India-US trade deal soon? Commerce minister Piyush Goyal has said that India is in advanced stages of talks with the US for a bilateral trade agreement. Goyal’s statement assumes significance as it comes on the back of American President Donald Trump also hinting at an imminent India-US trade deal earlier this week. "We are at the advanced stage of discussions with both the EU and US for trade deals," said Piyush Goyal at the ET Startup Awards. The United States has levied a 25 per cent penalty tariff on India for its Russian oil purchases, which adds to the existing 25 per cent reciprocal duties on Indian products entering US markets. Consequently, Indian exports face a huge 50 per cent additional import duty in the US. India has labelled these tariffs as "unfair, unjustified and

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