India and US Close to Finalizing Small Trade Agreement with 10% Tariff Rate

The India-US small trade agreement is expected to be finalized soon, with a 10% average tariff rate, while larger negotiations will follow after July 9.

Summary

India and the U.S. are set to finalize a small trade agreement with a 10% average tariff rate within the next 24 to 48 hours, as reported by CNBC. The completion of this agreement will pave the way for larger trade negotiations scheduled to begin after July 9.

Terms & Concepts