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After nearly a week of intense negotiations, India and the United States (US) are learnt to have almost finalised an interim trade deal, mainly focusing on tariff concessions. An announcement is expected over the next two-three days, ahead of the looming expiry of the US’s 90-day pause on country-specific reciprocal tariff deadline, people aware of the matter told Business Standard.
Indian officials are also closely studying the US’ trade agreement with Vietnam announced by President Donald Trump on Wednesday, especially since the South-East Asian nation is a significant regional competitor for India in manufacturing and exports.
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