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India-US deal: $140bn trade ties moves closer to new framework agreement

NEW DELHI: India and US have finalised most elements of the legal text of the first tranche of the bilateral trade agreement, with negotiations now focused on "commas and full stops", commerce and industry minister Piyush Goyal said Monday, but the treaty, in the works for 15 months, will only be sealed after there is clarity on how the Trump administration deals with the tariff mechanism once the current 10% levy goes away next month. While US is expected to rely on Section 301, under which...

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