In an indication that some of the trade tensions between India and the U.S. might be getting ironed out , a senior government official on Monday (November 17, 2025) said that the first tranche of a trade deal between the two countries is “more or less near closure”.

“Yes, we are engaged with the U.S. on the Bilateral Trade Agreement (BTA), but as you are aware, the BTA has two parts in it,” a senior official in the Ministry of Commerce and Industry said on the condition of anonymity as the talks are still ongoing.

“One part of it will take time,” the official explained. “The other part is a package that can address reciprocal tariffs. We are working on both aspects, but the package that can address reciprocal tariffs is more or less near closure. We should get closure on that soon.”

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