India and the US inch closer to a trade agreement, with most sticking points resolved. Despite recent tariffs, negotiations progress positively. Key areas of disagreement include oil imports from Russia and tariffs on agricultural products. Indias trade secretary emphasizes the need for a foundational trade framework to address reciprocal tariffs and other trade issues. Both nations aim to finalize the deal before the end of 2025, as Indias trade deficit with the US reaches a record high.
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