Overview
- The first phase of a bilateral agreement is reported to be close, with an announcement possible before the end of November.
- Reports say President Trump has accepted withdrawing the punitive charge tied to India’s purchases of Russian oil.
- Negotiators are discussing re-pricing earlier U.S. levies from as high as 50% toward ranges roughly between 12% and 19%, alongside reciprocal tariff lists.
- India is weighing duty-free access for soyabean, corn and select dairy products as part of market-opening concessions.
- Six rounds of talks have concluded, officials say key technical details remain under negotiation, and the U.S. is promoting potential gains in energy exports and investment.