has been pressuring India to reduce oil purchases from Russia and bring down tariffs on multiple sectors, including agricultural trade. India’s trade secretary told industry leaders at a Federation of Indian Chambers of Commerce and Industry event that a trade framework needs to come first, which is where the countries would address reciprocal tariffs. Any additional issues can be addressed at a political level, and they’re optimistic that a solution will happen before the end of this calendar year. India’s trade deficit with America hit a record high in October.
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