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Extra US tariff may go by year-end: Commerce secy
Financial Express Bengaluru
|November 29, 2025
INDIA AND THE US are negotiating on two tracks to resolve their trade standoff, and the first one will likely address the 50% additional tariff on Indian exports by Decemberend, Commerce Secretary Rajesh Agrawal said on Friday.
The second line of negotiations is for concluding the first tranche of the bilateral trade agreement (BTA). The secretary indicated that this could only follow the trade deal that could ease the tariff burden on India.
Not just the punitive 25% impost attributed to Russian oil imports, but even the 25% additional reciprocal tariff is expected to be part of the trade deal.
Cette histoire est tirée de l'édition November 29, 2025 de Financial Express Bengaluru.
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