India and the US are finally close to locking in on a trade deal, sealing a pact which will address both the reciprocal and oil tariffs . Commerce secretary Rajesh Agrawal on Monday said that discussions are going on to close on a package which will include issues such as America’s market access to the country, and 25% reciprocal tariffs and the additional 25% oil duties. "We should get a closure soon", the official added, pointing out that the negotiations have been ongoing virtually since the past months. He further informed that the deal consists of two components: a first tranche aimed towards resolving tariff-related issues and the other one, that will naturally take more time to negotiate. The pact that was formally proposed in February after instructions from the top

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