Try GOLD - Free
India, US near closure on first trade pact package
Financial Express Ahmedabad
|November 18, 2025
THE FIRST PACKAGE of the proposed Bilateral Trade Agreement (BTA) between India and the US — covering reciprocal tariffs, penal taxes on Russian oil purchases, and key market access issues — is nearing closure, a senior official said on Monday.
“We are engaged with the US on the BTA. It has two parts. One part of the negotiations will take time.The other part is a package that can address reciprocal tariffs. We are working on both aspects. The package, which can address reciprocal tariffs, is more or less near closure,and we should get it soon,” the official said.
The US has imposed 25% reciprocal tariffs on Indian imports to bridge the trade gap and another 25% over India’s crude oil purchases from Russia, taking the total additional levy to 50%.
This story is from the November 18, 2025 edition of Financial Express Ahmedabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Ahmedabad
Financial Express Ahmedabad
It’s wok-ing!
From immersive cafes and casual dining to luxe reinterpretations, pan-Asian remains a perennial favourite, with most new openings favouring the cuisine
6 mins
December 14, 2025
Financial Express Ahmedabad
‘It’s fake news’: A natural history of misinformation
It is not just humans who suffer fake news. So do fish, flies and even bacteria
4 mins
December 14, 2025
Financial Express Ahmedabad
A myth & its unmaking
A dismantling of the idea of progress, forcing a rethink what it means to advance at all
4 mins
December 14, 2025
Financial Express Ahmedabad
Indian holidayers favour foreign shores over domestic
Outbound tourist numbers rising, inbound static
1 min
December 14, 2025
Financial Express Ahmedabad
MG Windsor zooms past Tata to take EV crown
FOR THE FIRST time since electric vehicle (EV) sales took off in India in 2020, a non-Tata car will lead a calendar year’s sales.
1 min
December 14, 2025
Financial Express Ahmedabad
These Al travel influencers don't want freebies
Social media posts by AI-created travel avatars cost far less to produce, yet look real. Human influencers worry they're being elbowed out
3 mins
December 14, 2025
Financial Express Ahmedabad
H-1B visa fee: 19 US states sue Trump admin
NINETEEN US STATES have sued the Trump administration over its \"unlawful\" decision to impose a $100,000 fee on new H-1B visa petitions, warning that the move will worsen labour shortages in key sectors such as health care, education and technology.
1 mins
December 14, 2025
Financial Express Ahmedabad
Clampdown in Bangladesh amid unrest
BANGLADESH CHIEF ADVISER Muhammad Yunus-led interim government ordered a nationwide security clampdown as fresh unrest gripped the country following the shooting of a right-wing cultural group's youth leader.
1 min
December 14, 2025
Financial Express Ahmedabad
Shiprocket aims to raise ₹2,342 crore
TEMASEK-BACKED E-COMMERCE enablement platform Shiprocket has filed updated draft papers with markets regulator Sebi to raise a little over ₹2,342 crore through its initial public offering (IPO), reports PTI.
1 min
December 14, 2025
Financial Express Ahmedabad
90% IndiGo ops back to normal
ABOUT 90% OF IndiGo’s flight operations have returned to normal, Union Minister of State for Civil Aviation Murlidhar Mohol said on Saturday.
1 min
December 14, 2025
Listen
Translate
Change font size