As India and the United States agreed to continue trade negotiations, sources told IANS that New Delhi is pressing for a tariff rate below 20 per cent.

The push for tariffs below 20 per cent is viewed as vital to safeguarding India's competitiveness, given that other South and Southeast Asian nations face US tariff rates between 15–20 per cent.

Sources added that New Delhi is also pressing for the removal of the additional 25 per cent tariff on Russian oil purchases, aligning with the Trump administration's view that European nations should curb their imports as well and reiterating that India should not be singled out.

Add Zee Business as a Preferred Source

External Affairs Minister (EAM) S Jaishankar, in his speech at the G20 Foreign Ministers' meeting on the sidelines of the UN Gene

See Full Page