The latest on the India-US trade negotiations- The US may reduce tariffs on Indian imports from a steep 50% to 15–16% as a part of their trade deal, as per a report by Mint, after India agreed to cut its reliance on Russian oil purchases . The US had earlier imposed an additional 25% tariff on India as a punishment for buying Russian oil, which, according to Washington, was indirectly supporting the escalation of the Russia-Ukraine war . According to the Mint report, India and the United States are nearing a long-stalled trade agreement that hinges on energy and agriculture.

India may ease curbs on US corn and soymeal imports

As part of negotiations with Washington, India may allow increased imports of non-genetically modified US corn and soymeal in response to rising domestic de

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