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India, US close to pact on extra tariff removal
Financial Express Mumbai
|December 16, 2025
. CBAM issue on the table in FTA talks with EU
INDIA AND THE US are very close to a framework agreement that will see reversal of the reciprocal and the pact could be completed in a short period of time, Commerce Secretary Rajesh Agrawal said on Monday.
He, however, refused to put a time frame to the agreement.“We remain engaged with the US very positively and with a very positive intent to see if we can close it earlier than later." The total additional tariffs that the US has imposed on India are 50%.
This story is from the December 16, 2025 edition of Financial Express Mumbai.
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