Overview

• V Anantha Nageswaran said he expects a resolution within eight to ten weeks, stressing his comments reflect intuition rather than a formal government position.
• He indicated the 25% penal tariff tied to India’s Russian oil purchases may be lifted by the end of November, subject to ongoing talks.
• The adviser said the 25% reciprocal tariff could be trimmed to roughly 10%–15% if a deal is reached.
• Negotiators resumed in-person engagement this week as a U.S. team led by Brendan Lynch met Indian officials in New Delhi, with India’s Commerce Ministry calling the talks positive and forward-looking.
• The duties remain in effect after the U.S. added a 25% penal levy on August 27 on top of a 25% reciprocal tariff that began August 7, and Nageswaran warned prolonged measures would cut India’s exports to the U.S.